SHAH ALAM - Bank Islam Malaysia Berhad (Bank Islam) has formed a strategic partnership with Nomura Asset Management Malaysia (Nomura), marking its first direct collaboration with a global asset management firm.
The partnership aimed to expand Bank Islam's portfolio of Syariah-compliant financial offerings, providing customers with access to six investment products.
In a statement, Bank Islam announced that the newly introduced funds included the Nomura Global Syariah Semiconductor Equity Fund, Nomura Global Syariah Sustainable Equity Fund, Nomura Global Syariah Strategic Growth Fund, Nomura i-Income Fund, Nomura i-Cash Fund, and the Nomura i-Income Fund 2.
These products were designed to align with Islamic financial principles while addressing the growing demand for sustainable and ethical investment opportunities.
Bank Islam's Wealth Management Director Sarah Muttalib, highlighted the importance of collaboration and reaffirmed the bank's dedication to delivering innovative and relevant financial solutions for its customers.
"As the Bank that advances prosperity for all, we are committed to providing innovative and relevant financial solutions for our customers.
"Nomura aligns perfectly with Bank Islam's values and is renowned for its commitment to sustainability and ethical practices grounded in Environmental, Social and Governance (ESG) principles.
"Together, we aim to deliver innovative investment solutions that meet our clients' financial aspirations and contribute positively to society and the environment,” she said.
Meanwhile, Nomura’s Managing Director and Country Head, Leslie Yap expressed his excitement about the partnership.
"With Bank Islam, Nomura expands its reach to a broader investor base as demand for Syariah-compliant and sustainable funds grows amongst investors.
"As an ideal partner to distribute our funds, Bank Islam possesses extensive experience in the Syariah financial industry as well as a strong distribution network,” he said.
This partnership was part of Bank Islam's broader efforts to offer comprehensive financial services tailored to the diverse needs of its clients.
In addition to unit trust investments, which now included Nomura’s Syariah-compliant funds, the bank’s portfolio also featured Takaful protection, estate planning, and capital market products.
The introduction of Premier Wealth Banking further demonstrated Bank Islam's commitment to providing high-level expertise and personalised financial advice for clients seeking tailored solutions.
"At Bank Islam, we provide a diverse range of financial products and services designed to meet the evolving needs of our clients, from wealth accumulation and protection planning to retirement strategies.
"Our Islamic Wealth Management offerings, rooted in the concept of 'From Cradle to Hereafter,' are inclusive, catering to all Muslim and non-Muslim clients.
"We are dedicated to enhancing opportunities for local investors by expanding access to Syariah-compliant investment options, empowering them to make informed and ethical financial decisions,” Sarah added.
Through this collaboration, Nomura’s Syariah-compliant investment funds became available to Malaysian investors via Bank Islam’s distribution network, which included branches nationwide.
Investors interested in these products could find more information on Bank Islam's website or visit their nearest branch for personalised guidance.
For more details, customers were encouraged to visit www.bankislam.com/personal-banking/wealth-management/.