BIMB INVESTMENT MANAGEMENT BERHADAs at 15 March 2012, being the la test practicable date for the...

1BIMB INVESTMENT MANAGEMENT BERHAD


RESPONSIBILITY STATEMENT

This Information Memorandum has been seen and approved by the Directors of BIMB Investment Management Berhad and they collectively and individually accept full responsibility for the accuracy of all information contained herein and confi rm, having made all enquiries which are reasonable in the circumstances, that to the best of their knowledge and belief, there are no other facts omitted which would make any statement herein misleading.

STATEMENT OF DISCLAIMER

The Securities Commission Malaysia has approved the issue, offer or invitation in respect of the wholesale fund, the subject of this Information Memorandum, and that the approval shall not be taken to indicate that the Securities Commission Malaysia recommends the investment.

The Securities Commission Malaysia shall not be liable for any non-disclosure on the part of BIMB Investment Management Berhad and takes no responsibility for the contents of this Information Memorandum, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon the whole or any part of the content of this Information Memorandum.

INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT.

IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT AS TO THE ACTION TO BE TAKEN SHOULD CONSULT THEIR PROFESSIONAL ADVISERS IMMEDIATELY.

This Information Memorandum is not intended to and will not be issued and distributed in any country or jurisdiction other than in Malaysia (“Foreign Jurisdiction”). Consequently, no representation has been and will be made as to its compliance with the laws of any Foreign Jurisdiction. Accordingly, no offer or invitation to subscribe or purchase of Units in the Fund to which this Information Memorandum relates, may be made in any Foreign Jurisdiction or under any circumstances, where such action is unauthorized.

Investors are advised to note that recourse for false or misleading statements or acts made in connection with this Information Memorandum is directly available through Sections 248, 249 and 357 of the Capital Markets and Services Act 2007.

BIMB INVEST MONEY MARKET FUND HAS BEEN CERTIFIED AS BEING SHARIAH COMPLIANT BY THE APPOINTED SHARIAH COMMITTEE.

4 BIMB INVESTMENT MANAGEMENT BERHAD

TABLE OF CONTENTSSECTION PAGE

1.0 GLOSSARY 5

2.0 CORPORATE DIRECTORY 8

3.0 KEY DATA 10

3.1 Summary of Fund Information 10

3.2 Fees and Charges 10

3.3 Information on Transaction of Units 12

3.4 Other Information 13

4.0 RISK FACTORS 15

4.1 General Risks of Investing In The Fund 15

4.2 Specifi c Risks Associated With Investing In The Fund 15

5.0 INTRODUCTION TO SHARIAH-COMPLIANT WHOLESALE FUND 18

6.0 DETAILED INFORMATION OF THE FUND 19

6.1 Fund’s Profi le 19

6.2 Investor’s Profi le 19

6.3 Investment Objective 19

6.4 Investment Policy & Strategy 19

6.5 Asset Allocation 20

6.6 Risk Management 20

6.7 Benchmark 21

6.8 Permitted Investments 21

6.9 Investment Restrictions And Limits 21

6.10 Valuation of Assets 22

6.11 Valuation Point for the Fund 22

6.12 Policy On Gearing And Minimum Liquid Assets Requirements 22

7.0 FEES, CHARGES AND EXPENSES 23

7.1 Charges Directly Incurred 23

7.2 Policy on Rounding Adjustment 23

7.3 Fees Indirectly Incurred 23

7.4 Policy on Stockbroking Rebates and Soft Commission 24

7.5 Mode of Distribution 24

7.6 Management Expenses Ratio (MER) 24


8.0 TRANSACTION INFORMATION 25

8.1 Determination of Prices 25

8.1.1 Computation of NAV and NAV Per Unit 25

8.1.2 Pricing of Units 26

8.1.3 Manager’s Single Pricing Regime 26

8.1.4 Incorrect Pricing 28

8.2 Transaction Details 29

8.2.1 Minimum Initial Investment 29

8.2.2 Minimum Additional Investment 29

8.2.3 Minimum Units Held 29

8.3 Procedures and Processes 29

8.3.1 Where to Purchase and Repurchase 29

8.3.2 Payment of Repurchase Upon Receipt of Repurchase Application 29

8.4 Distribution Channel 30

8.5 Distribution Policy 30

8.6 Unclaimed Monies Policy 30

8.7 Anti-Money Laundering Policies And Procedures 30

9.0 CLIENT COMMUNICATION 31

10.0 THE MANAGER 32

10.1 Corporate Profi le of the Manager 32

10.2 Organisational Structure of the Manager 32

10.3 Financial Highlights 33

10.4 Board of Directors 34

10.5 Investment Committee 35

10.6 Shariah Committee 36

10.7 Key Management Staff 37

10.8 Investment Team 39

10.9 Material Litigation and Arbitration 39


11.0 THE TRUSTEE – AMANAHRAYA TRUSTEES BERHAD 40

11.1 Profi le of AmanahRaya Trustees Berhad (ART) 40

11.2 Financial Performance 40

11.3 Board of Directors 40

11.4 Key Management Staff 40

11.5 Trustee’s Responsibility Statement 43

11.6 Material Litigation and Arbitration 43

11.7 Duties and Obligations of The Trustee 43

11.8 Retirement, Removal or Replacement of the Trustee 44

11.9 Powers of the Trustee to Remove or Replace the Manager 45

12.0 SALIENT TERMS OF DEED 46

12.1 Unit Holder’s Rights 46

12.2 Unit Holder’s Liabilities 46

12.3 Termination of the Fund 46

12.4 Meeting of Unit Holders 46

13.0 DIRECTORY OF OUR IUTA OFFICE FOR PURCHASE AND REPURCHASE OF UNITS 48


1.0 GLOSSARY

Aqad Islamic contract

Assets of the FundThe Fund’s holdings, which may include securities, cash and Shariah-compliant deposits, Islamic money market instruments and other permitted instruments

Business Day A day on which banks in Kuala Lumpur and/ or Selangor are open for business.

Buying/Repurchase PriceNAV per unit of the Fund and the price at which the Manager repurchases/buys back units from Unit Holders.

CMSA or the ActCapital Markets and Services Act 2007 as originally enacted and amended or modifi ed from time to time.

DeedThe Deed dated 27 March 2009 and any other supplemental deed(s) that may be entered into between the Manager and the Trustee.

FiMM Federation of Investment Managers Malaysia.

Forward PricingThe Buying/Selling price for units is the NAV per unit of the Fund as at the next valuation point, after the request for repurchase/purchase is received by the Manager.

Fund or BIMMF BIMB Invest Money Market Fund

Fund Manager/Manager/ The Company/BIMB Invest

BIMB Investment Management Berhad (276246-x).

GuidelinesGuidelines on Wholesale Funds issued by the SC and as amended, substituted or replaced from time to time.

Latest practicable date (LPD)

As at 15 March 2012, being the latest practicable date for the purposes of ascertaining certain information contained in this Information Memorandum.

Long term A period of more than 5 years.

MARC Malaysian Rating Corporation Berhad

Medium term A period between 3 to 5 years.

NAV

Net Asset Value of the Fund is determined by deducting the value of all the Fund’s liabilities from the value of all the Fund’s assets, at the valuation point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund should be inclusive of the management fee and the trustee fee for the relevant day.

NAV per unitNet Asset Value of the Fund divided by the total number of units in circulation, at the valuation point.


