KUALA LUMPUR, 4 March 2021 – In recent times, many Malaysians are compelled to re-evaluate: What are considered to be Life’s Essentials? Good health, for sure – perhaps one of the most important of life’s essentials. Then there are the basic necessities like nutritious food, clean water, clothing and a secure roof over our heads. For some, your favourite mamak restaurant or kopi tiam might count as an essential too!
However, the term ‘essentials’ certainly covers a broader range of needs. For instance, as children and adolescents, our parents provided us with nutritious food, clothes on our back and a comfortable home. Our life’s priorities were much simpler then – do well in school, play sports and perhaps get the attention of our ‘crush’ in high school. For most of us, our homes were also our source of safety, love and belonging.
As we grow older however, our roles and priorities evolve. As we embrace adulthood, this is where things begin to become a little complicated. Juggling matters at work while tending to the needs of our own family and loved ones at home, all while keeping up with our own need to stay physically fit and maintain our own sanity – many would argue this to be a “wishful” scenario which is next to impossible to achieve! After all, we are only human.
Kuala Lumpur, 3rd March 2021: BIMB Investment Management Berhad (BIMB Investment), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, has today officially launched the Makmur myWakaf Fund (MWF), the First Wakaf Featured Unit Trust Fund under the Securities Commission Malaysia (SC) Waqf-Featured Fund Framework that was introduced on 12 November 2020 and a Qualified Sustainable and Responsible Investment (SRI) Fund under the SC Guidelines on Sustainable and Responsible Investment Funds. BIMB Investment is the first fund management company to structure and design a wakaf unit trust fund, hence, introducing a new investment dimension into the fund management industry in Malaysia.
Chairman of BIMB Investment, Mohamed Ridza bin Mohamed Abdulla said, “Finally, after two years of research , BIMB Investment introduces the Makmur myWakaf Fund conceptualising it into reality. This product is unique in its features as it combines Shariah- based principles in mobilising funds for the betterment of society. Apart from social finance , the focus in healthcare, education and community empowerment whilst providing investment returns for investors makes this fund truly innovative. We collaborate with various stakeholders including the Securities Commission Islamic Capital Market Division, Bank Islam's Centre of Social Finance, Strategic Relations Division and, the Association of Islamic Bank Malaysia (AIBIM) on this initiative. It is my hope that the team in BIMB Investment continues to introduce exciting products in our efforts to grow and develop Islamic Finance.”
Kuala Lumpur, 3 March 2021 – Zurich Malaysia (Zurich) today announced the provision of COVID-19 post-vaccination cover to stakeholders. This is in support of the National COVID-19 Immunisation Programme to curb the spread of the pandemic.
This complimentary cover will be made available for Zurich employees, intermediaries, strategic partners and selected Zurich products for a period of 30 days from the date of their first vaccination. Interested applicants must register with Zurich prior to their vaccination to be eligible for this free coverage. As availability is limited, cover will be provided on first come first served basis.
Underwritten by Zurich General Insurance and Zurich General Takaful, the complimentary COVID-19 post-vaccination plan covers accidental death and permanent disablement and post-vaccination death benefits of RM2,000. On top of that, a post vaccination inconvenience benefit of RM500 will be paid if the customer is diagnosed with an adverse event requiring hospitalisation following complications arising from COVID-19 vaccination during the coverage period.
