Kuala Lumpur, Malaysia (December 26, 2017) — Saturna Sdn Bhd, a wholly-owned subsidiary of US-based Saturna Capital Corporation, received the Best Asset Manager Award during the Islamic Business & Finance Southeast Asia Awards held November 29, 2017. The awards, which recognize exceptional performance and positive contributions to the global Islamic business and finance community, reflect peer-based evaluations resulting from an online poll administered by Islamic Business & Finance. Nearly 7,000 online votes were cast across 26 categories by bankers and financiers active in Southeast Asia's Islamic financial community.
"We are honored that our peers have chosen Saturna as Best Asset Manager in the first-ever Southeast Asia Awards," said Monem Salam, president and fund manager of Saturna Sdn Bhd. "We believe by remaining true to our long-established, principled, and sustainable Islamic investment process, we will continue to serve our clients and community well and set an example for transparency, fairness, and putting our investors' interests above all else. We are proud to have earned accolades from the international Islamic finance community. Going forward, we want to build on our reputation for innovative, sustainable investment products."
In June 2017, Saturna Sdn Bhd joined the leading edge of asset managers integrating Islamic and sustainable investment strategies with the launch of the ICD Global Sustainable Fund. Partnering with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank, the Fund invests in equities of global issuers that demonstrate sustainable characteristics while also meeting the stringent Islamic investment guidelines of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Saturna's global team of analysts and portfolio managers rate the sustainability of issuers, preferring those that are generally larger, more established, consistently profitable, financially strong, and with robust environmental, social, and governance (ESG) policies.
In 2014, Saturna Sdn Bhd introduced an innovative fee structure to the Malaysian marketplace and the Organization of Islamic Countries (OIC) region with the with the launch of the ASEAN Equity Fund. The Fund's low-fee structure, designed by Saturna in accordance with Islamic principles of fairness, transparency, and alignment with the long-term interests of unitholders, features no sales charge, low administrative fees, transparent distribution fees, and a performance-based management fee in which Saturna receives no compensation unless the Fund makes money for its investors. The ICD Global Sustainable Fund incorporates the same low-fee structure.
The firm inherits its pioneering spirit from parent company Saturna Capital Corporation, adviser since 1989 to the US-based Amana Mutual Funds, the first Islamic equity funds open to American investors.
About Saturna Sdn Bhd
Saturna Sdn Bhd, located in Kuala Lumpur, Malaysia, is a wholly-owned subsidiary of Saturna Capital Corporation, specializing in Islamic compliant and sustainable equity and sukuk portfolios for institutions and individuals. Saturna Sdn Bhd, founded in 1994 as Alpha Asset Management and purchased in 2010 by Saturna Capital, is a licensed Islamic fund manager under the Malaysia International Islamic Financial Centre (MIFC), and is adviser to the ASEAN Equity Fund, the ICD Global Sustainable Fund, and is sub-adviser to the Crescent International Equity Fund, managed by Crescent Wealth, Australia's first Islamic wealth manager.
About Saturna Capital Corporation
"Values-Based Global Asset Managers"
Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is a private, employee-owned, investment adviser with US$3.7 billion in assets under management, providing investment advisory services to mutual funds, institutions, businesses, individuals, and endowments. Saturna Capital is adviser to the Amana Mutual Funds Trust, the oldest and largest family of funds in the US that follow principles of Islamic finance. Saturna Capital is also adviser to the US-based Sextant Mutual Funds and Saturna Sustainable Funds.
About CPI Financial
CPI Financial, publisher of Islamic Business & Finance, delivers financial news, features, and analysis to bankers and businesses throughout the Middle East and beyond via a variety of online and print platforms, and holds a variety of awards ceremonies and events honoring the Islamic finance community. For more information, visit the CPI Financial website .
Investors are advised to read and understand the contents of a Fund's Prospectus (dated 25 January 2017 for ASEAN Equity Fund and 23 June 2017 for ICD Global Sustainable Fund) and their respective Product Highlights Sheets, obtainable at our offices and our website, before investing. The prospectuses have been registered with the Securities Commission Malaysia who takes no responsibility for their contents. Investors should also consider the fees and charges involved. The price of units and investment returns, may go down as well as up. Past performances of the Funds are not an indication of the Funds' future performances. Units will only be issued upon receipt of the application form accompanying the prospectuses. There are risks involved with investing in unit trust funds. Some of these risks associated with investments in unit trust funds are market risk, non-compliance risk, performance risk, equity securities risk, operational risk, price level risk, large and mid-size company risk, concentration risk, country risk, political risk, currency risk, active investment risk, and reclassification of Shariah status risk. For further details on the risk profile of the Funds, please refer to the Risk Factors sections in the prospectuses.