Maybank Asset Management Singapore (MAMS) has launched Singapore’s first Shariah-compliant balanced fund.

The Maybank Asian Growth and Income – Islamic Fund offers investors a mix of securities across Shariah-compliant Asian stocks, global sukuks as well as gold ETFs. The fund targets to achieve a potential monthly dividend payout of 5% per annum and an annual return of 6% to 7%. 

MAMS CEO Goh Keat Jin says the launch of the fund is an extension of Maybank’s efforts to expand its suite of wealth management solutions to investors. This includes serving the wealth accumulation objective of the Islamic communities in Singapore, Malaysia and Indonesia. 

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