Fund Valuer - Deutsche Bank (Malaysia) Berhad
Deutsche Bank (Malaysia) Berhad (“DBMB”) is a wholly-owned subsidiary of the parent organisation, Deutsche Bank Aktiengesellschaft. Deutsche Bank established a presence in Kuala Lumpur, Malaysia in 1967 and was incorporated on the 22 August 1994.
DBMB expanded its product offered to include fund accounting services in 2001.
Roles and duties of the fund valuer
Eastspring Investments Berhad (“Manager”) has appointed DBMB as the fund valuer for the funds.
The fund valuer is responsible for the computation of the Net Asset Value (“NAV”) of the funds in accordance with the requirements of the prospectus of the funds and the Deed. The fund valuer will report to the Manager at the end of each business day on the NAV of the funds including the daily purchases and sales transactions, and stock holding report. The report will be sent to the Manager via fax, email and/or other method as agreed by both parties.
DBMB will undertake the accounting and valuation function for the funds by way of a service level agreement. Under the terms of the agreement, DBMB will maintain proper accounts; carry out daily valuation and pricing and sending the unit prices for publication in the newspaper.
Registrar and Transfer Agent - Karvy Computershare (Malaysia) Sdn Bhd
Karvy Computershare (Malaysia) Sdn. Bhd. (“Karvy”) (registration number 1178655 – U), was incorporated in Malaysia on 8 March 2016 and commenced business on 25 April 2016. Karvy is registered as a private limited company to provide registrar and transfer agency services to asset management or investment management companies, with its business address at Suite 16.1, Level 16, Menara IMC, No. 8 Jalan Sultan Ismail, 50250 Kuala Lumpur.
Roles and duties of the registrar and transfer agent
Eastspring Investments Berhad has appointed Karvy as the registrar and transfer agent for the funds.
Karvy’s roles and duties include maintaining the register of unit holders, transaction processing, reconciliation and preparing relevant communication to investors. Certain processes for the abovementioned duties are further sub-delegated to Karvy’s affiliate entity, Karvy Computershare Private Limited (“KCPL”) in India.
Shariah Adviser - IBFIM
IBFIM has been appointed as the Shariah Adviser for the Eastspring Investments Dana al-Ilham, Eastspring Investments Dana al-Islah, Eastspring Investments Dana Wafi, Eastspring Investments Dana Dinamik, Eastspring Investments Islamic Income, Eastspring Investments Dinasti Equity and Eastspring Investments ASEAN al-Adiil (“Funds”). Scheduled to meet Eastspring Investments Berhad (“Manager”) of the Funds every quarter, IBFIM will advise the Manager on the selection of investment tools to be adopted. IBFIM will also counsel the mechanism of the operations of the Funds’ activities to ensure that the operations of the Funds comply with Shariah requirements.
IBFIM was incorporated as a company limited by guarantee and not having share capital in Malaysia under the Companies Act, 1965 on 15 February 2007.
IBFIM is registered with the Securities Commission Malaysia to act as a Shariah adviser for Shariah-compliant collective investment schemes and sukuk issuance. IBFIM is also involved in numerous Shariah-compliant private mandates as well as the Shariah adviser for Islamic real estate investment trusts and Islamic asset management houses. As at 30 June 2016, IBFIM has total staff strength of 97 employees, and has one hundred twenty one (122) funds under its supervision.
Profile of the Shariah Team
Dato’ Mohd Bakir Bin Haji Mansor
Distinguished Shariah advisor
Dato’ Mohd Bakir is a member of the Shariah Advisory Body of Syarikat Takaful Malaysia Berhad and sits on the Shariah Panel Committee of Amanah Ikhtiar Malaysia. He is also the Chairman of the Shariah Advisory Committee of BIMB Securities Sdn. Bhd. Prior to joining IBFIM, Dato’ Mohd Bakir was the Shariah Coordinator at Bank Islam Malaysia Berhad (“BIMB”) and then the Secretary of the Shariah Advisory Council of BIMB, from 1984 to 2001. Previously, he served at the National Council for Islamic Religious Affairs in the Prime Minister’s Department for 10 years from 1971. He was also a Chief Assistant Director at the Islamic Research Centre for four (4) years from 1981. He holds a Shahadah Ulya from Kolej Islam Malaya.
Dato’ Mohd Bakir was awarded “Anugerah Maulidur Rasul 1434H/2013M” by the government of Malaysia for his services in the Islamic finance industry.
Mohd Nasir Bin Ismail
Mohd Nasir, a holder of the Islamic Financial Planner (IFP) certification, has been with IBFIM since its incorporation in 2001. He is responsible in providing Shariah input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant unit trust funds. Prior to joining IBFIM, he was a faculty member of a private higher learning institution specializing in Islamic studies, Institut Pengajian Ilmu-Ilmu Islam, Kelantan. He graduated with a Bachelor of Shariah (Honours) degree from the University of Malaya. He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities.
Ahmad Zakirullah Bin Mohamed Shaarani
Ahmad Zakirullah is a member of Shariah Committee of the United Overseas Bank Malaysia Berhad. He joined IBFIM in February 2008. He is responsible in providing Shariah input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant funds. Prior to joining IBFIM, he served at University Sains Islam Malaysia and PTPL College. He obtained his Diploma of Shariah Islamiyyah (Honours) from Higher Institute of Islamic and Arabic Language (MADIWA), Perak, Bachelor of Shariah Islamiyyah (Honours) degree from Al-Azhar University, Egypt and Master’s degree (with Honours) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia. He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities.