MALAYSIA: Bank Muamalat Malaysia has launched the Muamalat-i Global Equity Algorithm Fund (MiGLOBE) through its wholly owned asset management subsidiary, Muamalat Invest, offering a Shariah compliant global equity investment solution with a minimum investment of RM500 (US$122).
The fund adopts an algorithm-driven investment strategy with systematic portfolio construction, continuous monitoring and monthly rebalancing to provide diversified exposure to equities across developed and emerging markets. Bank Muamalat said the launch forms part of its strategy to strengthen its wealth management business and expand access to Shariah compliant global investment opportunities for retail investors.
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