Bank Islam’s Subsidiary Launches “Robo-Intelligent” Investment Appby Fintech News Malaysia April 15, 2020
BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today announced the launch of BEST Invest online investment mobile application (BEST Invest app), what they described as its “first Robo-Intelligence Sustainable Shariah-ESG investing online platform.”
In their media statement, the company said that the BEST Invest app provides convenience and efficiency for individuals to build wealth. BEST Invest app offers a systematic, transparent and structured construction and building of wealth for individuals through investing in robo-intelligence and big data technology platform.
BEST Invest offers a suite of BIMB Investment’s Shariah-ESG unit trust funds across asset classes that includes global equities, Asia Pacific equities, Malaysia equities, Sukuk and money market. Based on investors’ financial goals and risk tolerance, BEST Invest assists investors digitally to construct an optimal investment portfolio driven by data and analytics.
“BEST Invest, also focuses on Shariah-ESG and sustainability investing. The underlying funds in BEST Invest app are shariah-ESG compliant. We are an UNPRI signatory and have been focusing on ESG investing since 2015. We are currently managing more than RM1 billion of ESG investment assets.
said BIMB Investment Chief Executive Officer, Najmuddin Mohd Lutfi.
The BEST Invest app offers an investor the opportunity to start investing either by selecting the ‘’Do it for Me’’ or the “Do it Myself” functions in the app. To illustrate, “Do it for Me” function enables the Robo-Intelligence system to identify and select the best investment methods, suitable funds and the investment amount based on the investor’s risk profile. Investors would not have to worry about their investments as they can focus on achieving their investment goals.
Alternatively, the ‘’Do it Myself’’ function enables investors to make their own decisions and self- invest without the assistance of the Robo-Intelligence system for a more customised experience. Investors can start investing and building their investment goals with the BEST Invest app with a minimum of RM10 with zero sales charge. Investors can also invest and/or withdraw their investments anytime and anywhere.