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Bank Islam, OpusAM partner to offer Shariah-compliant investments
Bank Islam, OpusAM partner to offer Shariah-compliant investments

The Star

time22-07-2025

  • Business
  • The Star

Bank Islam, OpusAM partner to offer Shariah-compliant investments

From left: Bank Islam director of wealth management Datin Zaharah Abd Muttalib, Bank Islam group chief business officer-retail banking Mizan Masram, Chairman of the Board, Opus Islamic Asset Management Noorshidah Ismail, and Opus Asset Management, group managing director Siaw Wei Tang. KUALA LUMPUR: Bank Islam Malaysia Bhd and Opus Asset Management Sdn Bhd (OpusAM) signed a memorandum of understanding (MoU) to form a strategic partnership aimed at providing a suite of curated Shariah-compliant investment solutions for new and existing Bank Islam clients. Bank Islam group chief business officer for retail banking, Mizan Masram, said the strategic collaboration with OpusAM reinforces the bank's commitment to providing customers with diversified investment opportunities and viable alternatives beyond traditional fixed deposits. 'OpusAM's range of fixed income funds is designed to cater to diverse financial goals, while providing liquidity and stability. Through this collaboration, we aim to empower clients to grow and preserve their wealth with confidence, grounded in prudent investment strategies and the principles of ethical finance,' Mizan said in a statement. Effective July 15, Bank Islam has become a new distribution partner for OpusAM's investment products, including the Opus Shariah Cash Extra Fund, Opus Shariah Income Fund, and Opus SRI Sukuk Fund (Class B). These products are now available through the bank's nationwide network of more than 100 branches. 'With the rise of fraudulent investment schemes promising unrealistic returns, many individuals have fallen victim to scams. At OpusAM, we are committed to promoting fixed income investments as a reliable and stable savings option, ensuring greater capital preservation for investors in times of global economic uncertainties,' OpusAM group managing director Siaw Wei Tang said. 'Through this partnership, we aim to provide Bank Islam's clients with broader access to our Shariah-compliant fixed income products, catering to both short-term and long-term investment horizons,' he added.

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