BMB Group

The company and its affiliates have invested upwards of US$12 billion[4][5] around the world in the areas of private equity,[5] real estate,[2] natural resources,[4][6] wealth management,[2] hospitality[7][8] and philanthropy.

According to Withanage, the opposite of BMB's strategy would be to concentrate on generating short-term profits by multiplying transactions through millions of clients and thousands of staff.

[3] It offers specialised guidance in the form of strategic consultancy services and company development, concentrating on emerging markets in the Middle East, Asia and Latin America.

[12] In an interview, Withanage said he never had a business relationship with Prince Jefri Bolkiah and that he still has a great respect and connection with the Bruneian royal family, even if he no longer represents them.

[14] The parent firm of BMB Capital Management provided clarification on the news reports about its Syariah funds through an authorised spokesman in a separate press release to the Borneo Bulletin.

[1] BMB Group's position as investment manager for a philanthropic fund established in the spring of 2009 by the 56 member states of the Organisation of Islamic Cooperation (OIC) demonstrates the company's extensive and growing links at the top of eastern society.

[2] As an investor in BMB, Withanage will continue to play a significant role in the company's development even if it is no longer a member of the management team as of 2 October 2015.

Scepter has given BMB Group a $2 billion commitment to create and run business ventures that have the potential to significantly impact and change the lives of Forbes 500 families.

[13] In order to take on the role of CEO of Philantech, which is now creating revolutionary venture philanthropy and sustainable development firms, Rayo Withanage officially left Scepter Partners and the BMB Group in 2018.

The partnership raised over USD7 Billion for private equity funds focused on Asia, South America, Middle East and emerging Europe.

BMB advised the Malaysian Prime Minister, Abdullah Ahmad Badawi and the OIC on the setup of a global Zakat fund to manage Islamic philanthropic money.

[3] BMB Islamic's experience includes working with SHUAA Capital in Dubai to establish an equity fund that complies with Shariah.

A recent project it has been working on is an emerging fund from UK's F&C Asset Management for investments that adhere to Shariah and are advertised as generally socially good in order to appeal to non-Muslims.

[22][23] The other directors are Juma bin Dalmook Al Maktoum, a well-known billionaire from the United Arab Emirates; Patrick N. Theros, a former US ambassador to Qatar; and Sir John Bond, the former chairman and chief executive of the HSBC Group.

Its growing number of investors are drawn from eastern ruling families with vast riches gleaned from the long term growth demand for commodities.

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