KUALA LUMPUR (May 18): KAF Investment Funds Bhd has launched a new equity fund that focuses on shariah-compliant equities with growth potential across developed and emerging markets.

The Global Islamic Equity Fund (KGIEF) gives Malaysian investors access to globally dominant companies such as Nvidia Corporation, Microsoft Corporation, and Taiwan Semiconductor Manufacturing Company, fully within shariah principles, said KAF in a statement.

"The fund seeks to enhance portfolio growth potential by providing access to enduring structural trends that are reshaping the global economy, including artificial intelligence (AI), electric vehicles (EVs), the energy transition, software innovation, and the evolving consumer landscape.

"These themes are intended to complement investors’ existing domestic holdings through exposure to transformative long-term opportunities," the company added.

KAF Investment Funds chief executive officer Mohammad Fariz Ahmad Shamsuddin noted that as global economic landscapes evolved, diversification remained important in a balanced investment strategy.

"KGIEF was designed to help investors manage domestic risks by capturing structural growth themes reshaping the global economy,” he said.

The minimum initial investment for the fund is RM1,000, while the minimum additional investment is set at RM100. The fund’s benchmark is the Dow Jones Islamic Market World Index in ringgit terms.