PNB to continue upholding syariah-compliant investments


PNB head of syariah management department Dr Ahmad Basri Ibrahim said it aspires to progress with more significant achievements through the continuous implementation of its initiatives to assist in encouraging stability and growth of the Islamic investment industry in Malaysia.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) continues to be committed to upholding syariah-compliant investments in Malaysia and strengthen its position as an investment institution with products that comply with syariah principles.

PNB head of syariah management department Dr Ahmad Basri Ibrahim said it aspires to progress with more significant achievements through the continuous implementation of its initiatives to assist in encouraging stability and growth of the Islamic investment industry in Malaysia.

PNB is committed to generating sustainable returns for its stakeholders and at the same time, proactively plays its role in safeguarding the public trust in its syariah-compliant investment operations.

“PNB has its own mandate entrusted by the government and not based solely on profit, hence its important for PNB to operate a strong process from end to end in selecting investments. We are always cautious as PNB invests using money from unit holders, that is, the Malaysian people.

“PNB has its own asset class and is not easily influenced by the investment trends of other companies. We only invest with conviction,” he told a media briefing recently.

As of Dec 31, 2020, assets under management of the biggest fund manager in Malaysia continued to increase to RM324.5bil.

PNB also has its own syariah advisory panel to monitor matters relating to PNB and Amanah Saham Nasional Bhd unit trust fund investments. — Bernama

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