The three are Nomura Global Shariah Semiconductor Equity Fund, Nomura Global Shariah Strategic Growth Fund and Nomura i-Income Fund.

The deal will not only give Al Rajhi Bank a wider range of products to sell but will also give Nomura another avenue to reach investors.

In a statement issued to the media today, Al Rajhi Bank said the combination of global equity and fixed income funds will give its customers the opportunity to diversify their investment portfolios.

Al Rajhi Bank Malaysia CEO Arsalaan Ahmed said the Nomura products had been selected for their growth potential based on the digital and Islamic finance trends.

The Nomura Global Shariah Semiconductor Equity Fund, which was launched in July, is for investors who seek long-term growth as well as opportunities from companies involved in semiconductor on a global scale.

The Nomura Global Shariah Strategic Growth Fund is designed to achieve long-term capital growth primarily through investments in foreign syariah-compliant equities, sukuk, Islamic collective agreement schemes and Islamic money market instruments.

Investors who seek regular income distribution through investments in Islamic deposits, Islamic money market instuments and sukuk should go for the Nomura i-Income Fund.

Nomura Asset Management Malaysia managing director and country head Leslie Yap said the partnership would bring together both institutions’ strength in product delivery while expanding Nomura’s reach to more investors.

Customers will be able to purchase Nomura funds at all Al Rajhi Bank branches from today.