Public Mutual’s New Ittikal

Public Mutual which won a fleet of awards of Lipper and S&P is introducing a new regional unit trust, Public Asia Ittikal Fund. This will be a Syariah-based fund which ensures that all investments adhere with Islamic principles. So no gambling company, casinos and other non-halal business types.

Too sad that I’m going to fly anytime soon and have no time to make an investment in this fund. Emily said that Public Mutual didn’t have any good record in investing in regional sector (abroad). However, my current investment on Public Regional Sector soared 6.9% in 2 months. But this is only a short time performance.

Visit Emily’s blog for more in-depth review about it.

  1. #1 by Khairul on October 17, 2006 - 3:26 pm

    dear irwan, do you have any advice on how to maximise investment through regular EPF withdrawal? i’ve heard pro’s and con’s. some don’t get favourable return even with ittikal. how this happens? what’s the best strategy

  2. #2 by Sri Langat on July 20, 2007 - 7:53 pm

    I made 30 % within 6 months investing in PAIF. This will offset my the loss I incurred in SBB Al-Roza.

  3. #3 by pixo on September 25, 2007 - 11:37 am

    i just join PAIF last month with minimum amount.
    diz week plan to top up the amount but still waiting for some info from agent. i m looking for a helpful agent since my existing agent does not give good cooperation.

  4. #4 by tengzhi on September 26, 2007 - 4:04 pm

    may i know all the agent here how did u know the prospect? from where?

  5. #5 by naan on September 27, 2007 - 5:27 pm

    If u need to top-up yr investment, you can go to any Public Bank branch to do that.Fill up the Additional Investment slip obtained from the bank. If u don’t know yr Public Mutual account no., call customer service 03-62795252.
    What kind of info r u looking for? I’d be happy to help u, just email me .

  6. #6 by kkchow23 on September 27, 2007 - 10:57 pm

    Hi pixo,

    Since it’s a new investment, if you haven’t receive statement from Public Mutual, then you’ll have to call up customer service to find out about your account particulars in order to do additional investment at any Public Bank branches (cash/cheque) or Public Mutual (only cheque). Usually you can obtain this information from your servicing agent. Sometimes like me, I do provide service to top up investment for clients too whenever required as it’s quite hassle since bank transactions are during working hours. If you need any help you can contact me :

  7. #7 by Ajmal Ibrahim on October 5, 2007 - 6:40 am

    Dear agents, I would like to know the most efficient Fund Mgmt under Islamic Law, which make a good returns. Please advice me respectively.
    I’m interested to invest in it.

    Your kind attention and action will be very much appreciated.

    Thank you.

  8. #8 by kkchow23 on October 10, 2007 - 10:54 am

    Fund management according to Syariah Laws is introduced by many companies.. Basically there’s no saying which company is most efficient. In unit trust there’s always risk. However, you can refer to some of the awards won. Example, Public Mutual recently won the Failaka Award for “Best Fund Manager in Asia 2006”. This is just to show that it has a good track record for past performances.

    If you’ld like to know more, you can contact me for more details.

  9. #9 by Fazrina M. on December 8, 2007 - 3:40 pm

    YEah, I heard Public Mutual is the best fund manager. aside from them, what other available fund managers do they have here in Malaysia? and to invest through this fund manager, We look for their authorized agents is it? is that how UT work?

  10. #10 by mno on December 16, 2007 - 9:15 am

    semua pertanyaan dan perbualan dalam blog ni menggunakan bahasa inggeris, adakah ini bermakna yang tak pandai english tidak layak melabur dan mengetahui tentang unit trust?

