The financial institutions are collaborating to broaden access to Shariah wealth offerings.
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The financial institutions are collaborating to broaden access to Shariah wealth offerings.
Existing customers of specific investment-linked plans will be able to invest in Franklin Templeton products.
The retail sector offers product innovation and partnership opportunities.
Equity funds still dominate Malaysia’s sharia-compliant funds, which have been gathering assets the last three years.
Malaysia continues to dominate Southeast Asia’s Shariah fund market, but demand has been driven by institutional investors, with little interest from HNWIs, according to a report by Boston-based research firm Cerulli Associates.
The Shariah fund market remains highly challenging despite heightened interest from managers and regulators in Southeast Asia, according to Cerulli Associates.
The equity fund was launched in Indonesia and will focus on investments in India, Australia and Japan.
The Malaysia-based asset management firm has launched a Shariah-compliant retirement product.
RHB Asset Management has unveiled a Shariah-compliant actively managed Islamic balanced fund in Hong Kong, the first in the country.
Even as growing numbers of multi-national asset managers are moving to set up shop in Malaysia, as they prepare to tap into the demand for Islamic fund management, an informal poll of market participants suggests that the industry’s growth is being stymied by a lack of product innovation and range.
Part of the Mark Allen Group.