Qualifi ed Investors

Refers to:a. An individual whose total net personal assets exceed RM3 million or its equiva-

lent in foreign currencies;b. A corporation with total net assets exceeding RM10 million or its equivalent in

foreign currencies based on the last audited accounts;c. A unit trust scheme or prescribed investment scheme;d. A company registered as a trust company under the Trust Companies Act 1949

which has discretion in the investment of trust assets of a trust with total net assets exceeding RM10 million or its equivalent in foreign currencies;

e. A corporation that is a public company under the Companies Act 1965 or under the laws of any other country, which has been allowed by the SC to be a trustee for the purpose of the CMSA and has discretion in the investment of trust assets of a trust with total net assets exceeding RM10 million or its equivalent in foreign currencies;

f. A pension fund approved by the Director General of Inland Revenue under section 150 of the Income Tax Act 1967;

g. A holder of a Capital Markets Services license carrying on the business of dealing in securities;

h. Any other fund manager;i. A person who acquires securities pursuant to an offer, as principal, if the

aggregate consideration for the acquisition is not less than RM250,000 or its equivalent in foreign currencies for each acquisition;

j. A licensed institution;k. An Islamic bank; andl. An insurance company licensed under the Insurance Act 1996.

RAM RAM Rating Services Berhad.

RM Ringgit Malaysia

SC or SecuritiesCommission

Securities Commission Malaysia established under the Securities Commission Act 1993.

Selling PriceNAV per unit of the Fund and the price at which the Manager sells the units to the Unit Holders.

Shariah

Islamic Law comprising the whole body of rules pertaining to human conducts derived from the primary and secondary sources of the Shariah. The primary sources are the Quran, the Sunnah, Ijma’ and Qiyas. The secondary sources are methodologies through which a jurist reaches a ruling by the application of Ijtihad where a Muslim jurist exerts all his intellectual capabilities to study the primary sources in order to get the ruling for a particular human conduct.

Sukuk/Islamic BondA document or certifi ed paper, documenting the undivided pro-rated ownership of underlying assets structured in line with the Shariah rules and principles. The sak (singular of sukuk) is freely traded at par, premium or discount.

Short Term Means a period of less than 365 days.

Special Resolution

A resolution passed at a meeting of Unit Holders duly convened in accordance with the Deed and carried by a majority of not less than three-fourths of the Unit Holders voting thereat upon a show of hands or if a poll is duly demanded and taken by a majority consisting of not less than three-fourths in number of the votes given on such poll.

The InformationMemorandum or Info Memo

Refers to this Information Memorandum for the BIMB Invest Money Market Fund.

The Trustee AmanahRaya Trustees Berhad (766894-T).


Unit or Units A measurement of the right or interest of a Unit Holder in the Fund and means a Unit (including a fraction of a Unit) of the Fund.

Unit HoldersThe person registered as the holder of a unit or units including persons jointly registered.


2.0 CORPORATE DIRECTORY

MANAGERBIMB Investment Management Berhad (276246-X)

Registered Offi ce

Level 11, Wisma Bank IslamJalan Dungun, Bukit Damansara50490, Kuala Lumpur

Business Offi ce

Level 19, Menara Bank IslamNo.22, Jalan Perak, 50450 Kuala LumpurTel : 03-2161 2524 / 2924Fax : 03-2161 2464Toll-Free Number : 1-800-88-1196

BOARD OF DIRECTORS

Dato’ Sri Zukri Samat (Chairman – Non Executive)Mustapha Hamat (Non-Executive Independent Director)Ghazali Awang (Non-Executive Independent Director)Ahmad Mudahir Omar(Non-Executive Non Independent Director)Khairul Kamarudin (Non-Executive Non Independent Director)Nazaruddin Othman (Chief Executive Offi cer)

INVESTMENT COMMITTEE

Mustapha Hamat (Independent Member)Ghazali Awang (Independent Member)Norashikin Mohd KassimJeroen P.M.M Thijs

COMPANY SECRETARY

Norhidayati Mohamat Salim (MIA 27364)No. 33, Jalan Batu Jauhar,Taman Rowther68100 Batu Caves, Selangor

Zuraidah Binti Zainudin (LS 8101)No. 22, Jalan 7/3B,Seksyen 743650 Bandar Baru Bangi, Selangor

KEY MANAGEMENT

Nazaruddin Othman (Chief Executive Offi cer)Vicknesan Balakrishnan (Chief Investment Offi cer)Fatimatul Zainulha Mohamed Isa (Compliance Manager)Badrul Hisam Bahari (Operation Manager)Wan Shahrulzaman Japhilus (Head, Agency and Corporate Business)

PRINCIPAL BANKER

Bank Islam Malaysia Berhad

Ground Floor, Menara Bank Islam,No.22 Jalan Perak, 50450 Kuala Lumpur

SOLICITOR

Messrs Naqiz & PartnersNo. 42A, Lorong DungunDamansara Height50490 Kuala Lumpur

AUDITOR

KPMG Desa Megat & Co.Chartered AccountantsLevel 10, KPMG Tower8, First Avenue, Bandar Utama47800 Petaling Jaya, Selangor

TAX ADVISER

Ernst & Young Tax Consultant Sdn. Bhd.Level 23A, Menara MillineumJalan DamanlelaPusat Bandar Damansara50490 Kuala Lumpur

TRUSTEE

AmanahRaya Trustees Berhad (766894-T)

Registered Address

Tingkat 11, Wisma AmanahRayaNo. 2, Jalan Ampang50508 Kuala Lumpur

Business Address

Tingkat 2, Wisma TASNo. 21, Jalan Melaka50100 Kuala LumpurTel: 03-2036 5000 / 5129Fax: 03-2072 0322Website: http://www.artrustees.com.my


SHARIAH COMMITTEE

Ustaz Dr. Ahmad Shahbari @ Sobri SalamonAssociate Professor Dr. Yusof RamliUstazah Dr. Asmak Ab. Rahman

FEDERATION OF INVESTMENT MANAGERS MALAYSIA (FiMM)

Federation of Investment Managers Malaysia19-07-3, 7th Floor, PNB DamansaraNo.19, Lorong Dungun, Damansara Heights 50490 Kuala LumpurTel: 03-2093 2600


3.0 KEY DATA

This section is only a summary of the salient information about the Fund. Investor should read and understand the whole Information Memorandum before making any investment decisions.

3.1 SUMMARY OF FUND INFORMATION

GENERAL INFORMATION ON THE FUND “BIMMF”

For further details,

please refer to page

Name of Fund BIMB Invest Money Market Fund (BIMMF)

Fund Category Wholesale Islamic Money Market Fund

Fund Type Income

Approved Fund Size (units)

1.125 billion units

Unit in circulation as at the LPD

271,827,533.19 units

Financial Year End

30th June

Investment Objective

The Fund seeks to provide liquidity* and current income**, while maintain-ing capital stability*** by investing in instruments that comply with Shariah requirements.

Note:

*liquidity refers to T or T+1 whereby T is the Business Day where a request/application to redeem is received by the Manager before the cut-off time.

**Income will be in the form of Units

***The Fund is not a capital guaranteed fund or a capital protected fund.

Any material changes to the investment objective would require Unit Holders’ approval.

19


Investment Policy and Strategy

BIMMF is a money market fund that is actively managed to provide liquidity to meet the short term cash fl ow requirements of its Unit Holders while providing a reasonable level of current income. Consequently, the investments of BIMMF are largely confi ned to short term Islamic debentures issued by the Malaysian Government, Government-backed agencies, BNM and/or Malaysian corporations which carrying a minimum credit rating of AA3 (RAM or equivalent) and money market instruments, including Islamic accepted bills, banker’s acceptance, certifi cates of deposits, commercial paper of companies carrying a minimum long term credit rating of AA3 by RAM or AA- by MARC or any equivalent credit rating by recognised credit rating agency or minimum short term credit rating of P1 by RAM or MARC-1 by MARC or any equivalent credit rating by recognised credit rating agency. Although the fund is actively managed, the frequency of its trading strategy will very much depend on market opportunities.

Please refer to page 19 for further details.

19

Distribution Policy

The Fund will distribute income at least once a month, subject to availability of income.

19

Mode ofDistribution

The Fund endeavors to distribute income on monthly basis by way of reinvestment in the form of additional units. If income is distributed, it will be automatically reinvested via issuance of additional units, based on NAV per unit at the valuation point immediately following the distribution date.

