Kuala lumpur: BIMB Investment Management Bhd (BIMB Investment), a subsidiary of Bank Islam Malaysia Bhd, has launched the BIMB Opportunities Fund (BOF), a Shariah-compliant fund targeting small-cap stocks, with a target fund size of RM50 million this year. Bank Islam Group chief business officer for institutional banking, Sharifah Sarah Syed Mohamed Tahir, stated that the fund aims to deliver annual returns of between eight per cent and 10 per cent, subject to market conditions.
According to BERNAMA News Agency, Sharifah Sarah expressed strategic intent in stock selection, focusing on small-cap stocks on Bursa Malaysia. The investment in small companies promotes the necessity for them to remain Shariah-compliant due to existing demand. She highlighted that the target fund size for the year is RM50 million, with growth in the Malaysian economy driven by small- and mid-cap companies, particularly in the first quarter of the year.
Sharifah Sarah mentioned the company's primary focus on retail investors, aiming for more than 70 per cent of the fund's investors to be from this segment. BIMB Investment's CEO, Amran Zaki Mohd Nasir, emphasized the potential of small-cap stocks, citing examples like Inari Amertron Bhd and Press Metal Aluminium Holdings Bhd, which started small and grew significantly.
At the launch event, several notable figures were present, including BIMB Investment chairman Datin Maznah Mahbob and Bank Islam Group chief business officer, retail banking, Mizan Masram. Bank Islam announced that the BOF is offered in ringgit denomination, with a minimum initial investment of RM500 and subsequent investments starting from RM200, making it accessible to a broad range of investors.
BIMB Investment manages 17 investment funds, in addition to private mandates, including seven Shariah-compliant Sustainable and Responsible Investment (SRI) funds. The total assets under management are approximately RM1.7 billion as of April 30, 2026. Investors can subscribe to BOF through Bank Islam Customer Care, email, or by visiting any Bank Islam branch. Further information and the fund's daily price are available on BIMB Investment's website.