24/07/2025

BIZ & FINANCE THURSDAY | JULY 24, 2025

14

Islamic equity-linked structured investment products make debut

PETALING JAYA: CGS International Securities Pte Ltd, through subsidiary CGS International Securities Malaysia Sdn Bhd, has introduced its latest Islamic structured investment offerings specifically designed for sophisticated investors in Malaysia. The newly launched products – the Islamic Equity Linked Investment Notes and the Islamic Autocallable Equity Structured Investment Notes – mark a significant milestone for CGS Malaysia, making it the first broker in the country to introduce Islamic equity-linked structured products. The move underscores the firm’s commitment to developing inno vative and market-relevant financial instruments. The launch comes at a strategic time, as CGS Malaysia deepens collaboration with policymakers and leverages its strong regional and China network to further position Malaysia as a competitive business and investment destination. According to CGS Malaysia deputy CEO Khairi Shahrin Arief Baki, the firm remains focused on delivering investment solutions that align with evolving market demands, particularly as more investors seek alternatives to conventional assets. “Sophisticated investors are increasingly looking to diversify their portfolios at manageable risk levels while ensuring alignment with their personal values,” he said in a statement. “With most of our capital market assets already syariah-compliant and expanding, we see tremendous opportunity to innovate and offer a wider range of investment products for sophisticated investors, regardless of individual beliefs.” He added that Malaysia’s globally recognised leadership in Islamic finance – bolstered by a robust regu latory framework and decades of industry development – sets the stage for these new instruments to serve as trusted avenues for investors looking

o CGS introduces first-of-the-kind offerings in Malaysia, aimed at sophisticated investors CGS Malaysia’s introduction of its single family office solution, aimed at high- and ultra-high-net-worth individuals seeking to establish a presence in the Johor-Singapore Special Economic Zone. This momentum reflects a growing investor preference for stability and values-driven investing within Asean, including syariah compliant products and those aligned with environmental, social and governance principles. Both the Islamic Equity and the Islamic Autocallable Equity pro ducts offer structured exposure to syariah-compliant equities, tailored for sophisticated investors, in cluding accredited investors, high net-worth individuals, and cor porate entities. These instruments offer the potential for regular, fixed profit payouts, with profit rates typically higher than those of traditional Islamic fixed deposits, alongside tailored payoff structures to suit various risk appetites and market to enhance portfolio yields. The launch follows

From left: CGS International group head of syariah services Rushdan Nadzir, Lembaga Tabung Haji board member Datuk Nik Mohd Hasyudeen Yusoff and CGS Malaysia deputy CEO Arief Baki at the launch of the new investment products.

outlooks. The Islamic Equity is a non principal-protected, short-term product that delivers returns based

on the price performance of a syariah-compliant reference ins trument. The Islamic Autocallable Equity

features a knock-in and knock-out structure, offering monthly profit payouts and a defined maturity of up to 12 months.

Alpha IVF opens second satellite clinic in Indonesia PETALING JAYA: Fertility care specialist Alpha IVF Group Bhd has opened its second satellite clinic in Surabaya, Indonesia, its second in the country.

Jati Tinggi-Worktime Engineering joint venture bags TNB contract PETALING JAYA: Jati Tinggi Group Bhd’s wholly owned subsidiary, Jati Tinggi Holding Sdn Bhd, in collaboration with Worktime Engineering Sdn Bhd, has secured a significant infrastructure contract from Tenaga Nasional Bhd (TNB). In a Bursa Malaysia filing yesterday, the Jati Tinggi-Worktime Engineering joint venture received a letter of acceptance (LoA) dated July 21, 2025, from the national utility company to undertake the design, supply, installation, testing and commissioning of insulated lead sheathed 33kV submarine cables and accessories at Sungai Manjung in Lumut, Perak. The project, valued at RM19.41 million, will see the dismantling and replacement of existing submarine cables with new systems to enhance the local electrical infrastructure. This includes the supply of piping, new submarine cables, necessary accessories, and the full scope of testing and commissioning works. The contract is expected to be completed within 365 days from the commencement date, which will be determined later. The Jati Tinggi–Worktime Engineering joint venture was formalised through an agreement signed on May 13, 2025. Jati Tinggi Holdings holds a 70% stake in the joint venture and Worktime Engineering the remaining 30%. Jati Tinggi’s board of directors anticipates that the contract will positively contribute to the group’s future earnings, earnings per share and net assets per share throughout the contract period.

The expansion forms part of the group’s initial public offering roadmap to establish four satellite clinics in Indonesia, streng thening its regional growth strategy and deepening its footprint in the country, which is one of the group’s fastest-growing inter national markets. Group managing director Datuk Dr Colin Lee Soon Soo said Surabaya was strategically chosen to expand the company’s reach into East and Central Java, where it sees strong potential for growth in fertility treatment. “Our first satellite clinic in Jakarta began showing results in less than three months of operations, which gives us strong confidence in the scalability and effectiveness of our satellite model. “We believe the Surabaya clinic will build on this momentum and further increase patient referrals to our flagship centres in Malaysia,” he said in a statement. The new clinic is strategically located within the Womba Women’s and Children Specialist Clinic in Surabaya. Situatedin the heart of East Java, Surabaya – the second largest city in Indonesia after Jakarta – was selected to meet the growing demand for assisted reproductive services across the region, including nearby urban centres such as Solo, Semarang and Yogyakarta. The clinic will serve as a key referral and

Alpha IVF’s satellite clinic in Surabaya will serve as a key referral and patient coordination centre. patient coordination centre, offering initial consultations and fertility assessments, while seamlessly connecting patients to Alpha IVF’s flagship centres in Malaysia for comprehensive treatment. Alpha IVF expects its Indonesia-based satellite clinics, including those in Jakarta and Surabaya, to make a meaningful contribution to cross-border patient volume and revenue growth.

Apart from Indonesia, Alpha IVF currently operates in Malaysia, Singapore and China. The group has pioneered numerous innovations leading to improved pregnancy rates and is actively involved in utilising advanced artificial intelligence technology to enhance embryo selection for higher IVF success rates.

Alpha IVF’s first Indonesian satellite clinic, located in Pantai Indah Kapuk, Jakarta, commenced operations in May and has already shown encouraging results. In less than three months, 29 couples have been referred to the group’s Malaysia-based centres, demonstrating early validation of the group’s regional strategy.