24

Asset Allocation

The Fund may invest up to 100% of the Fund’s NAV in permitted investments which have a remaining maturity period of not more than 365 days. Only up to 10% of its NAV can be invested in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days. Permitted investments are:• Debentures (including Sukuk / Islamic bond); and• Islamic money market instruments.

20

Benchmark1-month General Investment Account (GIA) of Bank Islam Malaysia Berhad after corporate tax.

21

Specifi c Risk Associated With Investing In The Fund

Credit/Default Risk, Profi t Rate Risk, Liquidity Risk, Concentration Risk. 15

Investor’s Profi le

The Fund is primarily suitable for low risk Qualifi ed Investors who are favoring safety of principal and stability of income but recognizes that it is possible to incur losses by investing in the Fund.

Please refer to page 19 for further details.

19

Investor’s Risk Profi le

Low Risk 19

The Manager / Management Company / Fund Manager

BIMB Investment Management Berhad (“BIMB Invest”) (276246-X) 32

Designated Fund Manager

Encik Ahmad Rizal Ujang 39

The Trustee AmanahRaya Trustees Berhad (766894-T) 40


3.2 FEES AND CHARGES

This table describes the charges that you may directly incur when you purchase or repurchase Units of the Fund.

Charges General InformationFor Details,see page

Sales Charge (% of NAV)

Nil 23

Redemption Fee Nil 23

Transfer FeeA transfer fee of RM3.00 will be charged for each transfer transaction.

Switching Fee per Unit

A switching fee may be imposed by the Manager as follows:-

a. 1st Time : NIL

b. 2ndTime onwards : RM 25 per transaction (switching fee is exempted for investors having a total investment with BIMB Invest of RM 100,000 and above).

23

This table describes the fees that you may indirectly incur when you invest in the Fund.

Fees General InformationFor Details, see page

Management Fee Up to 0.50% per annum of the NAV of the Fund. 23

Trustee FeeFixed at 0.08% per annum of the NAV of the Fund, subject to a minimum fee of RM18,000 per annum

23

Administrative Fees

Only direct fees or costs incurred will be paid out of the Fund including but not limited to the following:Commissions/fees paid to brokers/dealers in affecting dealings in the investments of the Fund (if any);Tax and other duties charged on the Fund by the Government and other authorities (if any);The fee and other expenses properly incurred by the auditor appointed for the Fund;Fees for the valuation of any investments of the Fund by independent valuers;Cost incurred for the modifi cation of the Deed of the Fund other than those for the benefi t of the Manager or Trustee;Cost incurred for any meeting of the Unit Holders other those convened by, or for the benefi t of, the Manager or Trustee; andOther fees/expenses related to the Fund.

24

Other FeeAny applicable bank charges and other bank fees incurred as a result of purchasing or withdrawal of units will be borne by the investor.

24


3.3 INFORMATION ON TRANSACTION OF UNITS

Unit Transaction General InformationFor Details, see pages

Minimum Initial Investment RM100,000.00 29

Minimum Units Held Nil 29

Minimum Additional Investment RM50,000.00 29

Minimum Units RedeemedMinimum 1,000 units or units equivalent to RM1,000 (whichever is higher) or such amount as the Manager may from time to time decide.

Redemption Frequency There is no restriction on the frequency of redemption.

Cut Off Time for Purchase Transaction

4.00 p.m. on a Business Day. Any purchase application received after 4.00 p.m. (cut off time) will be considered to be received on the next Business Day.

29

Cut off Time for Repurchase Transaction

10.30 a.m. on a Business Day. Any repurchase application received after 10.30 a.m. (cut off time) will be considered as received on the next Business Day.

29

Period of Payment of Redemption Proceeds

The next Business Day after the redemption application is received by the Manager at or before 10.30a.m. (cut off time) on a Business Day. Any redemption received after the cut off time will be considered to be received on the next Business Day.

29

3.4 OTHER INFORMATION

Other Information General InformationFor Details, see pages

Deed(s) that govern the FundThe Deed dated 27 March 2009 relating to the Fund, entered into between the Manager and the Trustee.

Avenue For Advice Available To Prospective Investors

BIMB Investment Management Berhad strives to provide investors with high quality information services to assist investors to make well-informed investment decisions in relation to the Fund. BIMB Investment Management Berhad’s service executives are always available to investors during normal offi ce hours Monday – Friday from 9.00 a.m. – 5.00 p.m. to provide assistance for enquiries on their investments. Enquiries can also be made at the nearest Bank Islam branches.

32

Unit prices and distributions payable, if any, may go down as well as up.

Prospective Unit Holders should read and understand the contents of this Information Memorandum and, if necessary, should consult their adviser(s).

There are fees and charges involved and investors are advised to consider them before investing in the Fund.

For information concerning certain risk factors which should be considered by prospective investors, see the “Risk Factors” commencing on page 15-17


4.0 RISK FACTORS

4.1 GENERAL RISKS OF INVESTING IN THE FUND

This section of the Information Memorandum provides you with information on the different types of risks the Fund may be subjected to.

The Fund is exposed to the following general risks:

a. Market Risk – This risk arises due to fl uctuations in market value of investments. Such fl uctuations occur because of factors that affect the entire market. Market risk cannot be eliminated by diversifi cation. It stems from the fact that there are economy-wide perils which threaten all businesses. Hence investors will be exposed to market uncertainties, and no matter how many securities/instruments are held, fl uctuations in the economy, political and social environment will affect the market price of the investments.

b. Financing Risk – This risk occurs when the investor obtains fi nancing provided by any fi nancial institution to fi nance his/her purchase of the Fund. Investors are not advised to take end- fi nancing to purchase Units as they may be exposed to the inherent risk of an increase in profi t rate which can affect the investors’ fi nancing repayment and the risk of having to provide additional collateral (in the event Units are used as collateral) should the price of Units falls. In addition, the investor may not be able to fulfi ll certain repayment obligations due to unforeseen circumstances.

Other fi nancing risk factors to consider include:• the higher the margin of fi nancing, the greater the potential for losses as well as gains;• if the fi nancing taken is a variable profi t rate fi nancing and profi t rates rise, the total repayment amount

will increase.

c. Risk of Non-Compliance – This is a risk where the Fund may be mismanaged due to the Manager’s non-compliance with the provisions set out in the deeds or the laws/guidelines governing the Fund or the Manager’s own internal procedures or where the Manager acts fraudulently or dishonestly in managing the Fund. This may also occur when the Manager does not adhere to the investment mandate or the operational matters in relation to the Fund that may affect Unit Holders’ investments.

d. Shariah Non-Compliance Risk – This is a risk that the Fund may hold instruments which are not Shariah compliant by error or the administration and operation of the Fund are not in line with Shariah rules and principles. If this occurs, there is a possibility that the unit price of the Fund may be adversely affected due to rectifi cation required.

4.2 SPECIFIC RISK ASSOCIATED WITH INVESTING IN THE FUND

The specifi c risks of the Fund include:

a. Credit/Default Risk – Credit or default risk is a concern for fi xed income instruments. The risk arises when an issuer is unable to service any income payments or pay the principal amount upon maturity. In such cases, investors may suffer signifi cant capital losses with respect to their capital invested and income foregone. In general, this risk can be reduced by placing monies selectively with fi nancial insti-tutions with minimum credit rating of AA3 by RAM or AA- by MARC or such equivalent rating by other rating agencies.

b. Profi t Rate Risk – All investments in fi xed income instruments are exposed to profi t rate risk. Changes in the level of general interest rates will cause prices of fi xed income instruments to change inversely. This risk can largely be eliminated by holding the instruments until maturity, thereby locking in price and yields. The decision whether to hold any instrument until maturity or otherwise is on a specifi c instrument basis and will depend on the actual and expected changes in profi t/interest rates. Not all instruments will


be held until maturity as the Fund must have suffi cient liquid assets in the portfolio to meet redemption requests. The Fund also manages profi t rate risk by considering each instrument’s sensitivity to profi t/ interest rate changes as measured by its duration. When profi t rates are expected to increase, the Fund would switch to instruments with lower duration that are less sensitive to interest rate changes. (Note: profi t/interest rate risk is a general economic indicator that will have an impact on the management of a fund regardless of whether it is an Islamic-based fund or otherwise. It does not in any way suggest that this Fund will invest in instruments, which are not Shariah-approved instruments. All investments carried out for this Fund are in accordance with requirements of the Shariah.)

