Manulife Asset Management Services Berhad (MAMSB) has been named the Most Outstanding Islamic Asset Management Company in Malaysia by the Kuala Lumpur Islamic Finance Forum (KLIFF). This award acknowledges and honours the efforts and contributions by MAMSB in developing the Islamic finance industry.
The award was presented by Dato’ Wira Othman Aziz, Deputy Finance Minister I, Ministry of Finance, Malaysia, at the 14th KLIFF Islamic Finance Awards Ceremony held at Hotel Istana, Kuala Lumpur.
Jason Chong, Chief Executive Officer and Executive Director of MAMSB said, “It gives us great honour to be recognised as the Most Outstanding Islamic Asset Management Company by KLIFF Islamic Finance Awards 2017. This award is a testament to the strategic progress that MAMSB has made in capturing significant market opportunities in the Shariah-compliant investment space while further leveraging our deep local expertise in terms of portfolio management and investment advisory services.”
Bank Negara Malaysia is committed to ensure Malaysia remains a leading international Islamic financial centre. Driven primarily by the expansion of unit trust funds, assets under management for Islamic funds in Malaysia grew 13% to RM149.6 billion in 2016, accounting for around 21% of Malaysia’s fund management industry.
MAMSB offers a suite of 16 Shariah-compliant funds covering equity, sukuk, mixed assets, money market and Private Retirement Scheme. As of 31 August 2017, the total AUM of MAMSB’s Islamic funds stands at more than RM1.75 billion. In addition, 70% of the Shariah-compliant unit trust funds are EPF-Members Investment Scheme approved.
Over the last ten and a half years, the AUM growth of MAMSB’s Shariah-compliant funds has averaged an impressive +21% p.a. versus total Unit Trust industry growth of 16% p.a.
For the past seven years, four of MAMSB’s Shariah-compliant funds have been award winners and these funds have won a total of 15 “Best Fund” awards for 3-Year &/or 5-Year fund performances from esteemed bodies like Kuala Lumpur Islamic Finance Forum – Islamic Finance Awards, Thomson Reuters Lipper Fund Award – Global Islamic and The Edge | Thomson Reuters Lipper Malaysia Fund Awards.