Another step forward in the development of Malaysia’s Islamic Personal Finance…

FROM July 1, Malaysians will be able to invest directly in Islamic funds distributed in the country, the Securities Commission (SC) said.

“Prior to this, local investors would have to invest in a feeder fund in Malaysia to gain exposure to foreign funds,” it said in a statement.

Dubai International Financial Centre (DIFC) Islamic funds could be offered to Malaysians next month.

www.thestar.com.my

• 2 New Islamic Funds from Public Mutual
• Public Islamic Select Bond Fund
• PB Asean Dividend & Islamic Cash Fund
• Public Mutual to Increase Fund Size
• Public Islamic Asia Dividend Fund
• AMIslamic to Launch New Takaful Plan
• MAAKL Launches 2 New Funds
• Pacific Mutual declares payout for 5 funds