KUALA LUMPUR: Bank Muamalat Malaysia Bhd and Phillip Capital Group Malaysia are targetting an investment of RM100mil within five years through syariah-compliant online private managed accounts and unit trust funds.
Director of retail banking Zury Rahimee Zainal Abiden said that as of Nov 7, 2022, the new investment products had already collected RM1.2mil during its two-week pre-launch period.
“The strategic partnership is expected to enable affordable sophisticated investment products to be accessible to high-net-worth customers and mass market customers,” he said at the launch of the private managed accounts and agreement signing ceremony between both parties.
Phillip Capital Management executive director Alfred Loke Ka Wai was also at the launch.