In order to protect the interest of the Fund, the fund manager has the discretion to take into consideration all relevant factors that affect the fair value of the investment via an internal credit assessment process before deciding on the manner and time frame of the liquidation. Investment in fi xed income instruments shall be considered on the following criteria:

• Issuer’s:i. industry and business medium to long term outlook;ii. fi nancial strength and gearing levels;iii. cash-fl ow quality and volatility;iv. expected future cash-fl ow and ability to pay profi t and principal upon maturity;v. credit rating by RAM or MARC; (if available)

• Duration and interest rate sensitivity;• Collateral type and value, and claims priority; and• Price and/or yield-to-maturity.

Furthermore, the above instruments are subject to limits and restriction that are precisely spelt out in the sections titled “Permitted Investment” and “Investment Restrictions and Limits”.

Essentially, the Fund has been structured such that it is confi ned to banking instruments of short duration to maturity in order to minimize the impact of fl uctuations in interest rates on the performance of the Fund over the short term.

c. Liquidity Risk – Liquidity risk is the risk that the security/instrument invested in cannot be readily sold and converted into cash. This can occur when trading volume for the security/instrument is low and / or when there is a lack of demand for the security/instrument. In managing the liquidity risk, the Fund will employ liquidity or ‘volume traded’ analysis on primary and secondary markets for all the securities/instruments held by the Fund. Where applicable, the Fund will look into the historical volume transacted for the securities/instruments in question. The Fund also mitigates liquidity risk by allocating investments into Islamic money market instruments.

d. Concentration Risk – As the Fund is allowed to invest 100% of the assets in a single fi nancial institution, the Fund’s value and/or performance will be dependent on the performance and credit of a particular fi nancial institution.


The Fund has in place a proper risk management structures throughout the entire investment manage-ment process. Various measures include:

• Adhering to the Fund’s investment objectives, policies and strategies of the Fund;• Undertaking stringent evaluation of movements in market prices and regularly monitoring, review-

ing and reporting to the Investment Committee to ensure that all the Fund’s investment objectives are met;

• Managing active and effective asset allocation strategy;• Employing a stringent screening process by conducting fundamental analysis of economic, political

and social factors to evaluate their likely effects on the performance of the markets and sectors;• Practicing prudent liquidity management in a timely and cost effective manner; and • Using fi nancial derivatives for the purposes of hedging only when deemed appropriate after taking

into account the costs of hedging.

It is important to note that events affecting the investments cannot always be foreseen. Therefore, it is not always possible to protect investments against all risks. The various asset classes generally exhibit different levels of risk. The investment of the Fund carries risk and investors are recommended to read the whole Information Memorandum to assess the risk of the Fund.

Investors are reminded that the above list of risks may not be exhaustive and if necessary, they should consult their adviser(s), e.g. their bankers, lawyers, stockbrokers or independent fi nancial advisers for a better understanding of the risks.


5.0 INTRODUCTION TO

SHARIAH-COMPLIANT

WHOLESALE FUND

A Shariah-compliant wholesale fund is a form of investment scheme which provides a channel for qualifi ed investors who share similar fi nancial objectives to pool and invest their monies in a diversifi ed Shariah-compliant portfolio of stocks, Sukuk/ Islamic bond and other securities.

A Shariah-compliant wholesale fund allows investors to have an indirect exposure to a broad mix of Shariah-compliant investment instruments and to benefi t from better differential rate of returns without having to spend substantial time in researching, managing and safeguarding their investments in the dynamic capital or money market environments. Investors may enjoy all benefi ts generated by the wholesale fund including income distribution and capital appreciation from time to time.

How Does the Shariah-Compliant Wholesale Fund Work?

A Shariah-compliant wholesale fund involves three parties namely the investors, the manager and the trustee. The contract (aqad) is initiated between the investors and the manager. The manager is appointed by the investors to undertake the investment activities on their behalf. The Shariah Committee advises and ensures that the manager invests the assets of the fund in Shariah-compliant investments. The trustee acts as the independent party to safeguard the investors’ assets in the fund. The operation of a Shariah-compliant wholesale fund is governed by a legal document called a deed. It shows the rights and obligations of the manager, the appointment and role of the Shariah Committee, the rights and duties of the trustee and the rights of the investors. It also specifi es in detail how the fund is to be operated and managed and how fees are to be charged.

A Shariah-compliant wholesale fund will be strictly monitored by a Shariah Committee which is made up of learned and qualifi ed Muslim scholars. Its role is to provide Islamic advice and guidance to the manager to ensure that all activities of the fund comply with Shariah laws and requirements. The members of the Shariah Committee or adviser should be well versed in the fi nancial markets and should have proven track records in the implementation of Shariah rules and principles. The Shariah Committee or adviser also operates independently from the manager and some of its roles are as follows:

i. ensuring that the fund is managed and administered in accordance with Shariah rules and principles;ii. reviewing the reports on the fund’s transactions provided by the manager to ensure compliance with Shariah

rules and principles; iii. preparing reports to be included in the fund’s quarterly and annual report; and iv. ensuring that the fund complies with any guidelines, ruling or decision issued by the SC in relation to Shariah

matters.


6.0 DETAILED

INFORMATION

OF THE FUND

6.1 FUND’S PROFILE

Name of Fund BIMB Invest Money Market Fund (BIMMF)

Category of Fund Wholesale Islamic Money Market Fund.

Type of Fund Income.

Investor’s Risk Profi le Low Risk.

Distribution Policy The Fund will distribute income at least once a month, subject to availability of income.

6.2 INVESTOR’S PROFILE

The Fund is primarily suitable for low risk Qualifi ed Investors who are favoring safety of principal and stability of income but recognizes that it is possible to incur losses by investing in the Fund.

In summary, The Fund is suitable for investors who:• invest the cash portion of an investment portfolio; and/or• “park” money aside while waiting to make another investment.

It is also suitable for investors who:• have either a short or medium term investment horizon;• want a portfolio of investments that adhere to the Shariah rules and principles;• desire a stream of income;• seek for security and fl exibility in investment; and/or• want easy access to their Fund.

6.3 INVESTMENT OBJECTIVE

The Fund seeks to provide liquidity* and current income**, while maintaining capital stability*** by investing in instruments that comply with Shariah requirements.

Note: *liquidity refers to T or T+1 whereby T is the Business Day where a request/application to redeem is received by the Manager before the cut-off time.**Income will be in the form of Units***The Fund is not a capital guaranteed fund or a capital protected fund.Any material changes to the investment objective would require Unit Holders’ approval.

6.4 INVESTMENT POLICIES AND STRATEGIES

BIMMF is a money market fund that is actively managed to provide liquidity to meet the short term cash fl ow requirements of its Unit Holders while providing a reasonable level of current income. Consequently, the investments of BIMMF are largely confi ned to short term Islamic debentures issued by the Malaysian Government, Government-backed agencies, BNM and/or Malaysian corporations which carrying a minimum credit rating of AA3 (RAM or equivalent) and money market instruments, including Islamic accepted bills, banker’s acceptance, certifi cates of deposits, commercial paper of companies carrying a minimum long term credit rating of AA3 by RAM or AA- by MARC or any equivalent credit rating by recognised credit rating agency or minimum short


term credit rating of P1 by RAM or MARC-1 by MARC or any equivalent credit rating by recognised credit rating agency. Although the Fund is actively managed, the frequency of its trading strategy will very much depend on market opportunities.

If the credit rating of any instrument falls below the minimum rating, the Fund may dispose the investment. However, the Fund reserves the right to maintain the investment if the downgrade is expected to be temporary.

Any investment decision will be made to achieve the maximum returns to the Fund after considering the risk involved.

