Maybank Islamic Asset Management has licensed the IdealRatings Equity Screening solution to screen the market data universe for Shari’ah compliance for the investment management of Shari’ah mandates and funds.
IdealRatings is incorporated in San Francisco and works in screening market data solutions for the Islamic capital market and ESG/SRI segments of the asset management industry. IdealRatings solutions provide accurate, to-date market data accompanied with the state of art solution platform, to generate an investible universe in accordance to the investment mandates provided to the asset management companies.
With the selection of the IdealRatings solutions, funds can be structured by utilising the data from the system to generate investible universes, managing the portfolios for Shari’ah compliance and fund dividend purification.
Mohammad Donia, CEO, IdealRatings said, “We are committed and excited to partner with Maybank Islamic AM … to provide shariah compliant funds for its customers in ASEAN is far-sighted and I am certain that these funds will further provide impetus to the growth of Islamic funds in Asia. We are certain that the IdealRatings Equity solution will provide Maybank Islamic AM with the required system functionalities, for them to manage the existing and new Islamic funds to be structured in the coming years.”
Najib Nazlan, CEO of Maybank Islamic Asset Management, said, “We are impressed with the range of services offered by IdealRatings as they fulfil our expanding regional business needs. We are confident that this appointment will further enhance our investment advisory capabilities in the Shari’ah space.”
Significant win for SanFran headquartered ratings outfit