Maybank Asset Management Maybank Malaysia Sukuk Fund
Islamic Investing in Kelantan
Fixed income fund from Maybank Asset Management investing in Malaysian sukuk. Sales charge up to 2.00% of NAV per unit, annual management fee 0.35% of NAV, annual trustee fee 0.05%. Launch date is not published on the fund page; fee data from the official fund listing (crawled 2026-08-07).
On price this is the standout conservative Islamic fund in the market: 0.35% a year for a dedicated sukuk portfolio, roughly a third of Principal's enhanced sukuk cap. Documentation transparency is the weakness, with inception and minimums buried in offer documents. For a pure halal income allocation held long term, the fee advantage compounds meaningfully (fund page, crawled 2026-08-07).
Pros
- Materially cheaper than Principal's Islamic Enhanced Sukuk Fund (1.00% cap)
- Pure sukuk, no equity sleeve to change the risk profile
Cons
- Launch date and minimums not published on the fund page
- No named Shariah scholars on the public page
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Product Details
Type
mutual_fund
Expense Ratio
0.35% management, 0.05% trustee, up to 2.00% sales charge
Min Investment
See prospectus (not published on fund page, crawled 2026-08-07)
Fee
0.35% per year of NAV
Screening Method
Sukuk-only portfolio
Maybank Asset Management in Kelantan
Maybank Asset Management's Maybank Malaysia Sukuk Fund is accessible to investors in Kelantan, structured as Malaysian sukuk 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 0.35% management, 0.05% trustee, up to 2.00% sales charge. Minimum investment: See prospectus (not published on fund page, crawled 2026-08-07). Maybank Asset Management operates across Malaysia, so Kelantan residents have full access to this product.
How Maybank Asset Management Works
Access via Maybank channels
Invest through Maybank AM directly or Maybank group distribution.
Filter for -I funds
The Islamic range is identified by the -I suffix and Shariah-compliant flags.
Check offer documents for minimums
Launch dates and minimum investments are in the prospectus rather than fund pages.
Financing Structure
SC-regulated unit trusts; Islamic (-I) funds flagged Shariah-compliant on the official fund list within the SAC framework (crawled 2026-08-07).
In-Depth Analysis
Maybank Asset Management Sdn Bhd runs the Maybank group's Malaysian fund shelf, with Islamic mandates carrying the -I suffix and a Shariah-compliant flag in each fund's information table. The group also operates Maybank Islamic Asset Management as a dedicated Islamic manager, listed in the corporate navigation (site, crawled 2026-08-07).
Two retail Islamic funds stand out. The Maybank Malaysia Growth-I Fund is the Shariah equity mandate: 5.50% maximum sales charge, 1.5% management, 0.08% trustee. The Maybank Malaysia Sukuk Fund is the sharper product at 0.35% management and 2.00% maximum entry, the cheapest dedicated sukuk fund fee we recorded anywhere in this market (fund pages, crawled 2026-08-07).
The transparency gap is real: neither fund page prints a launch date, minimum investment or Shariah adviser name, all deferred to offer documents. Peers like Kenanga (scholar profiles) and Public Mutual (PHS with commencement dates) set a better standard.
Shariah Compliance Details
- Shariah-compliant flags printed on official fund information tables (crawled 2026-08-07)
- Maybank Islamic Asset Management operates as the group's dedicated Islamic manager
- Scholar names not published on crawled fund pages, noted as a disclosure gap
How Maybank Asset Management Compares
Maybank AM wins one category outright: sukuk cost, where 0.35% undercuts Principal's enhanced sukuk cap by two-thirds. On equity it is one of several 1.5%-fee options with weaker page-level disclosure than Kenanga or Public Mutual. The group brand carries weight; the public documentation does not yet match it.
Pricier sukuk fund but a stronger equity flagship and better-documented Islamic range.
Lower equity sales charge cap and printed PHS detail.
Bottom Line
Come for the 0.35% sukuk fund, which is the best halal fixed income deal in the market; look elsewhere if you need page-level governance disclosure before investing.
Read full Maybank Asset Management reviewShariah Compliance & Oversight
Sukuk mandate on the manager's official fund listing; scholar names not published on the fund page (crawled 2026-08-07).
2026-08-07
Why It's Halal
A sukuk-only mandate: the portfolio holds Islamic certificates whose returns derive from profit-sharing, lease or trade structures rather than conventional bond interest, and the fund sits in Maybank AM's fixed income category with a sukuk-specific name and mandate (fund page, crawled 2026-08-07). The 0.35% management fee is the lowest we recorded for a retail sukuk fund in this market, which matters in Islamic fixed income where fee drag eats directly into halal profit distributions.
Regional Availability
Maybank Asset Management serves all of Malaysia
✓ Available nationwide including Kelantan
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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 Maybank Asset Management Maybank Malaysia Sukuk Fund?
Why is Maybank Asset Management Maybank Malaysia Sukuk Fund considered halal?
Is Maybank Asset Management Maybank Malaysia Sukuk Fund available in Kelantan?
What Shariah oversight does Maybank Asset Management have?
What financing structure does Maybank Asset Management Maybank Malaysia Sukuk Fund use?
How do I apply for Maybank Asset Management Maybank Malaysia Sukuk Fund in Kelantan?
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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.