Malaysia's First Shariah-Compliant Green Tech Fund

Published on:
by KnowESG
KnowESG_RHB Islamic first shariah-compliant sustainable technology fund
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RHB Islamic International Asset Management Berhad (RHBIIAM), the Islamic fund management arm of RHB Banking Group, has successfully launched the RHB i-Sustainable Future Technology Fund.

This groundbreaking fund is Malaysia's first Shariah-compliant sustainable technology offering, providing investors with access to responsible and sustainable technology companies that contribute positively to global challenges.

The Fund operates within a Shariah-compliant framework, focusing on investments that address pressing issues such as climate change, resource constraints, poverty, inequality, and an aging population.

Recognising the growing demand for sustainable investments, RHBIIAM has partnered with Janus Henderson Investors as the Investment Adviser for the RHB i-Sustainable Future Technology Fund.

This collaboration enables investors to tap into Janus Henderson's extensive industry expertise and global network, expanding the range of Sustainable & Responsible Investments (SRI) products offered.

Mohd Farid bin Kamarudin, CEO of RHBIIAM, expressed their commitment to creating a positive impact in the investment landscape, aiming to achieve RM100 million in Assets Under Management (AUM) within the first year of the Fund's launch.

The investment approach of the RHB i-Sustainable Future Technology Fund combines a bottom-up strategy with a thematic sustainable technology overlay. By identifying under-appreciated growth opportunities and profitable companies, the Fund aims to deliver positive environmental and social benefits while adhering to Shariah principles.

Andrew Hendry, CEO of Janus Henderson Investors Singapore, emphasised the belief that responsible innovation and disruption can drive positive change, offering investors the opportunity to benefit from sustainable technology advancements.

RHB Asset Management Sdn. Bhd. and RHBIIAM established the RHB Sustainability Framework in 2019, integrating sustainable practices into their businesses and operations. The framework aligns with the RHB Banking Group's Sustainability Strategy and Roadmap, which aims to mobilise RM20 billion in Sustainable Financial Services by 2026.

RHBAM and RHBIIAM already offer seven ESG and SRI-qualified funds, including the RHB i-Global Sustainable Disruptors Fund and the RHB Global Impact Fund. With a combined AUM exceeding RM1.2 billion as of April 2023, these funds provide investors with a range of sustainable investment strategies, encompassing both conventional and Islamic approaches.

For more information about the RHB i-Sustainable Future Technology Fund and other funds, please visit www.rhbgroup.com/myinvest.

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Source: Hubbis

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