IslamicFinance.de

HSBC Amanah Malaysia Bhd has launched its Islamic Socially Responsible Unit Trusts, the first of its kind in the Islamic banking landscape in Malaysia. The company said the unit trusts are tailored for customers who want to invest and at the same time make a difference in the communities they live and work in. A portion of profits earned from the Socially Responsible Unit Trust proposition will be channelled to the Teach For Malaysia foundation. A contribution of RM10 will be made for every customer placement below RM50,000 into selected funds of the unit trusts and will double to RM20 for placement above or equal to RM50,000. Chief Executive Officer Rafe Haneef said the unit trusts may provide a good return on investment for customers while extending the benefit to children who suffer from education inequity in Malaysia.