RHB Asset Management eyes RM100mil sales from new Shariah multi-asset fund

KUALA LUMPUR: RHB Asset Management Sdn Bhd is targeting RM100 million in sales within the first year of its newly launched RHB Shariah Multi Asset Fund.
The fund offers investors an all-in-one shariah-compliant solution providing global diversification across a range of asset classes, including equities, listed real estate, sukuk and commodities.
RHB Asset Management said in a statement that the new fund will primarily invest in the US dollar-denominated share class of the HSBC Global Funds ICAV – Shariah Multi Asset Fund, the target fund, which strategically allocates investments across a broad spectrum of instruments.
"This includes equities, fixed income securities, eligible collective investment schemes, other transferable securities, cash, and foreign direct investments.
"This initiative is a direct response to the growing demand for shariah-compliant investment solutions, particularly within the global multi-asset space," it said in a statement.
RHB Asset Management said the launch is in collaboration with HSBC Bank Malaysia Bhd. The bank will serve as the initial distributor while HSBC Global Asset Management (UK) Ltd will act as the target fund manager.
The collaboration and product launch with HSBC Bank demonstrates its agility in meeting evolving investors' needs and increasing awareness of its diverse range of shariah-compliant investment offerings, the statement said.
At the same time, RHB Asset Management emphasised that the initiative is expected to strengthen its brand recognition, deepen relationships with existing investors, capture new investor segments, and drive growth in assets under management for shariah-compliant funds.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

The Star

an hour ago

• The Star

SC adds 59 entities to investor alert list in 1Q

KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. "In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. "Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed "Bijak Labur, Hidup Makmur'. - Bernama

New Straits Times

3 hours ago

• New Straits Times

PM: We're cutting debt gradually to keep investors' trust [WATCH]

PUTRAJAYA: The government is committed to gradually reducing the national debt while safeguarding economic growth and maintaining investor confidence, said Prime Minister Anwar Ibrahim. In his address at the Finance Ministry's monthly assembly, Anwar said efforts had been ongoing to reduce the fiscal deficit from 5.5 per cent in 2022 to a projected 3.8 per cent this year. "Some people ask why we must reduce it so sharply — why not just channel more to the people? "But if we don't, we lose trust from investors, and trust is critical. Leadership and economic stewardship require making policies we genuinely believe in. "With trust comes the ability to solve wider issues — from revenue generation and job creation, to overall economic development," he said. Anwar, who is also the finance minister, rejected claims that the government's focus on reducing debt came at the expense of the people's welfare, saying it was part of a long‑term strategy that required prudent and measured management. He said the total national debt had decreased from RM100 billion in 2022 to RM90 billion in 2023, RM85 billion in 2024, and was expected to drop to RM80 billion this year. "Since we came into office in 2022, we have reduced the debt by RM20 billion," he said. Anwar added that resolving the national debt could not be done hastily, and required patience and a gradual approach. "It's like when a son inherits a company after his father's death and finds RM50,000 in debts. He can't wipe it out in a year — it has to be resolved step by step," he said. In March, Finance Minister II Datuk Seri Amir Hamzah Azizan announced the government's commitment to reducing the fiscal deficit to 3.8 per cent in 2025, in line with its long‑term goal of bringing it down gradually and consistently — from 5.5 per cent in 2022, to five per cent in 2023, and 4.1 per cent last year. He said this approach would also slow the rise in total debt by reducing new borrowings each year — from nearly RM100 billion in 2022, to RM92.6 billion in 2023, and roughly RM77 billion last year.

Barnama

3 hours ago

• Barnama

SejaTi MADANI: Value-added Catfish Products Help Boost Community Income

PASIR SALAK, June 20 (Bernama) -- The Sejahtera Komuniti MADANI (SejaTi MADANI) programme has proven effective in strengthening the local economy, particularly for the urban poor and communities in rural and remote areas. Perak Menteri Besar's special officer for the Kampung Gajah state constituency, Khairul Azwan Harun, said that with a government grant of RM100,000 under the SejaTi MADANI initiative, the community of Kampung Makmur near Kampung Gajah here has achieved notable success through the production of value-added products derived from catfish farming in canvas ponds. "The Kampung Makmur community now has three main downstream products, namely catfish balls, cakes, and butter garlic herb fillets, all produced entirely by participants of the SejaTi MADANI programme. "This project not only generates income from fish farming but also imparts new knowledge and helps increase the income of local residents through the creation of downstream products," he told Bernama after launching the products under the SejaTi MADANI programme by the Kampung Makmur Village Development and Security Committee (JPKK) at Pasir Salak Community College here today. He also reminded recipients of SejaTi MADANI funds to ensure that the allocations bring positive impact to the local community. "Participants must realise that the SejaTi MADANI programme, initiated by Prime Minister Datuk Seri Anwar Ibrahim, is meant to help the community grow their economy," he said. Meanwhile, Kampung Makmur JPKK chairman Muhammad Fauzi Ahmad Shaharudin said the launch of the downstream products marked the continuation of the catfish farming project undertaken by the community in September last year. "Following the success of our catfish farming, we began a new chapter by developing downstream products, and a total of 17 JPKK members took part in an intensive training series at Pasir Salak Community College from May 21 to June 12," he said. He added that in addition to processing techniques, participants also received training in packaging, labelling, digital marketing, and accounting to ensure they not only produce quality goods but are also capable of managing and promoting their business effectively.