    • #11 by zubaidah on April 23, 2009 - 2:11 pm

      saya nak tahu kiranya saya membeli rm1000 dlm msa 3 thn.apa faedahnya

  11. #12 by mno2 on December 19, 2007 - 9:23 am

    janganlah begitu,ambil pendekatan positif,banyak juga dalam bahasa melayu.lagipun kalau tak suka pergi je forum lain,nogold,mesra,berlambak dalam bahasa melayu.kalau masih tak suka juga ASB kan ada.Penuhkan dulu ASB.Tahun ni PNB bagi 9%,bagus tu,tak susah susah nak pening kepala,tak ada servis caj,tak payah tunggu lama,tiap tahun confirm dapat 8-9%.Tak pening pasal UTC yang hilang lepas u labur dengan dia,bila semua ini di ambil kira,ASB is still the best,biarlah apa orang nak kata,duit awak,bukan duit orang lain.Jangan terpengaruh dengan kenyataan UT yang lain bagi lebih dari 15% ke apa,semua tu teori je,bayangkan kalau harga awak beli tak naik2,atau mendatar jer,u dah rugi nak cover servis caj,UTC dan PM dah senyum dapat duit awak,awak yang akan keluh kesah menunggu harga naik.
    Masuk ASB,senyum selalu dan selamat aidil adha.
    Itulah pandangan saya dalam bahasa ibunda.

  12. #13 by shazli on December 25, 2007 - 10:34 pm

    that’s why we have strategy when investing in unit trust. if u follow the strategy, u can outperform ASB anytime

  13. #14 by bondi junction on December 26, 2007 - 3:58 pm

    Mr Shazli,
    I have been listening and reading about this so call strategy,can you share it here,and please dont say ’email me for further details’.I have done that,and this so called agent,just cut and paste old stories. I have yet to see agents here esp from public mutual,who can actually shown the ‘strategy’, except sending ‘basi story’., which you can get from the net anyway. What strategy if the market going down?If market going up,do you really need a strategy,you dont need rocket science for that.To me if you really want to buy,only buy low and sell high. From my observation thus far, CIMB funds showed more capital gain than PM, and their service charges also lower a bit.
    The authority, to me,should lower the service charges lower to max of 3%,then only more investors will be joining unit trust.PNB also should give more than 10% return per year,that will give other fund managers run for their money.
    For the bumiputera,filled up your ASB first,the more you save,the more return you ll be getting.For the non-bumi,need I say more?
    For the UTC,dont give consultant a bad name – they con,they insult and make ton of money (as they say.)

  14. #15 by lipo on December 28, 2007 - 12:58 am

    bahasa ibunda tak ibunda…some people look for alternatives simply because ASB does not provide a syariah compliant investment opportunity. If i were you bahasa ibunda speaker…check dulu sebelum beli,ingat halal haram pasti mau jaga.kalo tidak dengan tuhan juga mau jawab.peace be upon you

  15. #16 by mno on December 29, 2007 - 12:51 pm

    u suruh melabur dalam ASB tapi dari sudut syariah cam mana?
    halal ker pasal duit pelaburan tu nak buat makan anak bini.
    unit trust ni menipu ker takkan tak ada yang boleh bagi advice yang baik ker? please…..

  16. #17 by mno2 on December 29, 2007 - 8:02 pm

    Terpulang pada anda kalau tidak mahu melabur dalam ASB,itu pilihan anda.Jika anda fikir melabur dalam unit lain lebih baik,lebih menguntungkan,maka silakan,berlambak so called UTC di pasaran.. maka itu juga pilihan anda.Saya cuma merasakan jika semua di ambil kira,pada saya ASB masih lagi pilihan terbaik untuk bumiputera.Halal haram, masing masing ada pandangan masing masing,tengok bigger picture. Saya pun tak kata unit trust menipu. Untuk advice,sudah terlalu banyak advice dalam forum2.Pilihan saudara.
    Lipo – thanks for the advice,you are right and hopefully you also checked what you buy or ask people to buy.There were many views on this issues,open your eyes,then you decide yourself.

  17. #18 by zaldotmy on January 21, 2008 - 11:57 am

    Last 2006, I had invest in Public Ittikal Fund with the capital RM20,000. I had just sold out the fund last 2 days with the divident pay out RM12,000.

    Thanks to Public Mutual.


  18. #19 by Timah on January 21, 2008 - 9:52 pm

    Dear All, especially OUR DEAR MCCOULEY;

    I hope this is not your way / the best way to condemned about ISLAM way of doing things according to “HALAL OR HARAM”. Since you are also a muslim (I presume) you should no better. There are sooooooo many ways to become senang (bukan kaya sangat), if you think that investing on HARAM investment … go ahead. Don’t, don’t, don’t ever again criticise on others people religion. Ishhhh .. memalukan … especially from a muslim point of view.

