BIMB Investment launches Bank Islam Premier Fund for sophisticated investors with target of 5% annual income

KUALA LUMPUR, 23rd November 2020 - BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today  announced the launch of Bank Islam Premier Fund (‘BIPF’), a wholesale Shariah-Mixed Assets Fund that targets an annual income distribution.

Commenting on the launch of BIPF, BIMB Investment Chairman, Mohamed Ridza Mohamed Abdulla, said, “We are pleased with the launch of Bank Islam Premier Fund that offers innovative investment opportunities to sophisticated investors. Bank Islam Group continues to offer holistic and comprehensive funds and wealth management solutions throughout its 148 branches nationwide. Bank Islam Premier Fund further adds the depth and breadth of Bank Islam wealth management solutions for the affluent and high net worth client segments.”

Sophisticated investors can now explore new investment opportunities with BIPF that provides a potential average return of 5% per annum for five years with medium to high-risk investment. It is equipped with flexible investment solutions with no lock-in period and no withdrawal charges. The Fund is available with an initial investment amount of RM30,000 and minimum additional investment of RM15,000 starting 17 November 2020 at all Bank Islam branches nationwide. The initial offer price for BIPF is RM1.00 per unit during its initial offer period of 45 days, starting from 17 November 2020 until 1 January 2021.