Reliance MF to launch Islamic fund in Malaysia soon
New Delhi, May 30:Reliance Mutual Fund will shortly launch an Islamic fund in Malaysia, a top company official said.
“We have set up a subsidiary and it is launching an Islamic fund in Malaysia shortly,” Reliance Capital Asset Management CEO, Sundeep Sikka, told reporters on the sidelines of a press meet here.
The company now plans to open its first office in Kuala Lumpur in Malaysia.
Reliance Capital, together with Kuwait’s Global Investment House, were given the nod last November by the Securities Commission (SC) to establish their Islamic fund management operations.