ASM Investment Services Bhd, which aims to be a full-pledged syariah-compliant fund management company by the end of this year, will convert the remaining three unit trust funds into shariah-compliant assets, said its CEO Ameer Ali Mohamed.
ASM Investment, a subsidiary of Pelaburan MARA Bhd, manages 14 unit trust funds, of which 11 are already syariah-compliant. “We are changing all conventional funds into syariah-compliant funds in line with the our inspiration to make ASM Investment a syariah-compliant fund management company by year-end,” Ameer told reporters after the launch of four converted syariah-compliant funds……………………………………Full Article: Source