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Malaysia’s Aiiman and Bank Islam form alliance

The financial institutions are collaborating to broaden access to Shariah wealth offerings.
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Aiiman Asset Management has joined hands with Bank Islam Malaysia to be its first distribution partner.

With this, Aiiman’s suite of Shariah-investment funds will now be available through Bank Islam’s distribution channels, the firm announced on 21 July.

To kick-off the partnership, Aiiman will be onboarding three of its core funds onto Bank Islam’s distribution platforms:

  • The Aiiman Global Equity Fund, which invests into a globally diversified portfolio of Shariah equities
  • The Aiiman Asia Pacific (ex Japan) Dividend Fund, which adopts a barbell strategy to invest into a basket of high-dividend yielding Shariah-compliant equities and another into future dividend leaders and
  • The Aiiman Income Extra Fund, which aims to provide investors with a steady income stream by investing in Sukuk, Islamic money market instruments and Islamic deposits.

As at 30 June 2023, Aiiman’s total assets under administration (AUA) stood at approximately RM27.30bn ($5.99bn). The AUA comprises assets under management, investment advisory and those under distribution.

Part of the Mark Allen Group.