Kenanga Investors appointed fund manager for Dana Wakaf Bencana | Taiwan News
KUALA LUMPUR, MALAYSIA – Media OutReach – November 18, 2021 – Kenanga Investors Berhad (“Kenanga Investors”) has been appointed fund manager for Dana Wakaf Bencana (“Emergency Waqf Fund”), an emergency relief fund created with the aim of channeling resources to people affected by climate change-related disasters as well as future pandemics.
From left to right:
Tuan Haji Syed Zafilen Syed Alwee, Chairman of the Board of Directors, Kenanga Investors Berhad
Senator Tuan Haji Idris bin Haji Ahmad, Minister to the Prime Minister (Religious Affairs)
Charles Hay, British High Commissioner to Malaysia
Prof Madya Dr Amir bin Shaharuddin, CEO, Yayasan Waqaf Malaysia
Suhana sidik, member of the MATCH Foundation and member of the board of directors of MRCS
On November 10, Kenanga Investors as fund manager, along with Yayasan Waqaf Malaysia (waqf administrator) and MATCH Foundation (distribution agency), signed a memorandum of understanding to ensure that funds raised are invested and distributed in accordance with to the principles of waqf. The signing took place in the presence of Senator Tuan Haji Idris bin Haji Ahmad, Minister of the Prime Minister’s Department (Religious Affairs) and Mr. Charles Hay, British High Commissioner to Malaysia.
“We are honored to have been appointed as fund manager for the Emergency Waqf Fund in accordance with the 12e Malaysian plan (RMK-12) and government intention to increase efficiency in waqf management. We look forward to providing support to the waqf institution through the establishment of an emergency fund governance structure through this strategic partnership which will see the rapid deployment of resources to areas in need. Said Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer. He further explained that this appointment is attributed to Kenanga Investors background in fund management and experience in managing waqf assets through the Kenanga Waqf Al-Ihsan Fund which was launched in April 2021.
The Emergency Relief Fund will receive part of the R10 million allocated in the 2022 budget as part of its initial seed funding, announced in October 2021. Funds received from institutional investors would be invested directly into an established wholesale fund. by Kenanga Investors who will manage and invest it accordingly, in accordance with the proposed fund structure. The derived income will be distributed to investors and YWM respectively. YWM will then channel the percentage of funds allocated to the MATCH Foundation for the activation of the emergency response so that returns reach communities at risk.
In Malaysia, the Foreign Commonwealth and Development Office (“FCDO”) appointed PwC Malaysia as a consultant for the Islamic social finance space, which then signaled the need to create an emergency fund to mitigate related disasters. climate and protect the lives and livelihoods of these people. the most vulnerable. The FCDO, under the umbrella of the British High Commission, manages the Financial Services and Intellectual Property Program (“Program”) to enhance economic growth by addressing issues of poverty and inequality in developing countries. ‘South East Asia.
“The program is an international effort and operates in six countries which are Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam. It provides technical assistance to Malaysia’s Year 1 of the reform program economic prosperity of ASEAN through six lines of work: FinTech, Accounting Standards, Intellectual Property, Anti-Money Laundering and Financial Crime, Capital Markets and Islamic Finance.
“Kenanga Investors recognizes the importance of a company driven by ESG considerations and objectives, and social responsibility is a major aspect of this agenda. It is our responsibility, on behalf of asset owners, to generate positive environmental, social and governance impact through their investments. . With this appointment, we hope to take impact investing in Malaysia to new heights, ”says De Alwis.
For more information on Kenanga Investors Berhad, please visit www.kenangainvestors.com.my.
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More recently, the FSMOne Recommended Unit Trusts Awards 2021/2022, named Kenanga Balanced Fund as “Balanced – Malaysia” for the third year, Kenanga ASnitaBOND Fund as “Core Fixed Income – Malaysia (Islamic)” for the second time, while Kenanga OnePRS Conservative Fund received the title “Private Retirement Scheme – Conservative” (3rd year).
At the Refinitiv Lipper Fund Awards 2021 (Malaysia), KIB won the best Malaysia Islamic Funds Group Awards (Equity) and Malaysia Provident Funds Group Awards (Mixed Assets). The Kenanga SyariahEXTRA fund received the “Mixed Asset MYR Balanced – Malaysia” award for 3 years and 5 years in the two categories of Malaysia Islamic Funds and Malaysia Provident Funds, while the Kenanga Growth Opportunities Fund won the “Equity Malaysia Small & Mid-Caps “for 3 years in the Malaysian Provident Fund category. The Kenanga SyariahEXTRA fund also won the “Mixed Asset MYR Balanced – Malaysia” award for 3 years and 5 years at the Refinitiv Lipper Fund Awards 2021 (Global Islamic). Hong Kong-based Asia Asset Management’s Best of the Best 2021 awards awarded KIB in the following categories, Malaysia – Best Equity Manager, Malaysia CIO of the Year, Malaysia – Best Islamic Fund (Equity) and Malaysia Best House for Alternatives.
For the fifth year in a row, KIB has been awarded an IMR-2 investment manager rating by Malaysian Rating Corporation Berhad, since the first rating in 2017. KIB’s IMR rating reflects well-established investment processes and best practices of risk management of the fund management company. During the first half of 2021, KIB’s 20 largest mutual funds outperformed their benchmarks for the one-year, three-year and five-year periods.