Sun Life Malaysia Takaful Berhad has launched the Sun Life Malaysia Islamic Global Sustainable Fund – its first shariah-compliant, investment-linked takaful environmental, social and governance (ESG) fund for the Malaysian takaful market.
In a statement, the family takaful company said the new fund which is managed by Nomura Asset Management Malaysia Sdn Bhd, aims to provide an affordable and accessible avenue for Malaysians to include ESG factors in their investments, whilst simultaneously achieving potential long-term capital appreciation and protection gains.
The new fund aims to offer Muslim and non-Muslim clients an opportunity to invest in both fiscal performance and positive social and environmental impacts.
Sun Life Malaysia chief executive officer and president/country head Raymond Lew said the newly introduced Takaful ESG fund is the second in its sustainability fund series and aims to accelerate the group’s ambition to make sustainable investing more accesible to their clients.
“Being a trusted lifetime Takaful partner, we believe this new fund addresses the needs and aspirations of our clients to grow their wealth without comprising on their faith and values,” he said.
Sun Life Malaysia is confident that this new Takaful ESG fund will appeal to current and potential clients.
“Sun Life Malaysia believes that by adding ESG factors to its investment-linked takaful plans, it will open doors for clients to invest in companies that not only comply with Islamic principles, but also support six impact goals that are aligned with the United Nation’s Sustainable Development Goals (SDGs). These impact goals include mitigating climate change and natural capital depreciation, improving global access to basic financial services and clean drinking water, eliminating communicable diseases and mitigating the obesity epidemic,” it said.
The first conventional ESG Fund, Sun Life Malaysia Global Sustainable Fund, was launched in July 2021 and has surpassed RM 10.5 million as at April 2022.
