Islamic · Equity
PAIF
Pheim ASEAN Islamic Fund
Shariah equity in Southeast Asia's fastest-growing economies
Shariah equity in Southeast Asia's fastest-growing economies
To achieve long-term capital appreciation through a Shariah-compliant portfolio of equities in ASEAN markets, focusing on companies benefiting from the region's strong economic growth and young demographics.
Targets the dynamic economies of Malaysia, Indonesia, Thailand, Singapore, Philippines and Vietnam.
Focuses on identifying undervalued ASEAN companies with strong fundamentals and growth potential.
All investments are screened and approved by the fund's Shariah Adviser, ensuring compliance with Islamic principles.
Spreads risk across multiple ASEAN countries, currencies and sectors.
Appropriate for investors seeking Shariah-compliant access to ASEAN's economic growth, with a higher risk appetite and long-term investment horizon of 5 years or more.
Important: Unit trust investments carry risks including market risk, interest rate risk, and currency risk. Past performance is not a guarantee of future returns. Please read the Master Prospectus and consult a licensed financial adviser before investing.
PAIF invests primarily in Shariah-compliant equities across the ASEAN region — Malaysia, Singapore, Indonesia, Thailand, Philippines, and Vietnam.
Performance Benchmark: 5.5% growth in NAV per annum over the long-term.
With a population accounting for approximately 8.64% of the world's population, ASEAN has a combined GDP of about USD 3.9 trillion, ranking 5th among major economies.
Home to the 3rd largest labour force in the world, the region has one of the world's youngest and fastest-growing labour forces, driving ASEAN to achieve one of the strongest GDP growth rates globally. Almost 380 million people in ASEAN are under the age of 35, and the middle class is expected to more than double in size to 334 million by 2030. With increased urbanisation, over 90 million people are expected to move to urban areas by 2030, spurring USD 7 trillion in investment in infrastructure, housing and commercial space. The ASEAN economy is set to overtake Japan to become the 4th largest economy in the world by 2030.
ASEAN is blessed with commodity deposits and agricultural abundance.
Indonesia has the largest nickel reserves in the world at 22% of known reserves, and is the second largest producer of tin after China. Indonesia and Malaysia combined are the largest producer of crude palm oil in the world, while Vietnam and Thailand are the second and third largest rice exporters. Vietnam is the second largest producer of coffee in the world after Brazil, and the largest producer of cashew nuts. Philippines and Thailand combined are the largest producers of pineapple in the world.
ASEAN member states are prime beneficiaries of supply chain and manufacturing relocations out of China.
ASEAN member states' economies and equity markets are in different stages of development. The region offers investment opportunities in diverse businesses operating under varying economic, governmental and business environments. As a result of continuing US-China trade and geo-political tensions, ASEAN nations are prime beneficiaries of global supply chain realignment. With 2024E P/E of ASEAN equity markets expected to range from 10.1x to 13.9x, valuations remain reasonable after factoring in the region's economic and earnings growth potential.
| Category / Type | Equity (Islamic) |
| Launch Date | 16 December 2021 |
| Income Distribution 2026 | 6.50 sen per unit |
| Fund Size (31 Dec 2025) | RM 1.77 million |
| Investment Manager | Affin Pheim Islamic Asset Management Sdn Bhd |
| Trustee | Maybank Trustees Bhd |
| Shariah Adviser | Amanie Advisors Sdn Bhd |
| Maximum Sales Charge | 5% |
| Annual Management Fee | 1.50% p.a. |
| Annual Trustee Fee | 0.055% p.a. |
| Initial Offer Price | RM 1.00 |
| NAV/Unit (31 Dec 2025) | RM 1.0305 |
| Min. Initial Investment | RM 1,000 |
| Min. Additional Investment | RM 100 |
As at 31 August 2026
| Period | Fund Performance |
|---|---|
| 3 Months | -1.78% |
| 6 Months | -5.53% |
| 1 Year | 3.70% |
| 3 Years | 9.51% |
| Since Inception | 3.20% |
| Annualised (since inception) | 0.68% p.a. |
Source: LSEG Lipper.IM. Data as at 31 August 2026.
Income distributions declared per unit, based on the latest available records.
Rate per unit as declared on 24 April 2026
| Pheim Emerging Companies Balanced Fund | 6.00 sen |
| Dana Makmur Pheim | 3.75 sen |
| Pheim Income Fund | 0.75 sen |
| Pheim Asia Ex-Japan | 8.00 sen |
| Pheim Asia Ex-Japan Islamic | 4.50 sen |
| Pheim Greater China Islamic Fund | 6.50 sen |
| Pheim ASEAN Islamic Fund | 6.50 sen |
| Pheim Global ESG Islamic Fund | 6.15 sen |
Sen per unit · 2026
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For full fee details, refer to the Master Prospectus or contact [email protected]
Based on the fund’s portfolio returns as at 30 September 2026, the Volatility Factor (VF) for this fund is 9.5 and is classified as “Moderate” (Source: Lipper). “Moderate” generally includes funds with VF that are between 8.66 but not more than 11.86. The VF means that there is a possibility for the fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision. The VF for the fund may be higher or lower than the VC, depending on the market conditions. The fund’s portfolio may have changed since this date and there is no guarantee that the fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC. Investors are advised to read and understand the contents of [Pheim Master Prospectus dated 6 April 2023, Pheim First Supplemental Master Prospectus dated 31 October 2023 and Pheim Second Supplemental Master Prospectus dated 2 January 2025] (collectively, the "Prospectuses"), as well as the fund's Product Highlights Sheet (“PHS”) before investing. The Prospectuses and PHS are available at offices of Affin Pheim Unit Trusts Berhad (“Company”) or its authorised distributors and investors have the right to request for a copy of the Prospectuses and PHS. Any advertisement issued by the Company has not been reviewed by the Securities Commission Malaysia ("SC"). The Prospectuses have been registered with the SC who takes no responsibility for its contents. The registration of Prospectuses with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. Units will only be issued upon receipt of the application form accompanying the Prospectuses. Past performance of the fund is not an indication of the fund's future performance. Unit prices and distribution payable, if any, may go down as well as up. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in Malaysian Ringgit will remain unchanged after the issue of the additional units. Investments in the fund are subject to investment risks as disclosed in the Prospectuses. Investors are advised to consider these risks and the fees, charges and expenses involved before investing. Investors may also wish to seek advice from a professional adviser before making a commitment to invest in units of any of our funds.
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