Page 77 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 75
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

SUBSIDIARIES

Revenue
RM4.54 million

Assets Under Management
RM2.76 billion

MUAMALAT INVEST SDN BHD MISB is also working closely with selected foreign and local fund houses to
collaborate in launching unit trust funds that embed the principles of VBI into
Muamalat Invest Sdn Bhd (“MISB”) is its investment strategies encompassing ESG, SRI, SDG, Wakaf, and Green
the Bank’s Islamic Fund Management investment. VBI aims to re-orient Islamic finance business models towards
arm established in 2006. Licenced in realising the objectives of Shariah that generate positive and sustainable impact
2010, MISB focuses on institutional and on the economy, community and environment through practices, processes,
high net worth investors for its capital offerings and conduct. This is part of MISB’s strategy in venturing into the retail
market products and has been providing full market space.
Shariah-compliant investment management
services which include management of For FY2021, MISB recorded a total revenue of RM4.54 million and profit after
discretionary and non-discretionary mandates tax of RM0.9 million. Shareholders’ funds of MISB improved by 8%, contributed
for asset classes covering equity and sukuk; by profit after tax derived for the year. MISB’s profit for the year was driven
and provision of wholesale and retail fund principally by higher management fees earned from its retail money market
products for investments in various asset fund. As at the end of FY2021, MISB recorded RM2.76 billion in Assets Under
classes i.e. Islamic money market instruments, Management (AUM).
equities and sukuk.
Assets Under Management (Billion)
Performance Review
RM2.68 RM3.12 RM3.19 RM3.56 RM5.36 RM4.43 RM2.31 RM2.76
MISB’s business is currently contributed
largely by institutional clients in retail and
wholesale money market funds, wholesale
sukuk and private mandates. In FY2021, MISB
expanded its business into the retail space
via its Muamalat Invest Islamic Equity Fund
(“MIIEF”) and Muamalat Invest i-Institutional
Money Market Fund (“MINTMMF”), securing
a total Assets Under Management of RM2.20
billion.
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Dec 2019 Dec 2020 Dec 2021