6.5 ASSET ALLOCATION

The Fund may invest up to 100% of the Fund’s NAV in permitted investments which have a remaining maturity period of not more than 365 days. Only up to 10% of its NAV can be invested in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days. Permitted investments are:

• Debentures (including Sukuk / Islamic bond); and• Islamic money market instruments. The asset allocation between the various investment assets referred to above and the decision to invest, sell or trade are based on the decision of the Fund Manager who adopts an active fund management approach.

6.6 RISK MANAGEMENT

The Manager has in place proper risk management structures including:

a. strict adherence to the Fund’s investment objective, policies and strategies as stated in the Information Memorandum and Deed. The Trustee will provide oversight function to the Manager in relation to the Fund’s investment objective, policies and strategies as stated in the Information Memorandum and Deed;

b. conducting regular monitoring, as well as evaluation of market prices; valuation reports are generated daily to be reviewed by the Manager’s designated compliance offi cer. The same report is then forwarded to the Trustee;

c. reviewing and reporting investment matters to the Investment Committee of the Fund and to the management; the Manager’s designated compliance offi cer shall review and report investment matters to the respective Investment Committee members of the Fund and escalate to the senior management of the Manager and Shariah Committee, where applicable, including notifying the Board of Directors;

d. employing active and effective asset allocation strategy; asset allocation of the Fund is monitored and reviewed daily by the Manager to ensure that the investment objective of the Fund is adhered to; and

e. practising prudent liquidity management in a timely and cost effective manner.

6.7 BENCHMARK

The benchmark for the Fund is based on the 1-month General Investment Account of Bank Islam Malaysia Berhad after corporate tax, which is published at the branches of Bank Islam and website : http://www.bankislam.com.my.

However, please note that the risk profi le of the Fund is higher than the benchmark and as a result of the higher risk assumed, the expected returns of the Fund should be higher than the benchmark. Unit Holders should be advised that unlike a placement in a deposit, there is a potential loss.


6.8 PERMITTED INVESTMENTS

The Fund may invest in the following:

1. Cash;2. Fixed deposits, money market instruments and any other treasury product; 3. Government securities and any other securities guaranteed by Malaysian Government, Bank Negara

Malaysia or other related Government agencies;4. Islamic debentures/ Sukuk / Islamic bond carrying minimum rating of AA3 by RAM or AA- by MARC or

equivalent; 5. Islamic commercial paper carrying minimum rating of P1 by RAM or MARC-1 by MARC or equivalent; and

Provided always that the investment or investment powers as set out above shall at all times conform to the rules and principles of Shariah and the advice of the Shariah Committee for the time being appointed or engaged by the Manager.

6.9 INVESTMENT RESTRICTIONS AND LIMITS

The restrictions and investment limits for this Fund are as follows:

i. The value of the Fund’s holding in permitted investments (refer to Islamic fi xed income instruments, Islamic money market instruments and placement of approved deposits) traded on an eligible market must not be less than 90% of the Fund’s NAV;

ii. The value of the Fund’s holding in permitted investments which have a remaining maturity period of not more than 365 days must not be less than 90% of the Fund’s NAV;

iii. The value of the Fund’s holding in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days must not exceed 10% of the Fund’s NAV;

iv. The value of the Fund’s holding in permitted investments that are not traded in, or under the rules of, an eligible market must not exceed 10% of the Fund’s NAV;

The above limits and restrictions must be complied with at all times based on the most up-to-date value of the Fund and value of the investments. However, a 5% allowance in excess of any limit or restriction may be permitted where the limit or restriction is breached through the appreciation or depreciation of the NAV of the Fund (whether as a result of an appreciation or depreciation in the value of the investments or as a result of repurchase of units or payment made from the Fund). The Manager will not make any further acquisitions to which the relevant limit is breached and the Manager should within a reasonable period of not more than 3 months from the date of the breach take all necessary steps and actions to rectify the breach.

6.10 VALUATION OF ASSETS

In undertaking any of its investments, the Manager will ensure that all the assets of the Fund will be valued at fair value.

For unlisted Islamic securities, if reliable quotation exists, market value would be used. In the absence of reliable market quotation, valuation would be based on the average price obtained from at least 3 independent dealers. The valuation of these securities will be calculated fortnightly or on a frequent basis when the need arises. These methods of valuation are verifi ed by the auditor of the Fund and approved by the Trustee.

6.11 VALUATION POINT FOR THE FUND

Valuation of the Fund is carried out at the end of each Business Day. As Forward Pricing method is used for this Fund, any request received on or before 4.00 p.m. on any Business Day, the Units would be created and/or cancelled based on the NAV per Unit at the end of that Business Day. Any request received after the cut off time will be considered to be received on the next Business Day.


6.12 POLICY ON GEARING AND MINIMUM LIQUID ASSETS REQUIREMENTS

The Fund is not permitted to borrow cash or other assets (including securities) in connection with its activities.


7.0 FEES, CHARGES

AND EXPENSES

There are charges and fees involved and investors are advised to consider the charges and fees before investing in the Fund.

7.1 CHARGES DIRECTLY INCURRED

This table describes the charges that you may directly incur when you purchase or repurchase Units.

Sales Charge The Manager will NOT impose any sales charges on the sales of units.

Redemption Fee The Manager will NOT impose any redemption charge on any redemption.

Transfer Fee A transfer fee of RM3.00 will be charged for each transfer transaction.

Switching Fee per Unit

A switching fee may be imposed by the Manager as follows :-

a. 1st Time : NIL

b. 2ndTime onwards : RM 25 per transaction(switching fee is exempted for investors having a total investment with BIMB Invest of RM 100,000 and above).

7.2 POLICY ON ROUNDING ADJUSTMENT

The NAV per Unit of the Fund is rounded to four (4) decimal places. When you invest in the Fund, the investment amount payable by you will be rounded to two (2) decimal places. Units in your account will be rounded to two (2) decimal places. Your redemption value will also be rounded to two (2) decimal places.


7.3 FEES INDIRECTLY INCURRED

This table describes the fees that you may indirectly incur when you invest in the Fund.

Type of Fees

Management Fee

The Fund pays an annual management fee of up to 0.50% per annum of the NAV to the Manager for managing the Fund. The management fee is calculated and accrued on a daily basis, payable monthly to the Manager.

Illustration:

For example, assuming the NAV of the Fund is RM100 million throughout the month, and the Management fee is 0.50% p.a., then, the daily accrued management fee is : RM100 million x 0.50% x 1/365 = RM1,369.86 and monthly amount payable to the Manager is : RM1,369.86 X 30 days = RM41,095.80

Trustee Fee

The Fund pays an annual trustee fee (inclusive of local custodian fee but excluding foreign sub-custodian fee) of 0.08% per annum of the NAV of the Fund, subject to a minimum fee of RM18, 000.00 per annum. In addition to the annual trustee fee, which includes the transaction fee, i.e. the fee incurred for handling purchase/sale of local investments, the Trustee may be reimbursed by the Fund for any expenses properly incurred by it in the performance of its duties and responsibilities. The trustee fee is calculated daily and paid monthly.

Illustration:

Assuming the NAV of the Fund is RM100 million throughout the month, and the Trustee fee is 0.08% p.a., then, the daily accrued trustee fee would be: RM100 million x 0.08% x 1/365 = RM219.18 and the monthly amount payable to the Trustee would be: RM219.18 X 30-days = RM6,575.40.

Administra-tive Fee

Only direct fees or costs incurred will be paid out of the Fund including but not limited to the following:• Commissions/fees paid to brokers/dealers in affecting dealings in the investments of the

Fund (if any);• Tax and other duties charged on the Fund by the Government and other authorities (if any);• The fee and other expenses properly incurred by the auditor appointed for the Fund;• Fees for the valuation of any investments of the Fund by independent valuers;• Cost incurred for the modifi cation of the Deed of the Fund other than those for the benefi t of

the Manager or Trustee;• Cost incurred for any meeting of the Unit Holders other those convened by, or for the benefi t

of, the Manager or Trustee; and• Other fees/expenses related to the Fund.

