Management Company
BIMB Investment Management Berhad (“BIMB Invest”) is a wholly-owned subsidiary of Bank Islam Malaysia Berhad. Licensed by the Securities Commission as an Islamic Fund Management Company, BIMB Invest was incorporated on 14 September 1993 and commenced its operations on 20 June 1994. BIMB Invest has been in the unit trust industry for over 22 years. It has an authorised capital of RM20 million and issued and paid-up capital of RM15 million. As at 31 December 2017, BIMB Invest has a total fund size of RM2.23 billion.

 

Organisation Structure 
The Chief Executive Officer is responsible for the operation of BIMB Invest and is accountable to the Board of Directors (The Board). The Board decides on policy matters while the Investment Committee is responsible for investment strategies. All investment and activities of the funds are supervised by the Shariah Committee and Audit Committee to ensure decisions of The Board and Investment Committee adhere strictly to the Shariah requirements.  

 

The Board meets at least six (6) times a year to provide advice on matters relating to the Manager‘s operation and Fund‘s policies. The Investment Committee also meets at least six (6) times a year to discuss, review, and advise on the investment strategies and asset allocation of the funds.  
Risk Management
BIMB Invest outsources its risk management and internal audit functions to Bank Islam Malaysia Berhad (Bank Islam).

The function is outsourced to Risk Management Division (RMD) of Bank Islam. The operational risk management team of RMD consists of 13 staff and is headed by a Deputy Chief Risk Officer. RMD continuously identifies, assesses and monitors risks of BIMB Invest. It also manages and monitors risks assumed by BIMB Invest on behalf of its clients and recommend mitigation actions to the Board of Directors of BIMB Invest.
Internal Audit
The internal audit function is outsourced to the Internal Audit Division (IAD) of Bank Islam. The IAD team consists of 38 staff and is headed by the Chief Internal Auditor. IAD undertakes the audit based on the Audit Plan approved by the Audit & Examination Committee (AEC) of Bank Islam. The Audit Plan adopts a risk-based approach. It covers the review of adequacy of risk management and operational controls, compliance with laws and regulations, quality of assets and management efficacy. IAD reports to the Board of Directors of BIMB Invest or other relevant Board Committee of BIMB Invest.

 

Financial Highlights
Financial Year Ended 31 December (2015-2017)
Financial Year
2015
(RM’000)
2016
(RM’000)
2017
(RM’000)
Issued and paid up capital 15,000 15,000 15,000
Shareholders’ Fund 13,349 13,364 15,624
Revenue 12,385 11,677 17,385
Pretax & zakat profit / (loss) 143 20 807
After tax & zakat profit / (loss) 111 16 2,260

 

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