Halogen Capital Partners with Affin Bank to Launch a Shariah-compliant Bitcoin Fund

Halogen Capital, a licensed digital asset fund manager in Malaysia, has partnered with Affin Bank to introduce a Shariah-compliant Bitcoin fund designed for high-net-worth individuals and institutional investors.

This month's Fintech Malaysia News Summary

* Halogen Capital, a digital asset fund manager licensed in Malaysia, has teamed up with Affin Bank to launch a Shariah-compliant Bitcoin fund. It is designed for high-net-worth individuals and institutional investors.

* The Halogen Shariah Defensive Bitcoin Fund integrates a capital preservation strategy. Combining Islamic deposits with Bitcoin to offer a lower-risk entry into the digital asset market.

* The fund follows a buy-and-hold approach, balancing the stability of Islamic deposits with Bitcoin’s growth potential.

* This structure ensures that the portfolio value is safeguarded from significant market volatility while providing exposure to digital assets.

* Affin Bank will distribute the fund, positioning it as an alternative investment option that aligns with traditional financial principles.

* The fund is a closed-ended wholesale product available only to sophisticated investors with a short-to-medium-term horizon of two years.

* The minimum investment is RM10,000, with an initial sales charge of up to 2% and an annual management fee of 1%.

* Investors can find more details on the eligibility criteria for sophisticated investors on the Securities Commission Malaysia’s website or visit an Affin Bank branch for inquiries.

* Hann Liew, Founder and CEO of Halogen Capital, said: "The Halogen Shariah Defensive Bitcoin Fund is redefining how high net worth and institutional investors approach digital asset investments in Malaysia. By combining Bitcoin’s high-growth potential with a capital preservation strategy, we are providing a solution that is both innovative and practical.

* In volatile markets, this fund acts accordingly, ensuring investors can confidently navigate downturns without compromising on long-term returns, in which we recognise the need for investors to access high-growth opportunities in the digital asset market without experiencing significant capital loss and maintaining Shariah compliance.”

* Mohammad Fairuz Mohd Radi, Executive Director of Group Community Banking, Affin Bank said: “We are delighted to introduce an innovative investment strategy that synergises Bitcoin with Islamic deposits, offering our customers a secure gateway to the digital asset landscape.

* This initiative underscores our unwavering commitment to delivering cutting-edge solutions while aligning seamlessly with the strategic pillars of the AFFIN Axelerate 2028 (AX28) Plan – Unrivalled Customer Service, Digital Leadership, and Responsible Banking With Impact.”

* This builds on Affin Bank’s move in June 2024 to become the first Malaysian bank to offer a crypto ETF fund in partnership with Cross Light Capital.