Other FeeAny applicable bank charges and other bank fees incurred as a result of purchasing or withdrawal of units will be borne by the investor.

7.4 POLICY ON STOCKBROKING REBATES AND SOFT COMMISSION

The Manager or any delegate thereof shall not retain any rebate from, or otherwise share in any commission with, any broker in consideration for direct dealings in the investments of the Fund. Accordingly, any rebate or shared commission shall be directed to the account of the Fund concerned. However, the Manager or any delegate thereof may retain goods and services (“Soft Commissions”) from any broker/dealer, only if the goods and services are of demonstrable benefi t to the Unit Holders such as research materials and computer software which are incidental to the investment management activities of the Fund.


7.5 MODE OF DISTRIBUTION

The Fund endeavors to distribute income on monthly basis by way of reinvestment in the form of additional units. If income is distributed, it will be automatically reinvested via issuance of additional units, based on NAV per unit at the valuation point immediately following the distribution date.

There is no incidental cost associated with the reinvestment.

7.6 MANAGEMENT EXPENSES RATIO (MER)

The Management Expense Ratio is the total management expenses expressed as an annual percentage of the Fund’s average Net Assets Value.

There are fees and charges involved and those investors are advised to consider the fees and charges before investing in the Fund.


8.0 TRANSACTION

INFORMATION

8.1 DETERMINATION OF PRICES

8.1.1 Computation of NAV and NAV per Unit

Net Asset Value of the Fund is determined by deducting the value of the Fund’s liabilities from the value of the Fund’s assets, at the valuation point. For the purpose of computing the annual management fee and annual trustee fee, the NAV of the Fund shall be inclusive of the management fee and the trustee fee for the relevant day.

For illustration purposes, we assume the following for a particular day:-

Shariah-compliant investments of the Fund =RM110,000,000.00

Other assets including cash = RM50,000,000.00

Liabilities of the Fund = RM30,000,000.00

Number of Units in circulation = 100,000,000.00

Management fee = RM1,780.82

Trustee fee = RM284,93

The NAV of the Fund will be:-

RM

Shariah-compliant investments 110,000,000.00

Add other assets 50,000,000.00

Total assets 160,000,000.00

Less:

Liabilities 30,000,000.00

NAV (before deduction of management fee and trustee fee for the day) 130,000,000.00

Less:

Management fee for the day 1,780.82

Trustee fee for the day 284.93

NAV 129,997,934.25

The NAV per Unit of the Fund will be: RM129,997,934.25100,000,000= RM1.2999793425= RM1.3000 (adjusted to 4 decimal places)

Please note that the NAV per Unit will be rounded up to four (4) decimal places for the purposes of publication of the NAV per Unit.


8.1.2 Pricing of Units

The repurchase and sale transactions will be executed on a Forward Pricing basis. Under the Forward Pricing basis:

a. the sale of Units by the Manager to an investor will be executed at the Selling Price at the next valuation point after the purchase request from the investor is received by the Manager; and

b. the repurchase of Units by the Manager from an investor will be executed at the Repurchase Price at the next valuation point after the sale/repurchase request from the investor is received by the Manager.

For the Fund, all transactions of Units by an investor on a Business Day will be based on the NAV at the valuation point.

A transaction of Units of the Fund by an investor is considered as carried out on a particular Business Day only if the payment together with completed application form and relevant supporting documents are received by the Manager not later than 10.30 a.m. (or such other time as the Manager may deem fi t in its discretion) on that same Business Day. In the event the same is only received by Manager after 10.30 a.m. (or such other time as the Manager may deem fi t in its discretion), the transaction is considered as carried out on the immediate following Business Day. Any payment made on a non-Business Day shall be treated as payment made in the following Business Day.

8.1.3 Manager’s Single Pricing Regime

The Securities Commission has implemented a Single-Pricing Regime (SPR) effective 1 July 2007. The single pricing which equates to sales and repurchases quoted and transacted on a single price (i.e. NAV per unit), offer many advantages to investors. Under the SPR, both the repurchase price and the Selling Price should be the NAV per Unit of the Fund as at the next valuation point following an application to purchase or request for repurchase of Units of the Fund is received by the Manager. The repurchase charge and sales charge are calculated and charged separately, therefore it is easier to understand and fairer to investors as they can see what they are being charged for.

a. Purchase of Units

The minimum initial investment for Units of the Fund is One Hundred Thousand Ringgit (RM100,000) or such amount as the Manager may from time to time decide. The minimum additional investment for Units of the Fund is Fifty Thousand Ringgit (RM50,000) or such amount as the Manager may from time to time decide.


Based on the above, Investor A will have 100,000 units credited into his investment account as shown below:-

Amount investedNAV per Unit

= RM100,000= RM1.0000

Units credited to investor’s account = 100,000 Units

Sales charge per Unit = NAV per Unit x Sales Charge (%)= RM1.000 x 0.0%= NIL

Total sales charge incurred by Investor A

= Sales Charge per Unit x Units Credited to Investor’s account= RM0.0 x 100,000 Units= NIL

Total amount payable by Investor A = Amount Invested in the Fund + Sales Charge incurred= RM100,000 + RM0= RM100,000

Investors can obtain the Information Memorandum, account opening form and investment application form from BIMB Invest. The Fund application form can be handed directly to the Manager’s business offi ce, or sent by mail, together with a cheque or bank draft made payable to “BIMB Invest Money Market Fund (BIMMF)”.

All cheques and bank drafts have to be crossed and drawn on a local bank. Bank charges, where relevant, for outstation cheques will be borne by the investors. Individual or joint-application must be accompanied by a copy of the applicant’s identity card or passport or other document of identifi cation.

Application by a corporation must be accompanied by a certifi ed true copy of its Memorandum and Articles of Association, Certifi cate of Incorporation, Form 24, Form 44, Form 49 and Board Resolution relating to the investment, a list of their authorized signatories and their respective specimen signatures. Sale of Units will only be honored upon cheque clearance. If sale of Units is by way of telegraphic transfer, a bank validated Fund transfer form must be presented as evidence of payment.

b. Repurchase of Units

Unit Holders may redeem their investments in the Fund at any point in time by simply completing the repurchase application form and returning it to the Manager on any Business Day. Repurchase can be made either in terms of Units or in Ringgit Malaysia (RM) values. The amount to be received by the Unit Holder for repurchase of Units will be calculated by either multiplying the number of Units redeemed by the Manager’s buying price or dividing the Ringgit Malaysia (RM) amount with the prevailing NAV per Unit to determine the total Units to repurchase.

However, there is no repurchase charge payable for this Fund.The following illustrations demonstrate the two (2) computation methods of repurchase:


Computation no. 1 – Repurchase Request by giving Total Absolute Ringgit instruction

Repurchase Amount Request = RM10,000

Repurchase Charge = 0%

NAV per Unit = RM1.000

Total Units to Repurchase = Repurchase Amount divided by NAV per Unit= RM10,000 / RM1.000= 10,000 Units

Computation no. 2 – Repurchase Request by giving Total Number of Units instruction

Repurchase Units Request = 10,000 Units

Repurchase Charge = 0%

NAV per Unit = RM1.000

Total Repurchase Proceeds = Units Repurchase x NAV per Unit= 10,000 Units x RM1.000= RM10,000

8.1.4 Incorrect Pricing

Subject to any relevant laws, if there is an error in the pricing of the NAV per Unit of the Fund; the Manager will take immediate remedial action to correct the error. Rectifi cation shall, where necessary, extend to the reimbursements of money as follows if the error is at or above the signifi cant threshold of 0.5% of the NAV per Unit:-

a. if there is an over pricing in relation to the purchase and creation of Units, the Manager shall reimburse the Unit Holder;

b. if there is an over pricing in relation to the repurchase of Units, the Manager shall reimburse the Fund;

c. if there is an under pricing in relation to the purchase and creation of Units, the Manager shall reimburse the Fund; and

d. if there is an under pricing in relation to the repurchase of Units, the Manager shall reimburse the Unit Holder or former Unit Holder.

