BIMB Investment eyes RM100mil in AUM for BIMB-Arabesque fund

KUALA LUMPUR: Bank Islam Malaysia Bhd’s (BIMB) wholly-owned subsidiary, BIMB Investment Management Bhd is aiming for RM100 million in asset under management (AUM) in two years for its newly launched BIMB-Arabesque Global Shariah Sustainable Equity Fund (BGSEF).

BIMB Investment chief executive officer Najmuddin Mohd Lutfi said the investment company is currently managing about RM1.7 billion worth of assets and targets to increase it to RM2.5 billion by year-end; with the newly-launched fund expected to contribute about 10 per cent of its total funds in the next 24 months.