{
    "success": true,
    "data": {
        "id": 1505023,
        "msgid": "uob-starts-islamic-fund-in-malaysia-1447893297",
        "date": "2004-07-08 00:00:00",
        "title": "UOB starts Islamic fund in Malaysia",
        "author": null,
        "source": "DPA",
        "tags": null,
        "topic": null,
        "summary": "UOB starts Islamic fund in Malaysia Singapore: United Overseas Bank (UOB) launched its maiden Islamic unit trust in Malaysia in a bid to tap into growing demand from Muslim investors, officials said on Wednesday. The Afdaal Fund Series, domiciled in Labuan, is a joint effort between UOB Asset Management and Commerce International Merchant Bankers, part of Malaysia's second-largest financial services group.",
        "content": "<p>UOB starts Islamic fund in Malaysia<\/p>\n<p>Singapore: United Overseas Bank (UOB) launched its maiden<br>\nIslamic unit trust in Malaysia in a bid to tap into growing<br>\ndemand from Muslim investors, officials said on Wednesday.<\/p>\n<p>The Afdaal Fund Series, domiciled in Labuan, is a joint effort<br>\nbetween UOB Asset Management and Commerce International Merchant<br>\nBankers, part of Malaysia's second-largest financial services<br>\ngroup.<\/p>\n<p>Dan Chan, managing director of UOB Asset Management, said the<br>\nfund intends to raise US$30 million to $50 million in the first<br>\nyear.<\/p>\n<p>The fund, kicked off on Tuesday, will be marketed in the<br>\nSoutheast Asian region, targeting Malaysia, Indonesia, Brunei and<br>\nSingapore. After establishing a track record, the fund will go to<br>\nthe Middle East, said Faizal Fazaludin, senior manager of UOB<br>\nAsset Management.--DPA<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/uob-starts-islamic-fund-in-malaysia-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}