The Manager retains the discretion whether or not to reimburse if the error is below 0.5% of the NAV per Unit or where the total impact on an individual account is less than RM10.00 in absolute amount. This is because the reprocessing costs may be greater than the amount of the adjustment.

8.2 TRANSACTION DETAILS

8.2.1 Minimum Initial Investment

The Minimum Initial Investment is RM100,000 or such amount as the Manager may from time to time decide.

8.2.2 Minimum Additional Investment

The Minimum Additional Investment is RM50,000 or such amount as the Manager may from time to time decide.


8.2.3 Minimum Units Held

NIL

Note:

The Manager may waive this requirement or vary the minimum amount stipulated at its sole and absolute discretion.

8.3 PROCEDURES AND PROCESSES

8.3.1 Where to Purchase and Repurchase

Units can be purchase or repurchase on any Business Day from Monday to Friday between 9.00 a.m. to 5.00 p.m. The cut off time for a purchase transaction is 4.00 p.m. on a Business Day. Any purchase received after 4.00 p.m. (cut off time) will be considered to be received on the next Business Day.

The cut off time for a repurchase transaction is 10.30 a.m. on a Business Day. Any repurchase application received after 10.30 a.m. (cut off time) will be considered as received on the next Business Day. Such repurchase requests are deemed received and shall be irrevocable only if all documents and forms received by the Manager are duly and correctly completed.

In the event that Monday is not a Business Day, the application for repurchase can be made on the next Business Day. The Manager has the right to defer repurchase if such request would adversely affect the Fund.

8.3.2 Payment of Repurchase upon Receipt of Repurchase Application

Payment of repurchase shall be on:

i. the Business Day after the repurchase application is received by the Manager before the cut off time; or

ii. the next Business Day after the repurchase application is received by the Manager before the cut off time.

Any repurchase received after the cut off time will be considered to be received on the next Business Day.

Alternatively, the Manager may request the Trustee to cancel Units of the Fund for the purpose of meeting Unit Holders repurchase requests. In such circumstances, the Trustee will pay the Manager within the next Business Day of receipt of such request or such period as may be agreed by the Manager and the Trustee in the event the Fund does not have suffi cient or other liquid assets to make the payment.

8.4 DISTRIBUTION CHANNEL

Units can be purchased and repurchased during normal business/banking hours at the business offi ce of BIMB Invest and at the nearest Bank Islam branches.

8.5 DISTRIBUTION POLICY

The Fund will distribute income at least once a month, subject to availability of income.


8.6 UNCLAIMED MONIES POLICY

Repurchase proceeds payable to Unit Holders who have requested for full or partial repurchase of their investments in the Fund that remain unclaimed after twelve (12) months as prescribed by the Unclaimed Moneys Act, 1965 (as may be amended from time to time), shall be lodged with the Registrar of Unclaimed Moneys in accordance with the provisions of the Act.

8.7 ANTI-MONEY LAUNDERING POLICIES AND PROCEDURES

When establishing or conducting business relations, particularly when opening new accounts and entering into a fi duciary transaction with a client, the Manager identifi es and verifi es the investors through documents such as identity card, passport, birth certifi cate, driver’s license, constituent documents or any other offi cial documents, whether in the possession of a third party or otherwise. Such documents shall be filed by the Manager in accordance with relevant laws.

Where the Manager suspects that a particular transaction may not be genuine, a Suspicious Transaction Form (STF) shall be completed. The Compliance, Risk & Legal Department shall discuss the contents of the STF together with the chief executive offi cer of the Manager to ascertain if reasonable grounds exist for further action. If further action(s) is warranted, a Suspicious Transaction Report (STR) will then be submitted to the Financial Intelligence Unit of Bank Negara Malaysia.

Investors Are Advised Not To Make Payment In Cash When Purchasing Units Of the Fund Via Any Institutional/ Retail Agent. Prospective Unit Holders Should Read And Understand The Contents Of This Information Memorandum And If Necessary, Consult Your Adviser(s).


9.0 CLIENT

COMMUNICATION

i. Avenue for Advice Available to Prospective Investors

BIMB Investment Management Berhad strives to provide investors with quality information services to assist investors to make well informed investment decisions in relation to the Fund. BIMB Investment Management Berhad’s service executives are always available to investors during normal offi ce hours Monday – Friday from 9.00 a.m. – 5.00 p.m. whenever you have any enquiries and require any form of assistance with your investments. Enquiries can also be made at the nearest Bank Islam branches.

ii. Website

Unit Holders will be able to obtain information pertaining to the Fund from Bank Islam’s website on http://www.bankislam.com.my.

iii. NAV per Unit of the Fund

The daily NAV per Unit of the Fund is available at the Manager’s business offi ce and will be sent by the Manager to the Unit Holders via electronic mail.

iv. Statement of Investment and Fund’s Financial Reports

The Manager will publish and send to every Unit Holder quarterly and annual reports of the Fund.

Statements to Confi rm and Record Transaction

Computer-generated monthly statement of accounts will be issued to provide investor with a record of each and every transaction made in his account so that he may confi rm the status and accuracy of his transactions.

Quarterly and Annual Reports

The investment strategies, performances, portfolio holdings and accounts of the Fund are detailed in quarterly and annual reports which are sent to all Unit Holders of the Fund within 2 months of the end of the period covered. A fi nancial statement audited by the Fund’s appointed auditors will be included in the annual report.


10.0 THE MANAGER

10.1 Corporate Profi le of The Manager

The Manager of the Fund is BIMB Investment Management Berhad (BIMB Invest), a wholly-owned subsidiary of Bank Islam which in turn is 51% owned by BIMB Holdings Bhd, a company listed on the Bursa Malaysia Berhad. BIMB Invest, a licensed fund manager, was incorporated on 14th September 1993 and commenced its operations on 20th June 1994. As at LPD, BIMB Invest which has been in the unit trust industry for 17 years has an authorised capital of RM20 million and issued and paid up capital of RM15 million. As at LPD, BIMB Invest manages total fund size of RM853.95million.

As at LPD, BIMB Invest manages six (6) other funds namely BIMB i Growth, ASBI Dana Al-Fakhim, ASBI Dana Al-Munsif, ASBI Dana Al-Falah, BIMB i Dividend and BIMB i Cash Management Fund with 22 staff force comprising 16 executives and 6 non-executives. As the Manager of the Fund, BIMB Invest is responsible for the day-to-day operations of the Fund in accordance with the provisions of the Deed. The main responsibilities of BIMB Invest include:

• managing the investment portfolio of the Fund;• arranging the sale and repurchase of Units;• keeping proper records of the Fund and Unit Holders;• issuing reports on the performance to Unit Holders;• arranging distribution of income and/or Units to Unit Holders; and• marketing the Units of the Fund to investors.

BIMB Invest has been appointed as the institutional fund manager under the EPF Member Investment Scheme (EMIS). Member of EPF could withdraw from the EPF Account 1 to invest in any of the three (3) ASBI funds* with the conditions that the member has to be below 55 years of age and the Account 1 must have a balance of not less than RM55,000.

*Note: As at LPD, ASBI Dana Al-Fakhim, ASBI Dana Al-Munsif, and ASBI Dana Al-Falah are approved under EPF Investment Scheme. Please refer to Master Prospectus Dated 5 November 2011 and Expires 4 November 2012 for further information.

10.2 Organisational Structure of The Manager

The overall responsibility for the operation of the company is vested with the Chief Executive Offi cer who is accountable to the Board of Directors. While the Board primarily decides on policy matters, the Investment Committee assumes responsibility for formulating and monitoring the Fund’s investment strategies. In ensuring the decisions of the Board and Investment Committee adhere strictly to the rules and principles of Shariah, all investment and activities of the Fund will be supervised by the Manager’s Shariah Committee. The Shariah Committee will meet once every quarter to discuss Shariah-related matters. The Shariah Committee will also monitor and advice on operational matters, investments transactions as well as the administrative matters of the Manager to ensure that all are in line with the Shariah rules and principles. Other than the above-mentioned responsibilities, the Shariah Committee will prepare a Shariah Report twice a year.

