Maybank Islamic Asset Management Licenses IdealRatings Equity Screening Solution for its Shariah Funds.
San Francisco - Kuala Lumpur, 24 October 2016 – Maybank Islamic Asset Management Sdn Bhd ("Maybank Islamic AM"), a wholly owned entity of Maybank Asset Management Group Berhad (“MAMG”), has licensed the IdealRatings Equity Screening solution to screen the market data universe for shariah compliance, in accordance to the shariah rulebooks, for the investment management of shariah mandates and funds.
IdealRatings is incorporated in San Francisco, is a global leader in screening market data solutions for the Islamic Capital Market and ESG/SRI segments of the Asset Management industry. Global and leading Asset Management companies’, licenses IdealRatings solutions, to provide them with accurate, to-date market data accompanied with the state of art solution platform, to generate an investible universe in accordance to the Investment Mandates provided to the Asset Management companies.
Maybank Islamic AM focuses its investment expertise and experience in managing Islamic mandates, and is strategically positioned to provide corporates and institutions, high net-worth and individual investors' a gateway to an array of Shariah-compliant investment solutions investing in multi-asset class across diversified geographic regions.
With the selection of the IdealRatings solutions, funds can be structured by utilising the data from the system to generate investible universes, managing the portfolios for shariah compliance and fund dividend purification.
Mr. Mohammad Donia, CEO, IdealRatings Inc., comments, "We are committed and excited to partner with Maybank Islamic AM, one of the leading Islamic Asset Management company in the industry. Maybank Islamic AM’s initiative to provide shariah compliant funds for its customers in ASEAN is far-sighted and I am certain that these funds will further provide impetus to the growth of Islamic Funds in Asia. We are certain that the IdealRatings Equity solution will provide Maybank Islamic AM with the required system functionalities, for them to manage the existing and new Islamic funds to be structured in the coming years.”
Mr. Najib Nazlan, CEO at Maybank Islamic Asset Management, said, “We are impressed with the range of services offered by IdealRatings as they fulfil our expanding regional business needs. We are confident that this appointment will further enhance our investment advisory capabilities in the Shariah space and propel our company forward.”
About Maybank Islamic Asset Management
Maybank Islamic Asset Management (“Maybank Islamic AM”) is wholly-owned by Maybank Asset Management Group (“MAMG”). MAMG is the holding entity for all Maybank’s asset management and private equity businesses. Maybank Islamic AM, based in Malaysia, was incorporated on 15 April 2013 and is a holder of capital markets services licence to carry out Islamic fund management business pursuant to Section 61 of the CMSA.
As at 30 September 2016, Maybank Islamic AM’s total assets under management is approximately MYR 13.04 billion.
About Maybank Asset Management Group
MAMG is one of the pioneers in the local asset management industry with over 30 years of experience specialising in Asian markets. It has presence across three (3) Asean key markets namely, Malaysia, Singapore and Indonesia offering Asian based investment solutions encompassing both conventional and Islamic assets. In addition to fund management services, MAMG also offers alternative investment solutions through its private equity arm. The portfolio management services cater to all types of investors including corporate and institutions, high net-worth individuals and mass retail.
MAMG’s asset under management (“AUM”) stood at MYR 25.04 billion as at 30 September 2016.
About IdealRatings, Inc.
IdealRatings, incorporated in San Francisco, is a global solutions provider for faith-based and ESG/SRI investments. The database solutions for Equities, REITs and Sukuk are comprehensive for Global Fund Managers. IdealRatings also calculates custom-built Indexes and benchmark indexes for Asset Mangers who requires customized solution for their mutual funds. IdealRatings solutions are licensed by the leading, Global Asset Managers, in over 25 countries.
For further information about IdealRatings:
425 Market Street, San Francisco, CA 94105
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