Malaysia-based digital wealth platform Cashku has formed a strategic partnership with Muamalat Invest to expand its range of Shariah-compliant investment products. The collaboration gives eligible investors access to a wider selection of funds through a single digital platform with no sales charges. The announcement highlights the growing digital distribution of Islamic investment options in Malaysia's expanding capital market.
Partnership Overview
Under the partnership, Cashku users will be able to access investment products across multiple asset classes, including money market instruments, sukuk, Malaysian and global equities, gold, and Shariah-compliant private credit. The products are split between retail and wholesale funds, with availability determined by investor eligibility and fund type. Cashku assesses eligibility and investment suitability during its onboarding process, while wholesale funds remain restricted to sophisticated investors under Securities Commission Malaysia requirements.
Product Range and Eligibility
Retail funds will be accessible to eligible Cashku users who complete the platform's onboarding and suitability assessment. Wholesale funds, including Shariah-compliant private credit products, will be limited to investors who meet the Securities Commission Malaysia's criteria for sophisticated investors. The partnership aims to make Islamic investment options more accessible while maintaining appropriate regulatory safeguards for different investor categories.
Digital Distribution and Investor Access
The partnership eliminates sales charges for eligible investors and expands the distribution reach of Muamalat Invest's Shariah-compliant funds beyond traditional advisory channels. It also gives Cashku users the ability to compare and access multiple asset classes through a single interface, supporting more informed investment decisions. This approach aligns with the growing preference for digital wealth management and self-directed investing among Malaysian investors.
Market Growth Context
Cashku referenced the Securities Commission Malaysia's Annual Report 2025 to underscore the growth of the country's Islamic capital market. According to the figures cited, Malaysia's Islamic capital market grew 4.31% to MYR2.7 trillion, approximately US$660 billion, in 2025, representing about 63% of the total domestic capital market. Islamic assets under management increased by 11.35% year on year to MYR274.01 billion, outpacing the overall fund management industry's growth of 6.9%.
Executive Commentary
Faridah Abdullah, Chief Operating Officer of Cashku, said Shariah-compliant investing has become an established part of Malaysia's investment landscape. She added that the partnership aims to make these investment options more accessible and convenient for investors. Khadijah Sairah Ibrahim, Chief Executive Officer of Muamalat Invest, said the investment products are developed according to Shariah principles with a focus on sustainable value, ethical considerations, and social responsibility.
Company Backgrounds
Cashku is a digital wealth platform operated by Advisonomics Sdn Bhd and is available for both iOS and Android devices. The platform describes itself as AI-native and provides digital financial planning, unit trust and Private Retirement Scheme distribution, and digital investment management services. Muamalat Invest is a wholly owned subsidiary of Bank Muamalat Malaysia Berhad that manages Islamic investment funds for retail and institutional investors.
This partnership reflects a broader trend of digital platforms expanding access to Shariah-compliant investment products in Malaysia. By combining Cashku's digital onboarding capabilities with Muamalat Invest's Islamic fund management expertise, the collaboration offers eligible investors a streamlined path to diversified and ethical investment options. The absence of sales charges may further lower barriers for users seeking Shariah-aligned products across multiple asset classes through one platform.