Deutsche Trustees Malaysia Berhad Shariah-compliant
July 15, 2019

Deutsche Trustees Malaysia Berhad (DTMB) has 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 says its Islamic assets under management have grown by 68 percent between 2015 and 2018, and the company remains a key player in the Islamic market in Malaysia, having been appointed as trustee for 13 percent of the Islamic collective investment schemes in the market.

Richard Lim, Chief Executive Officer of DTMB, said: "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."

Deutsche Bank adds that it 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.





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Deutsche Trustees Malaysia Berhad (DTMB) has 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 says its Islamic assets under management have grown by 68 percent between 2015 and 2018, and the company remains a key player in the Islamic market in Malaysia, having been appointed as trustee for 13 percent of the Islamic collective investment schemes in the market.

Richard Lim, Chief Executive Officer of DTMB, said: "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."

Deutsche Bank adds that it 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.



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