Deutsche Bank unit gets Malaysia's first Shariah-compliant certification

Pedro Gonçalves
clock • 1 min read

Deutsche Trustees Malaysia Bhd has obtained the nation's first Shariah-compliant certification for its Islamic trustee business operations. The certification comes from Amanie Advisors Sdn Bhd, a private 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% of the Islamic collective investment schemes in the market, which the Securities Commission estimated was worth 158.8 billion ringgit ($39bn) in 2018. Richard Lim, chief execut...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?