Maybank Asset Management Launches first syariah-compliant retail investment fund with Waqf feature

Maybank Asset Management Sdn Bhd (MAM) has launched its first syariah-compliant retail Islamic investment fund with Waqf feature, Maybank Mixed Assets-I Waqf Fund with an initial fund size target of RM50 million.

Chief executive officer Ahmad Najib Nazlan said the fund aims to generate annual income using Waqf allocation with Yayasan Waqaf Malaysia (YWM) appointed as the Waqf recipient and asset administrator.

Read more here