Malaysias Aham Capital
“Can a legacy Malaysian asset manager modernise its fund operations infrastructure fast enough to compete at scale across conventional and Islamic investment mandates?”
Founded in 2001 as a conventional asset manager, AHAM Capital expanded into Shariah-compliant investing in 2008 via AIIMAN, its Islamic investment arm. The firm has remained institutionally owned, with CVC Capital Partners as majority owner, and has scaled to over RM88 billion in Assets Under Administration across 160+ funds. In 2024, AHAM embarked on a technology modernisation programme, adopting Microsoft Azure as cloud backbone and selecting Multifonds (Temenos) to replace legacy fund accounting infrastructure — signalling a strategic shift toward scalable, SaaS-based operations.