Principal Asset Management Principal Islamic Money Market Fund
Islamic Investing in Johor
Islamic money market fund from Principal Malaysia, launched 17 March 2008. No application fee, management fee up to 0.40% per annum, trustee fee up to 0.02% per annum, minimum initial investment RM10,000. Benchmarked against the CIMB Islamic 1-Month Fixed Return Income Account-i rate (fund page, crawled 2026-08-07).
A clean halal cash fund with one screening question: can you clear the RM10,000 minimum? If not, Public Mutual's PIMMF does the same job from RM1,000, and StashAway Simple needs no minimum at all. If yes, the zero application fee and Islamic benchmark make this a sensible parking spot for cash inside the Principal ecosystem, especially for investors already holding DALI funds who want same-platform switching (fund page, crawled 2026-08-07).
Pros
- Zero entry cost and low ongoing fee
- Islamic benchmark keeps the product chain consistent
- Suits corporate and high-balance retail cash
Cons
- RM10,000 minimum is ten times Public Mutual's equivalent fund
- No PIDM deposit protection, unlike an Islamic bank deposit
- 0.40% fee cap is marginally above Public Mutual's 0.375%
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Product Details
Type
mutual_fund
Expense Ratio
Up to 0.40% management, up to 0.02% trustee, no application fee
Min Investment
RM10,000 initial (fund page, crawled 2026-08-07)
Fee
Up to 0.40% per year of NAV
Screening Method
Islamic money market instruments benchmarked to CIMB Islamic 1-Month FRIA-i
Principal Asset Management in Johor
Principal Asset Management's Principal Islamic Money Market Fund is accessible to investors in Johor, structured as Islamic money market fund: Islamic funds and portfolios in Malaysia are national digital products, so region matters less than fees and governance. The product reports an expense ratio of Up to 0.40% management, up to 0.02% trustee, no application fee. Minimum investment: RM10,000 initial (fund page, crawled 2026-08-07). Principal Asset Management operates across Malaysia, so Johor residents have full access to this product.
Shariah Compliance & Oversight
Amanie Advisors Sdn Bhd named as Shariah adviser in the master prospectus (reviewed 2026-08-06).
2026-08-07
Why It's Halal
The fund places cash in Islamic money market instruments benchmarked to an Islamic bank deposit rate (CIMB Islamic 1-Month FRIA-i), not a conventional interbank rate, and operates under Principal's Islamic fund range with Amanie Advisors named as Shariah adviser in the master prospectus (fund page crawled 2026-08-07; prospectus reviewed 2026-08-06). The choice of benchmark matters: it anchors the return target to the Islamic deposit market, keeping the whole product chain, instruments, benchmark and adviser, inside the Shariah framework.
Regional Availability
Principal Asset Management serves all of Malaysia
✓ Available nationwide including Johor
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Total Value
RM 343,778
Contributed
RM 130,000
Growth
RM 213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
What is Principal Asset Management Principal Islamic Money Market Fund?
Why is Principal Asset Management Principal Islamic Money Market Fund considered halal?
Is Principal Asset Management Principal Islamic Money Market Fund available in Johor?
What Shariah oversight does Principal Asset Management have?
What financing structure does Principal Asset Management Principal Islamic Money Market Fund use?
How do I apply for Principal Asset Management Principal Islamic Money Market Fund in Johor?
Can Johor residents working in Singapore get Malaysian Islamic financing?
Which providers serve Johor Bahru in person?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.