KUALA LUMPUR, Nov 12 (Bernama) -- PMB Investment Bhd and Bank Islam Malaysia Bhd (BIMB) have signed a memorandum of understanding (MoU) to establish a strategic collaboration aimed at expanding Shariah-compliant investment opportunities.
Under the MoU, BIMB has been appointed as an institutional unit trust adviser (IUTA) to promote and distribute PMB Investment's unit trust funds across Malaysia.
PMB Investment’s chairman Datuk Mohd Idzwan Izuddin Ab Rahman said that as the eighth IUTA in PMB Investment's distribution network, BIMB will leverage its extensive branch network to market and distribute five PMB Investment unit trust funds.
Initially, these funds will include PMB Dana Al-Aiman, PMB Dana Besari, PMB Shariah Index Fund, PMB Shariah Equity Fund, and PMB Shariah Cash Management Fund.
With BIMB’s wide distribution network, PMB Investment aims to access new opportunities and expand its investor base across Malaysia, Mohd Idzwan Izuddin said.
“By offering these funds, BIMB customers gain access to a diverse range of investment options tailored to their financial goals, providing them with a broader selection of Shariah-compliant investments.
“We also expect that this would contribute to about 10 to 20 per cent in sales for each of the products,” he said during the MoU signing ceremony today.
This new partnership is also expected to help PMB Investment achieve its asset under management (AUM) target of RM2.0 billion by 2025, he noted.
“This collaboration is a crucial step toward creating a holistic financial ecosystem. Our combined strengths are set to empower individuals while meeting their Shariah-compliant investment needs,” he said.
Meanwhile, BIMB Group chief business officer Mizan Masram highlighted that the bank aims to provide clients with a broad range of accessible, diversified investment options aligned with their financial goals and Islamic principles.
“This diversity marks a significant step in strengthening our commitment to financial inclusion and empowering clients with investment choices that support long-term growth,” Mizan added.
Currently, the five funds are available through all 135 BIMB branches nationwide.
PMB Investment, an Islamic fund management company under Pelaburan MARA Bhd, has been a pioneering force in unit trust management since 1967.
Since being recognised as an Islamic Fund Management Company (IFMC) in 2015, it manages a diversified portfolio, including 19 unit trust funds across asset classes such as equity, sukuk, and global and wakaf-based funds.
Investors can start investing through BIMB's branches, the Employees Provident Fund (EPF) online portal, or by using the EZForm on PMB Investment's website, www.pmbinvestment.com.my, with convenient FPX fund transfer options.
For more information on the fund offerings, including fees and risk considerations, visit www.pmbinvestment.com.my or call 03-4145 3900.
-- BERNAMA
