Deutsche Trustees Malaysia Berhad becomes the first trustee in Malaysia to obtain a Shariah-compliant certification
Deutsche Trustees Malaysia Berhad (‘DTMB’) today announced that it has obtained a Shariah-compliant certification for its Islamic trustee business operations, from Amanie Advisors Sdn. Bhd, a leading Shariah advisory firm.
DTMB’s Islamic assets under management have grown by 68% between 2015 and 2018, and the company remains a key player in the Islamic market in Malaysia, having been appointed as trustee for 13% [1] of the Islamic collective investment schemes in the market.
Richard Lim, Chief Executive Officer of DTMB, said: “We are proud to be the first trustee to receive this certification, which will give investors greater comfort in knowing that our processes for Islamic Funds meet the Shariah-compliant standards set by Amanie Advisors Sdn Bhd. By obtaining this certification, DTMB is well positioned to manage Islamic collective investment schemes looking for fully compliant trusteeship.”
“DTMB’s Shariah-compliant certification represents a significant development in the growing market for Islamic funds issued by Collective Investment Schemes. It is estimated that there the Islamic assets under management rose from RM158.83 billion in 2018 to RM170.07 billion in 2019 [2].”
Deutsche Bank was named Best Islamic Custodian in 2019 in Malaysia – for the third consecutive year, as part of The Asset magazine’s Triple A Islamic Finance awards.
_____________________________________________________ [1] Source: Securities Commission Malaysia, as of December 2018 [2] Source: Securities Commission Malaysia, as of April 2019
For further information, please contact:
Deutsche Bank AG Media Relations Karène Dufour Phone: +852 2203 7846 E-mail: karene.dufour@db.com
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
This press release has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/or affiliates (“DB”). Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and by the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority.
Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. Securities and investment banking activities in the United States are performed by Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, and its broker-dealer affiliates.
Lending and other commercial banking activities in the United States are performed by Deutsche Bank AG, and its banking affiliates. Copyright (C) 2019 Deutsche Bank AG
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Deutsche Trustees Malaysia Berhad (‘DTMB’) today announced that it has obtained a Shariah-compliant certification for its Islamic trustee business operations, from Amanie Advisors Sdn. Bhd, a leading Shariah advisory firm.
DTMB’s Islamic assets under management have grown by 68% between 2015 and 2018, and the company remains a key player in the Islamic market in Malaysia, having been appointed as trustee for 13% [1] of the Islamic collective investment schemes in the market.
Richard Lim, Chief Executive Officer of DTMB, said: “We are proud to be the first trustee to receive this certification, which will give investors greater comfort in knowing that our processes for Islamic Funds meet the Shariah-compliant standards set by Amanie Advisors Sdn Bhd. By obtaining this certification, DTMB is well positioned to manage Islamic collective investment schemes looking for fully compliant trusteeship.”
“DTMB’s Shariah-compliant certification represents a significant development in the growing market for Islamic funds issued by Collective Investment Schemes. It is estimated that there the Islamic assets under management rose from RM158.83 billion in 2018 to RM170.07 billion in 2019 [2].”
Deutsche Bank was named Best Islamic Custodian in 2019 in Malaysia – for the third consecutive year, as part of The Asset magazine’s Triple A Islamic Finance awards.
_____________________________________________________
[1] Source: Securities Commission Malaysia, as of December 2018
[2] Source: Securities Commission Malaysia, as of April 2019
For further information, please contact:
Deutsche Bank AG
Media Relations
Karène Dufour
Phone: +852 2203 7846
E-mail: karene.dufour@db.com
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
This press release has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/or affiliates (“DB”). Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and by the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority.
Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. Securities and investment banking activities in the United States are performed by Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, and its broker-dealer affiliates.
Lending and other commercial banking activities in the United States are performed by Deutsche Bank AG, and its banking affiliates. Copyright (C) 2019 Deutsche Bank AG
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