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.