    P/S : Irwan …. next time filter such jerk = MCCOULEY . muslim konon…. malulah

  19. #20 by Irwan on January 22, 2008 - 9:51 am

    sorry, i missed that comment. it’s been deleted

  20. #21 by swami on January 25, 2008 - 5:53 pm

    ya i agree with timah do not offend our muslim brothers and sisters and dont condemn the islam way as some of the best funds and returns have won the best fund manager in asia tq

  21. #22 by umarlahmi on January 29, 2008 - 2:18 pm

    NIAT TAK MENGHALALKAN CARA, for those people yg don’t understand or purak2 x faham, silalah “googlekn” wording tersebut (especially yg mengaku muslim..)

  22. #23 by zack dean on February 5, 2008 - 11:54 pm

    salam!,my first action toward financial freedom.As a new agent,I sell RM50K PIDF in a first week, Irwan!! you inspiring me.TQ

  23. #24 by skeper on February 6, 2008 - 8:51 pm

    As for ASB, i’ve read somewhere in soal jawab agama that Majlis Fatwa once “declared” it not halal but “tak diwartakan”. i guess it means tak diwar-warkan (lebih kurang bahasa org macam saya ni paham). so tak banyak org islam tau. Forum PPIM pun ada isu pasal ni and ada org cadangkan supaya pelabur ASB keluarkan duii gt tanda boikot. you bayangkan kalu semua org islam keluarkan, mau terjejas jugak ASB tu. banyak.unit trust islamic sekarang ni and untung pun lebih byk tapi org melayu/islam ni either not so exposed or extremely afraid of unit trust. isu “duit hilang” tapi actually they dont understand how it works and also about investment strategy etc. asal dengar cerita buruk sikit about UT investment, memang tak kasi can lagi. tapi yang heran byk pulak invest in shares walaupun the fact is only small percentage of people yg really buat untung

    pada yg ragu2 pasal halal haram ni, baca prospectus and dia ada state syariah advisor sapa. i think so, if i am not mistaken. sama jugak macam islamic banking, insurance, islamic products semua ada shariah advisory panel sendiri.

  24. #25 by f.r.e on February 7, 2008 - 3:14 pm

    evrybdy, pls check ourselves 2gther. jgn HALALkn yg HARAM n sebaliknya. it is bcoz HALAL is HALAL n HARAM is HARAM. the wholes thing in tis world hv HIKMAH yg trsndri. research plu details bout tis. n plu dhebahkan 2 all muslims!!! so, find out guyz! peace b upon u….. AL-ISLAMU YU’LA WALAM YU’LA A’LAIH. ISLAM itu tinggi dan tiada yg lebih tinggi drnyna……….

  25. #26 by f.r.e on February 7, 2008 - 3:17 pm

    p/s IRWAN….
    ISLAM ad adab n ksopanan. so, jgn tlmpau mlulu in ur advice 2 other pple. we as khalifah of ALLAH plu sm2 bntu each others 2 brothers n sisters in ISLAM dlm hal2 yg xdketahuinya… kt plu jg ISLAM, JK X sapa lg?

  26. #27 by Irwan on February 7, 2008 - 7:01 pm

    erm.. i don’t know which one are you talking about?

  27. #28 by Kal on February 8, 2008 - 1:17 am

    Korang ni pelik la..sesama sendiri pun nk bergaduh..!!

  28. #29 by kal on February 9, 2008 - 1:51 am

    benda yang baik tak akan aku tolong.. bagi kalau boleh asb tu buat main saving dan duit yang lebih tu buat kat tpt lain mcm ut ni..pelbagaikan duit tu bang..jgn main hentam jek..!!

  29. #30 by fadli on February 29, 2008 - 1:23 am

    come on guys..invest je..i pon akan jd agent..baru nak uncle and my father invest sampai rm150k each..jgn takut utk melabur..kena hati kering,,high risk high return taw..

  30. #31 by Syah on March 27, 2008 - 4:25 pm

    Hi Guyz,

    Saw some impressive comments on this site. Looks good

    But for a noob / amateur like me, with extra cash around RM10k, what is the best way to invest?

