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 :: PMB Investment Is Now An Islamic Fund Management Company


PMB Investment Berhad (256439-D)
Ground Floor, Wisma PMB,

No. 1A, Jalan Lumut, 50400 Kuala Lumpur.
Tel: 03-4145 3800 /03-4145 3900 
Fax: 03-4145 3901 

 

 

M E D I A  S T A T E M E N T

 

2 December 2014

 

PMB INVESTMENT IS NOW AN ISLAMIC FUND MANAGEMENT COMPANY, ITS FUND SIZE EXCEEDS RM1 BILLION

 

PMB Investment Berhad, a member of Pelaburan MARA Berhad group, is now an Islamic Fund Management company and its assets under management has recently surpassed the RM1 billion mark.

 

Its chief executive officer Ameer Ali Mohamed hopes that these two milestones will be the foundation for PMB Investment to elevate itself to the next levels, in terms of products and services offering, performance and assets under management.

 

“We would like to express our sincere gratitude to the Securities Commission Malaysia (SC) for having approved our application for the conversion of the Capital Market Services Licence (CMSL) from regulated activity of fund management to Islamic fund management,” Ameer says, referring to a letter from the SC dated 1 December 2014.

 

He hopes PMB Investment will be eligible to investment mandates that are available for the development of Islamic Fund Management companies, including seed funds provided by major institutions.

 

Ameer is happy that the company has successfully achieved one of the important targets under the five-year 2011-15 Transformation Plan of the Pelaburan MARA group where PMB Investment is to be transformed into a Shariah-complaint fund manager. It involved converting conventional unit trust funds and discretionary portfolio mandates into Shariah-compliant.

 

 “Alhamdulillah, we have been managing only Shariah-compliant funds since 7 March this year, the day when the last two of our unit trust funds were officially made Shariah-compliant. And now we are an Islamic Fund Management company.

 

“Being an Islamic Fund Management company will also distinguish PMB Investment from other unit trust and portfolio managers that offer both conventional and Shariah-compliant windows. Furthermore, this will be the right base for PMB Investment to expand regionally,” he adds.

 

According to Ameer, PMB Investment manages a fund size of RM1.09 billion as at 31 October 2014, and this represents a growth of 135% over the RM463 million fund size as at the end of December 2013.

 

“In addition to our traditional equity and money market funds, we introduced sukuk mandate in June this year. With our fund size exceeding the RM1 billion mark, we hope we will be eligible to be portfolio managers of many other institutions and corporations that have Shariah-compliant mandates,” he adds.

 

PMB Investment Berhad, formerly known as ASM Investment Services Berhad, is one of the pioneers in the nation’s unit trust management industry. Managing only Shariah-compliant funds, PMB Investment Berhad currently has 10 equity unit trust funds, two mixed asset unit trust funds, a cash management unit trust fund, a wholesale income fund, a closed-end principal protected fund and several discretionary equity and sukuk portfolios.

 

-End-


 

For more information, please contact:

Marina Ghazali
Head of Marketing

PMB Investment Berhad

DL : 03 - 4145 3966
GL : 03 - 4145 3800
F : 03 - 4145 3903
E : marina@pelaburanmara.com.my

 




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