CIMB-Principal Asset Management Berhad (“CIMB-Principal” or “the Company”) announced the launch of its CIMB Islamic Global Equity Fund (“the fund”), the latest addition to its suite of 20 Islamic funds. The fund offers Malaysian retail and corporate investors an opportunity to tap into the growth prospects of global equities which are Shariah-compliant.
The fund aims to achieve long-term capital appreciation and offers investors diversification benefits by enabling access to equities in numerous emerging and developed markets.
The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.
In a press statement today, the central bank said that the global economy continues to strengthen with growth becoming more entrenched and synchronised across countries. Global trade has picked up significantly. In the advanced economies, both consumption and investment continue to improve.
The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from Saudi Arabia, have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an international exchange.
The partnership enables both entities to increase their presence in the Saudi Arabian and wider GCC Islamic Finance market, and attract the interest of regional Islamic financial institutions and banks.