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CIMB-Principal Islamic establishes three Islamic funds towards attracting global investors

Posted on 17 January 2012

CIMB-Principal Islamic Asset Management Sdn Bhd (CIMB-Principal Islamic), a joint-venture local Islamic global asset management company between CIMB Group Holdings Bhd (CIMB) and Principal Global Investors, has obtained the approval from the Central Bank of Ireland for the establishment of CIMB-Principal Islamic Asset Management (Ireland) Public Ltd.
The CIMB-Principal Islamic Asset Management (Ireland) Public Ltd would be the first Malaysian-based international Islamic funds platform domiciled in Dublin, acting as an investment manager of a Dublin-based ‘Undertakings for Collective Investment in Transferable Securities’ (UCITS) for Islamic funds. ……………………………………….Full Article: Source

 
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