INDONESIA - BANKING - Muamalat: Pension Fund of Funds under management reached Rp329, 95 billion

www.bisnis.com - JAKARTA: The total investment fund Pension Fund Indonesia Tbk, PT Bank Muamalat reach Rp329, 95 billion in 2011, grew 23.62% from Rp266, 89 billion a year earlier.

Based on the financial report published today (12/6), DPLK Muamalat allocate the majority of investment funds on deposit portfolio amounting to Rp279, 10 billion (84.58%). The remaining portfolio of mutual funds of Rp20, 48 billion (6.2%), shares of Rp20 billion (6.06%), sukuk Rp7, 36 billion (2.23%), and deposits on call Rp3 billion (0.9%).

Pension fund investments recorded a net income Rp23, 14miliar, grew 11.03% from Rp20, 84 billion.  (source)

INDONESIA - INVESTMENT FUND - Al-’Aqar mulls opening trust in Indonesia

www.btimes.com.my - Al-’Aqar Healthcare Real Estate Investment Trust, Malaysia’s oldest Islamic REIT, is considering opening a trust in Indonesia as the nation reviews its first application five years after legalizing such property companies.

Kuala Lumpur-based Al-’Aqar, which already owns two hospitals in Indonesia, would look at registering a trust in the Southeast Asian country provided it gets tax incentives and clearer rules on foreigners owning land are implemented, Executive Director Yusaini Sidek said by e-mail yesterday.(source)

INDONESIA - FINANCE - Bukopin Syariah hopes for Funds Management Government

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Bukopin aim of cooperation with the City of Jakarta to manage the financial area. BSB expects to be trusted as an assistant fund manager Bekasi.
"We hope the government is trusted by Bekasi as manager of government funds," said Director of BSB, Riyanto, told reporters on Monday (30/4).
BSB offered a bank opeasional Bekasi. It's just that it is judged to be easy because usually the management of local funds (local government) is always left to the local bank. To reach there, BSB takes a long time and against the existing system.
Therefore, BSB offered to manage the matching funds, such funds. Funds under management by Islamic Bukopin, said Riyanto, which is essential to economic benefits for the people of Jakarta.  (source)

MALAYSIA - FINANCE - Public Mutual launching new Islamic fund tomorrow - Indonesia on the list for investments

KUALA LUMPUR: Public Mutual, Malaysia's largest private unit trust company with 91 funds under management, is launching a new Islamic fund, Public Islamic Savings Fund, tomorrow.

"As the fund focuses its investments mainly in the domestic market, it offers investors an opportunity to capitalise on Malaysia's resilient economic growth prospects in the medium to long-term," said its chief executive officer Yeoh Kim Hong in a statement today.  (source)

INDONESIA - FINANCE - Investment Managers Issue Islamic Mutual Fund

JAKARTA (IFT) – Several investment managers plan to issue an Islamic mutual fund to boost their managed funds as the market still has high growth potentials. (source)

WORLD - Ernst & Young: The growth of Islamic assets Funds 7.6% in 2010

234next.com - Ernst & Young said on Monday that the assets held by Islamic funds around the world, jumped 7.6 percent in 2010 to 58 billion dollars, which is due to new cash flows and the strength in fixed income, commodities and alternative investments.

Compared to the origins of Islamic funds $ 53.9 billion in 2009 and 4.51 billion dollars in 2008. (source)

MALAYSIA - CAPITAL MARKETS - CIMB-Principal Islamic to launch 3 equity funds

KUALA LUMPUR: CIMB-Principal Islamic Asset Management Sdn Bhd (CIMB-Principal Islamic) is planning to launch three equity funds by year-end which will be distributed globally.

The new funds will comply with European Union Undertakings for Collective Investments in Transferable Securities (UCITS) and the approvals are expected soon. (source)

MALAYSIA - CAPITAL MARKETS - OSK-UOB Islamic Fund Management launches Global Food Islamic Equity Fund

MCOT-NET - KUALA LUMPUR, Aug 23 (Bernama) -- OSK-UOB Islamic Fund Management Bhd expects its pioneer fund, Global Food Islamic Equity Fund (GRIEF), to be fully taken up by year-end.

The fund, which will tap into the massive potential growth of the halal food industry, has an approved fund size of 400 million units or RM200 million (US$67.36 million). (US$1=RM2.97) Chief Executive Officer Md Noor A. Rahman is optimistic over the fund as it is the world's first halal fund. (source)