BIMB Investment launches Makmur myWakaf Fund

BIMB Investment chairman Mohamed Ridza Mohamed Abdulla said the Makmur myWakaf Fund is unique as it combines Shariah-based principles in mobilising funds for the betterment of society.

KUALA LUMPUR: BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday which is for investors who wish to channel a part of their investment returns for wakaf purposes to underprivileged communities in Malaysia.

BIMB Investment is the first fund management company to structure and design a wakaf unit trust fund, hence, introducing a new investment dimension into the fund management industry in Malaysia.