AUM Muamalat Bank Muamalat Funds Grow 20 Times

Photo: Maria totaling Pongo/VOI

JAKARTA PT Bank Muamalat Indonesia Tbk recorded significant growth in Islamic fund management or Asset Under Management (AUM) products.

Acting President Director of Bank Muamalat Hery Syafril said that the mutual sharia fund product was only launched to the public in June 2022.

Since then the development has been very significant both in terms of sales, managed funds and the number of investors.

As of the end of December 2022, Bank Muamalat's mutual fund management funds grew about 20 times year to date.

Even though it was only launched in June last year, our mutual fund product growth is very fast. We are optimistic that the growth can be even better this year. For example, ahead of the first quarter of 2023, the managed funds have almost increased 4 times," he said in a statement to the media, Thursday, March 9.

Hery explained that this growth shows the high interest of customers supported by the ball pick-up strategy implemented by the pioneer of this Indonesian Islamic bank.

Bank Muamalat routinely conducts socialization to branch offices and holds customer gatherings and educational programs with investment managers to customers.

In addition, Bank Muamalat has also prepared a special design sales program where customers are not only investing in mutual fund products but can at the same time do charity.

"We have a special program where customers who invest in a certain amount and period have the right to choose underprivileged people to depart for Umrah. All costs are fully borne by Bank Muamalat and investment managers," he added.

For the purchase of mutual sharia products, Bank Muamalat can be done through the Sharia Mutual Fund Outlet in the Muamalat DIN application.

The first bank-based mutual fund outlet in the country collaborated with FUNDtastic + as a Mutual Fund Effect Seller Agent (APERD) and five investment managers, namely PT Bahana TCW Investment Management (Bacana TCW), PT Eastspring Investments Indonesia, PT Trimegah Asset Management, PT Insight Investments Management, and PT Manulife Asset Management.