TheEdge
KUALA LUMPUR: CIMB Group recently swept three awards in The Asset’s Mid-Year 2007 Triple A Derivatives and Structured Products Awards.
Its Islamic All-Stars Global Restricted Mudharabah Structured Investment-i won the Most Innovative Syariah-Compliant Structured Product in Asia, Best Guaranteed Fund in Malaysia and Best Local Currency Structured Product in Malaysia.
The Asset claims to be the largest circulated finance magazine to global investors specialising in Asian markets.
CIMB’s head of group treasury, Lee Kok Kwan, said: “We are honoured to receive these awards, which recognise our leading position in creating capital market products for the mass affluent segment, and our innovation in Islamic finance.”
The Islamic All-Stars Global, launched in Malaysia and Singapore in January 2007, was the first ringgit and Singapore dollar Islamic structured product offered in both countries.
CIMB Group’s structured products are distributed at all 381 branches of CIMB Bank and CIMB Islamic nationwide.
The group’s latest offering is the Dynamic Asia Capital Protected (DACP) Fund, a three-year product that combines insurance and investment features.
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