    Preferably the time frame would be around 6 months, really hoping for some fast reply from users from this site.


  31. #32 by Shah on March 27, 2008 - 7:44 pm


    Which one are you, number 1,2 or 3?

    1)Got salary and spend on thing that you desire. or
    2)Got salary and keep it in saving account. or
    3)Got salary and invest it..

    If you choose number 3 than you know who to contact!!!

    Unit Trust Consultant

  32. #33 by Syah on March 28, 2008 - 3:28 pm

    Hi Shahril

    I hv email u


  33. #34 by Shah on March 29, 2008 - 2:33 pm


    I have read your mail and have reply. i hope i answer your question.


  34. #35 by nora on March 31, 2008 - 7:00 pm

    dear ut expert,
    i have 2 questions.
    Q1. if we have public ittikal account under epf, can we top-up using cash using the same account nr or do we need to open-up a new one (ie. the two must be separate).. and if we need to open a new one for cash investment, can we expressly do on our own or we need to get touch with any agent..?
    Q2. is it true that fund that is open for epf investment is generally also open for cash but not vice versa.
    thanking you all in advance

  35. #36 by Shah on April 1, 2008 - 1:40 pm

    Dear Nora,

    Answer for

    1) If you invest using EPF then you cant used the same account number for your cah investment. and you have to create another account number. Minimum investment using cash is RM1,000. You have to call your agent to do the cash investment and fill up some form. once you have the account number then you can do it yourself at Public Bank Branch. (Please inform your agent if you do so).

    2) In all the unit trust company, we have certain fund that can be invest using EPF. Most fund that invest in EPF, the portfolio investment is base on local investment not oversea. that why EPF allow the holder to invest in Unit Trust. All EPF fund can be invest by cash also but provide it must have 2 different acount number.

    I hope that will answer all your Question.


    Shahril Riza Mokhtar
    Unit Trust Agent Supervisor
    LVG Group
    Damansara Perdana

  36. #37 by nora on April 1, 2008 - 10:33 pm

    thanks mr.shahril for your kind reply

  37. #38 by chinkun62 on April 21, 2008 - 10:27 am

    orang melayu skrg dah bukak mata..
    pulangan dlm unit trust lebih menguntungkan..
    x pecaya investla…
    to invest e-mail me at….

  38. #39 by swami on April 21, 2008 - 6:26 pm

    orang india separuh belum ,diapa percaya dalam sck. dan fd dan juga saving ac.
    pulangan dlm unit trust banyak menguntungkan
    to invest
    sila talipon swami at 016-3712929 or e-mail reply
    full time unit trust consultant
    public mutual
    retired cimb bank

  39. #40 by publicmutual-website on January 27, 2009 - 2:49 am

    Mutual Fund investment in 2009. Guess it’s a good timing in current economy.

  40. #41 by Chris Tan on January 22, 2010 - 3:01 pm

    may i know wat’s the different of Public Bank & Public Mutual?

  41. #42 by Edward Engging on March 31, 2010 - 1:29 pm

    Chris Tan…..i assume ur question is what’s the difference btw Public Bank Funds & Public Mutual Funds !!! Both Public Bank Funds and Public Mutual Funds are managed by Public Mutual’s Fund Manager. PM funds promote by UTC (unit trust consultant) whereas PB funds promote by bank officer who also had FIMM qualification as UTC does. UTC focus only 1 job which is monitoring ur funds and as for bank officer they’re multi-tasking i.e. credit card, home loan, personal loan, and etc….u get the picture rite??
    Public Mutual is a subsidiary of Public Bank Group.

  42. #43 by Cara Chavers on November 9, 2010 - 2:13 am

    I’d have to cut a deal with you one this subject. Which is not something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to comment!

  43. #44 by Antione Winfree on November 13, 2010 - 10:44 am

    In fact, some of them can be rather dangerous or I’ve been trying to put that together.

  44. #45 by Skbmoon Work4 on April 30, 2011 - 9:01 am

    Public mutual has done a great job and i think public mutual is the best fund manager.But if it lower the service charge a little bit i think it will be more preferable.

    Edward collins
    Visit me at bluehost review

Comments are closed.