A 6.02% income distribution yield was declared by BIMB Investment for its Global Shariah-ESG Equity Fund.

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The following income distribution has been made by BIMB Investment Management Berhad (BIMB Investment), a wholly owned subsidiary of Bank Islam Malaysia Berhad (Bank Islam), for the BIMB-ARABESQUE i Global Dividend Fund 1 (BiGDF1) or (the Fund) for its fiscal year ending 31 March 2024:

Fund Name  Asset Class  Yield (%)  Sen/cent per unit
BIMB-ARABESQUE i Global Dividend Fund 1 RM  6.02%  2.90
USD  6.12%  2.90
RM Hedged  6.19%  2.80
SGD  6.10%  2.60

BIMB Investment’s Chief Executive Officer, Azdini Nor Azman, said, ‘‘We would like to thank our  unitholders for their unwavering support and trust in our BiGDF1. Their confidence has translated  into a strong performance, resulting in income distributions of 2.90 sen/cent per unit for the RM  Class and USD Class, 2.80 sen/cent per unit for the RM Hedged Class, and 2.60 sen/cent per  unit for the SGD Class. The income distribution yield of the Fund is 6.02% for the RM Class,  6.12% for the USD Class, 6.19% for the RM Hedged Class, and 6.10% for the SGD Class.” 

Azdini Nor Azman BIMB Investment CEO 1

She adds, “With BiGDF1, the landscape of fund management is evolving through the financial  technology solution that constructs investment portfolios focusing on capital growth while effectively managing market volatility, conducting data analysis, and making intuition-free  decisions. BiGDF1 seamlessly incorporates Shariah values and environmental, social and  governance (ESG) principles, harnessing the power of Artificial Intelligence (AI) technology to  provide consistent, sustainable performance. Our dedication remains firmly rooted in delivering  value and sustainable performance with risk management at the forefront of our commitment to  investors.” 

BiGDF1, first introduced in November 2015 and relaunched in 2019 for retail investors, is one of  the largest Shariah global equity funds in Malaysia, with more than RM200 million in fund size as  of 31 August 2023, according to the Refinitiv Lipper IM rank. The Fund was awarded Best ESG  Equity Fund 2020 by The Asset Islamic Finance Awards 2020. The Fund seeks long-term capital  appreciation and provides investors access to investments in Shariah-compliant global equities. 

It suits investors seeking exposure to Shariah-compliant global developed markets equity, with  moderate to high-risk tolerance and a 5-year or more investment horizon. The Fund invests a  minimum of 90% of the Fund’s net asset value (NAV) into the Target Fund and a maximum of  10% of the Fund’s NAV into Islamic fixed deposits, Islamic money market instruments, and/or  Islamic liquid markets. The Fund rebalances its portfolio daily between equity and cash for  sustainable risk-adjusted investment returns and to reduce risks and drawdowns during failing  markets. The minimum initial investment amount is RM500 for the RM Class and the RM Hedged  Class, SGD500 for the SGD Class, and USD500 for the USD Class. 

Bank Islam’s Group Chief Executive Officer, Mohd Muazzam Mohamed, said, “The Bank Islam  Group remains committed to incorporating Shariah principles within the Group and considering  ESG factors. This commitment aims to enhance resilience and foster financial inclusion for  everyone. We believe ESG-focused investments are poised to become the prevailing trend, and  companies that prioritise ESG considerations will excel and demonstrate greater long-term  resilience.” 

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