Kenanga Investors Appointed Fund Manager for Disaster Waqf Fund

KUALA LUMPUR, MALAYSIA – Media OutReach – 18 November 2021 – Kenanga Investors Berhad (“Kenanga Investors”) was appointed Fund for Disaster Waqf Fund (“Emergency Waqf Fund”), an emergency fund established for the purposes of channeling resources to those affected by climate change-related disasters as well as future pandemics.

Kenanga Investors Appointed Fund Manager for Disaster Waqf Fund

From left to right:
Mr. Haji Syed Zafilen Syed Alwee, Chairman of the Board of Directors, Kenanga Investors Berhad
Senator Tuan Haji Idris bin Haji Ahmad, Minister in the Department of the Prime Minister (Religious Affairs)
Charles Hay, British High Commissioner to Malaysia
Prof. Prof. Dr. Amir bin Shaharuddin, Chief Executive Officer, Yayasan Waqaf Malaysia
Suhana Sidik, Member of MATCH Foundation and Board Member of MRCS

On 10 November, Kenanga Investors as Fund Manager, along with Yayasan Waqaf Malaysia (waqf manager) and MATCH Foundation (distribution agency), signed a Memorandum of Understanding to ensure that funds raised are invested and distributed according to waqf principles. The signing was witnessed by Senator Tuan Haji Idris bin Haji Ahmad, Minister in the Department of the Prime Minister (Religious Affairs) and Mr Charles Hay, British High Commissioner to Malaysia.

“We are honored to be nominated as a Fund for the Emergency Waqf Fund in accordance with the 12th Malaysia Plan (RMK-12) and the government’s intention for increased efficiency in waqf management. We look forward to providing support to the waqf institution through the establishment of an emergency management structure through this strategic partnership that will see the timely deployment of resources to needed areas, “said Ismitz Matthew De Alwis, Executive Director and CEO. Officer. He further explained, that the appointment is attributed to the history of Kenanga Investors in fund management and experience in the management of waqf assets by the Kenanga Waqf Al-Ihsan Fund, which was launched in April 2021.

The Relief Fund will receive part of the RM10 million allocated in Budget 2022 as part of its initial seed funding, announced in October 2021. Funds received from institutional investors would be invested directly in a wholesale fund established by Kenanga Investors which will manage. and invest it accordingly, in accordance with the proposed fund structure. Derivative income will be distributed to investors and YWM respectively. YWM will then channel the allocated percentage of funding to MATCH Foundation for emergency response activation so that the return reaches communities at risk.

In Malaysia, the Foreign Commonwealth and Development Office (“FCDO”) appointed PwC Malaysia as a consultant for the Islamic Social Finance space, which then reported the need to establish an emergency fund to mitigate climate-related disasters and to protect their lives and livelihoods. most vulnerable. The FCDO, under the auspices of the British High Commission, runs the Financial Services and Intellectual Property Program (“Program”) to boost economic growth by addressing problems of poverty and inequality in developing Southeast Asian countries.

“The Program is an international endeavor and operates in six countries, which are Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam. It provides technical assistance to Malaysia’s Year 1 of the Prosperous ASEAN Economic Reform Program through six workflows: FinTech, Accounting Standards, Intellectual Property, Anti-Money Laundering and Finance Crime, Capital Markets, and Islamic Finance.

“Kenanga Investors recognizes the importance of a firm driven by ESG considerations and goals, and social responsibility is an important aspect of that agenda. It is our responsibility, on behalf of active owners, to generate a positive environmental, social and management impact through their investments. With this appointment, we hope to move impact investments in Malaysia to new heights, ”says De Alwis.

For more information on Kenanga Investors Berhad, please visit www.kenangainvestors.com.my.

About Kenanga Investors Berhad 199501024358

We provide investment solutions ranging from collective investment schemes, portfolio management services and alternative investments for retail, corporate, institutional and high-value clients through a multi-distribution network.

Most recently, the FSMOne Recommended Unit Trusts Awards 2021/2022, named Kenanga Balanced Fund as “Balanced – Malaysia” for the 3rd year, Kenanga ASnitaBOND Fund as the “Kenanga Fixed Income – Malaysia (Islamic)” for the second time, while Kenanga. OnePRS Conservative Fund received the title “Private Retirement Scheme – Conservative” (third year).

At the Refinitiv Lipper Fund Awards 2021 (Malaysia), KIB won overall best Malaysia Islamic Funds Group Awards (Equality) and Malaysia Provident Funds Group Awards (Mixed Assets). The Kenanga SyariahEXTRA Fund was awarded “Mixed Asset MYR Balanced – Malaysia” award for 3-year and 5-year in both categories of Malaysian Islamic Funds and Malaysian Provident Funds while the Kenanga Growth Opportunities Fund won “Equity Malaysia Small & Mid-Caps” for 3 years under the category of Malaysian Providence Fund. Kenanga SyariahEXTRA Fund also won “Mixed Asset MYR Balanced – Malaysia” for 3-years and 5-years at the Refinitiv Lipper Fund Awards 2021 (Global Islamic). The 2021 Best of the Best Awards of the Hong Kong Asia Asset Management awarded KIB under the following categories, Malaysia – Best Equity Manager, Malaysia CIO of the Year, Malaysia – Best Islamic Foundation (Equality), and Malaysia Best House for Alternatives .

For the fifth consecutive year, KIB has been claimed investment management rating of IMR-2 by Malaysian Rating Corporation Berhad, since first assessed in 2017. The IMR rating on KIB reflects the well-established investment processes of the fund management company and sound risk management practices. During the first half of 2021, KIB’s 20 largest single trustee funds exceeded their benchmarks for the one-year, three-year and five-year period.

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