The EQ8 MSCI South East Asia IMI Islamic High Dividend Yield 10/40 ETF (stock code: 0825EA) is a Shariah-compliant, passively managed exchange-traded fund listed on Bursa Malaysia. It tracks the MSCI South East Asia Islamic Dividend Index — a rules-based index selecting Shariah-compliant, high-dividend-yielding companies from across six Southeast Asian markets: Singapore, Indonesia, Malaysia, Thailand, and Philippines.
This is the only ETF on Bursa Malaysia that provides Shariah-compliant exposure to the entire Southeast Asia region in a single instrument. Without it, a Malaysian investor wanting SEA diversification would need foreign brokerage accounts for the Singapore Exchange (SGX), Indonesia Stock Exchange (IDX), and Thailand Stock Exchange (SET) — all requiring different currencies, account types, and tax considerations.
Passively managed and listed on Bursa Malaysia and certified by ISRA Consultancy, the fund is particularly relevant for investors who believe in the long-term economic growth of Southeast Asia, want geographic diversification beyond Malaysia, and still require full Shariah compliance.
Southeast Asia is home to 680 million people, a growing middle class, and some of the world's fastest-growing economies. Indonesia is projected to be the world's 4th-largest economy by 2045. Singapore is a global financial hub. Vietnam's manufacturing boom is reshaping supply chains. A single ETF gives you exposure to all of this — in MYR, through Bursa.
As at Jan 2026, Malaysia is the largest allocation (27.33%), followed by Indonesia (24.47%), Thailand (22.56%), Singapore (17.24%), and Philippines (8.40%). The composition changes at each rebalance as MSCI screens for the highest dividend-yielding Shariah-compliant stocks across the region.
The underlying companies pay dividends in their local currencies (SGD, IDR, THB, PHP). the fund manager converts these to MYR before distributing to investors. When MYR strengthens against these currencies, your MYR dividend income is reduced even if the local-currency dividends were unchanged. This currency translation effect means the actual MYR yield can vary quarter to quarter beyond what company-level dividend changes would suggest.
Holdings and weightings as at 31 January 2026 (official fund factsheet). 39 constituents total. Rebalanced periodically per MSCI index methodology.
| 0825EA SEA Dividend |
0824EA MY Dividend |
0827EA US Growth |
|
|---|---|---|---|
| Market Coverage | 🌏 6 SEA countries | 🇲🇾 Malaysia only | 🇺🇸 USA only |
| Primary Driver | 💰 Dividends | 💰 Dividends | 📈 Capital Growth |
| Indicative Yield | ~4–5% | ~4–6% | ~1–2% |
| Currency Exposure | Multi-currency (SEA) | MYR only | USD exposure |
| No. of Holdings | ~40–50 | ~25–35 | 50 |
| Annual Fee (TER) | ~0.40% | ~0.40% | ~0.50% |
| Best For | SEA believers, regional diversification | Local income, MYR stability | Long-term US tech growth |
A simple three-ETF Shariah portfolio: 0827EA for long-term US growth (40%), 0824EA for MYR-denominated local income (40%), and 0825EA for SEA regional diversification (20%). This gives you exposure to three distinct economic zones, two income streams, and USD/MYR/SEA currency balance — all Shariah-compliant and all bought through one Bursa account.
| Fee Type | Amount | Notes |
|---|---|---|
| Management Fee | 0.650% p.a. | Annual management fee |
| Trustee Fee | 0.045% | Paid to Maybank Trustees |
| Total Expense Ratio | 0.775% p.a. | All-in annual cost, silently deducted from NAV |
| Sales Charge | 0% | No upfront load — ETF advantage |
| Brokerage | RM 3–8 / trade | Charged by your stockbroker per order |
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1Open a Bursa-linked stockbroker accountRakuten Trade, moomoo Malaysia, or any licensed broker. A CDS account is opened automatically. Takes 1–3 business days and is free.
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2Fund your account in MYRTransfer via online banking. Despite holding SEA assets, 0825EA is priced and traded entirely in ringgit — no foreign currency required.
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3Search stock code 0825EAUse the code search function in your broker app. Confirm it shows "EQ8 MSCI SEA Islamic Div" or similar before placing your order.
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4Buy minimum 100 units via Market OrderEnter quantity (100 units minimum, in multiples of 100). Use a Market Order for immediate execution during market hours (9am–5pm weekdays). Settlement is T+2.
Unlike 0824EA (pure MYR) or 0827EA (single USD exposure), 0825EA holds assets denominated in 6 different currencies: SGD, IDR, THB, PHP, MYR, and VND. Each moves independently against MYR. While this can provide natural diversification, it also means your ETF value in MYR can shift due to currency movements even when underlying stock prices are flat.
A multi-country ETF carries higher political and regulatory risk than a single-country fund. Changes in tax treatment, foreign ownership rules, or capital controls in Indonesia, Thailand, or Philippines could affect the fund's ability to hold or liquidate certain positions. This is a low-probability but higher-impact risk than investing solely in Malaysia's relatively stable regulatory environment.
As a more niche product, 0825EA typically has lower daily trading volume than the Malaysian market ETFs. This means the bid-ask spread may be slightly wider, and large orders may not execute at a single price. For regular monthly investments of a few thousand ringgit, this is not a practical concern — but for very large single purchases, consider using a Limit Order rather than Market Order.