1Meanwhile, the Asset Under Management (“AUM”) of Islamic fund management had risen by 20.1% to RM216.8 billion as at December 2020, from RM180.52 billion as at end-2019. 3Why Shariah-compliant funds? Investing in Shariah-compliant funds merely refers to investing in financial products that are in accordance with Shariah law. In a nutshell, a Shariah-compliant unit trust fund is a collective investment fund that offers investors the opportunity to invest in a diversified portfolio of Shariah-compliant shares, Shariah-compliant fixed-income securities, and other Shariah-compliant money market instruments. Hong Leong Islamic Asset Management Sdn Bhd (“HLISAM”), a subsidiary of HLAM, is a licensed Islamic fund management company that offers solutions tailored specifically to manage investments of corporates and high net-worth individuals.

Source: The Edge Markets August 26, 2021 10:58 UTC