• About Us

History

CIMB-Principal Islamic Asset Management ("CIMB-Principal Islamic") manages institutional assets for corporations and institutions. The Firm’s objective is to provide a full spectrum of Islamic investment solutions, optimally customized meet global investors’ needs and objectives.

CIMB-Principal Islamic is a joint venture between the CIMB Group ("CIMB") and Principal Financial Group ("The Principal"). CIMB-Principal Islamic is registered with the Securities Commission of Malaysia. CIMB-Principal Islamic obtained its licence to operate as an Islamic Fund Management Company on June 27, 2008. CIMB-Principal Islamic is an offshoot of CIMB-Principal Asset Management Berhad ("CIMB-Principal"), which is based in Kuala Lumpur, Malaysia. CIMB-Principal was founded in 1995 and has a reputable heritage of managing Islamic institutional mandates since 2000. The Islamic business was spun off to internationalize the Islamic initiative and to reach out to global clients and develop cross border distribution. Headquartered in Kuala Lumpur, Malaysia, CIMB-Principal Islamic is strategically located in the world's first country with a complete Islamic financial system operating in parallel to the conventional banking system. This allows the firm to leverage on Malaysia's comprehensive Islamic financial infrastructure and its adopted global regulatory, legal and Shariah best practices.

CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world's largest Islamic banks. CIMB is headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking and asset management products and services.  As the fifth largest banking group in ASEAN, CIMB has over 40,000 staff in 17 locations across ASEAN, Asia and beyond.

The Principal was founded in 1879 and began managing retirement assets in 1941. In October of 2001, The Principal became a public company listed on the NYSE under the ticker symbol PFG. The primary asset management offices of PGI are located in Des Moines, New York, Stamford, Los Angeles, Chicago, London, Singapore, Tokyo and Sydney.

History
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