KUALA LUMPUR (March 19): Affin Bank Bhd has signed an agreement with Halogen Capital to distribute the Halogen Shariah Defensive Bitcoin Fund, a digital asset fund with an integrated capital preservation strategy, to investors.

Halogen Capital is a digital asset fund manager licensed by the Securities Commission Malaysia.
 
According to the press release, the fund will employ a buy-and-hold strategy that puts investors’ money in low risk Islamic fixed deposit and Bitcoin. This is to safeguard the portfolio value from significant market volatility and provide investors with stability while they enjoy potential upside.
 
“The Halogen Shariah Defensive Bitcoin Fund is redefining how high-net-worth and institutional investors approach digital asset investment in Malaysia,” said Hann Liew, founder and CEO of Halogen Capital.
 
“In volatile markets, this fund acts accordingly [to the changing market environment], ensuring investors can confidently navigate downturns without compromising on long term returns.

“We recognise the need for investors to access high growth opportunities in the digital asset market without experiencing significant capital loss and maintaining Shariah compliance,” he added.
 

As for Affin Bank, it had been looking to introduce a risk-managed alternative investment product for investors, bridging the gap between traditional financial principles and the dynamic digital asset market. 

Its executive director of group community banking Mohammad Fairuz Mohd Radi said the bank is delighted to introduce an innovative investment strategy that synergises Bitcoin with Islamic deposits. 

“The fund offers our customers a secure gateway to the digital asset landscape. This initiative underscores our unwavering commitment to delivering cutting edge solutions [to our clients] while aligning seamlessly with the strategic pillars of the Affin Axelerate 2028 Plan- Unrivalled customer service, digital leadership and responsible banking with impact,” he said.
 
The Halogen Shariah Defensive Bitcoin Fund is a close-ended wholesale fund open to sophisticated investors who are expected to have a short to medium term investment horizon of two years. 
The fund’s initial minimum investment is RM10,000 with an initial sales charge of up to 2% and annual management fee of 1%.