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Article: AFM aims to boost Islamic funds to RM1.3b

Article from:
New Straits Times
Article date:
August 5, 2009
Copyright

New Straits Times
08-05-2009
AFM aims to boost Islamic funds to RM1.3b
Edition: Main/Lifestyle
Section: Business Times
Type: Company

NEWLY-launched AmIslamic Funds Management Sdn Bhd (AFM) expects to boost its Islamic funds under management to around RM1.3 billion by the fiscal year ending March 31 next year, from about RM1 billion now.

AFM, owned by the AmInvestment Bank Group, plans to launch at least four Islamic products by then for the domestic market, said Datin Maznah Mahbob, chief executive officer of the bank's funds management division.
AFM was set up after receiving its Islamic fund management licence in January this year.

Previously, the banking group's Islamic funds were ...

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