The Board of Directors meets once every two months to provide advice on matters relating to the Manager’s operation and fund’s policies. Meanwhile, the Investment Committee meets at least six times a year to discuss, review and approve the investment strategies and asset allocation of the Fund.


10.3 Financial Highlights

Financial Year Ended 31 December (2009 – 2011)

Financial YearEnded 31 Dec 2009

(RM)


(RM)


(Unaudited)(RM)

Issued and Paid Up Capital

10,000,000 15,000,000 15,000,000

Shareholder’s Funds 10,617,256 12,087,347 11,589,692

Turnover 1,108,633 4,847,423 6,642,900

Pretax Profi t / Loss (2,111,998) (3,605,407) (485,920)

After Tax Profi t / Loss (2,111,998) (3,529,909) (497,655)

10.4 BOARD OF DIRECTORS

Name : DATO’ SRI ZUKRI SAMAT

Position : Chairman – Non Executive

Experience :

He was appointed as Managing Director of Bank Islam on 9 June 2006. Prior to this appointment, he was the Executive Director of Investment of Khazanah Nasional Berhad, the investment arm of the Government of Malaysia (“Government”). Before that, he was the Managing Director of Pengurusan Danaharta Nasional Berhad (“Danaharta”), a national Asset Management Company set up by the Government during the 1997/1998 fi nancial crisis. He joined Danaharta in October 1998 as the General Manager, Operations Division and was later promoted as the Director of Operations in August 2001, assuming direct line responsibility for all loan recovery activities of Danaharta. On 1 July 2003, he was then appointed as the Managing Director until December 2005, when Danaharta ceased its operation.

Dato’ Sri Zukri is the Chairman of Islamic Banking and Finance Institute Malaysia Sdn Bhd (“IBFIM”), a director of Asian Institute of Finance (“AIF”), a member of the Professional Development Panel of International Centre for Education in Islamic Finance (“INCEIF”), a director of Amana Investments Limited (Sri Lanka), a director of Amana Bank Limited (Sri Lanka), an Investment Advisory Committee Member of CMREF 1 Sdn Bhd, Chairman of Trustee of Islamic Banking and Finance Institute Malaysia Sdn Bhd (“IBFIM”), Deputy President of Association of Islamic Banking Institutions Malaysia (“AIBIM”). Dato’ Sri is also the Chairman of Bank Islam’s subsidiaries including BIMB Investment Management Berhad and Farihan Corporation Sdn. Bhd.

Qualifi cations : Master of Business Administration (Finance), University of Hull, United Kingdom


Name : MUSTAPHA HAMAT

Position : Non-Executive Independent Director

Experience :

His previous positions among others are the Chief Executive Offi cer of Islamic Banking and Finance Institute Malaysia Sdn Bhd (IBFIM) and the General Manager of Bank Islam Retail Banking Division and Accounts Division. He is a member of Malaysian Institute of Accountants.

Qualifi cations : He holds a Shahada Ulia (Highest Certifi cate of Kolej Islam Malaya), a Bachelor of Economics in Accounting from the University of Malaya and a Masters in Business Administration from Brunel University, England.

Name : GHAZALI AWANG

Position : Non-Executive Independent Director

Experience :

He is a member of Chartered Accountant (Australia) and the Malaysian Institute of Accountants. He has had knowledge and experience in unit trust and investment related business through his previous positions as Chief Accountant at Amanah Saham Nasional Bhd, Senior Manager of Finance and Administration of Permodalan Nasional Berhad and Audit Manager/Finance Services Manager and Chief Accountant/Fund Manager at Shell Malaysia, Executive Director, Finance and Corporate services, Kumpulan Guthrie Berhad. He holds directorships in several companies including Heitech Padu Bhd and CCM Duopharma Biotech Bhd, Bank Simpanan National, Prudential BSN Takaful Berhad and Lembaga Tabung Haji.

Qualifi cations : Bachelor of Commerce Degree from University of Newcastle, New South Wales and M.A. (Magister Agama) Institut Agama Islam Negeri Imam Bonjol, Padang.

Name : AHMAD MUDAHIR OMAR

Position : Non-Executive Non Independent Director

Experience :

He has been with Bank Islam since 2001 and presently the Head of Product Development. He has 23 years of experience in the financial services, including supervision and examination of Financial Institutions, Unit Trust operations and Risk Management of Islamic Bank. Prior to joining Bank Islam, he was attached to various organisations namely Bank Negara Malaysia, Amanah Capital Partners Berhad and Asia Unit Trust Berhad.

Qualifi cations : Bachelor Degree in Economics (Hons) from University of Malaya.


Name : KHAIRUL KAMARUDIN

Position : Non-Executive Non Independent Director

Experience :He has been with Bank Islam since 2005 and currently holding the position of General Manager of Consumer Banking. Prior to joining Bank Islam, he was attached to various organizations; Pengurusan Danaharta Nasional Berhad and PricewaterhouseCoopers.

Qualifi cations : Bachelor of Laws (Hons) from Anglia University, United Kingdom.

Name : NAZARUDDIN OTHMAN

Position : Chief Executive Offi cer

Experience :

He began his career with Price Waterhouse Kuala Lumpur as an auditor before joining the Securities Commission Malaysia (SC) in 1997. His last position in the SC being the Senior Manager in Managed Investment Schemes Department. He joined BIMB Invest on 5 September 2011 as the Chief Operating Offi cer before being appointed as the Chief Executive Offi cer with effect from 12 March 2012 after SC’s approval.

Qualifi cations : Masters in Business Administration (Finance) from Cardiff University, UK and Bachelor of Accounting (IIUM).

10.5 INVESTMENT COMMITTEE

The roles and primary functions of the Investment Committee shall include: to approve formulation of portfolio strategy in so far the portfolio mix and size of portfolio to be carried, to discuss, review and approve the investment strategy for the ensuing period, to approve funding of investment activities for the ensuing period, to review performance and portfolio composition and to make necessary recommendation there from, to review and assess the previous recommendation strategy, to recommend to the Board of Directors on the payment of distribution to the Unit Holders and to report to the Board of Directors on the performance of the Fund and to take instructions there from. The Investment Committee meets once a month or as and when required by the Manager.

Name : GHAZALI AWANG and MUSTAPHA HAMAT

Position : Independent Member

Experience : Refer to aforementioned

Qualifi cations : Refer to aforementioned


Name : NORASHIKIN MOHD KASSIM

Position : Non-Independent

Experience :

She has been with Bank Islam since 2006 and currently holding the position of General Manager, Treasury. She has more than 15 year of experience locally and abroad. Prior to joining Bank Islam, she was attached to Standard Chartered Bank and Citibank. She currently hold directorship in BIMB Foreign Currency Clearing Agency Sdn Bhd, a wholly-owned subsidiary of Bank Islam Malaysia Berhad.

Qualifi cations :

Master’s Degree of Science In Actuarial Science from University of London, Master’s Degree of Arts in Mathematics from University of Oxford, MSc. Islamic Banking and Finance from International Islamic University and Chartered Financial Analyst (CFA) charter holder.

Name : JEROEN P.M.M THIJS


Experience :

He has been with Bank Islam since 2009 and currently holding the position of Chief Risk Offi cer. He has 20 years of international banking experience in both Asia and Europe. Prior to joining Bank Islam, he was attached to ABN AMRO Bank in Singapore, Amsterdam, London and Tokyo.

He is a member of the Asian Institute of Finance (AIF) Risk Management Advisory Committee and Islamic Banking Curriculum Development respectively and a Com-mittee Member of the Professional Risk Managers International Association, Malaysia (PRMIA).

Qualifi cations : Master’s Degree In Business Economics from The Erasmus University Rotterdam

Name : NORASHIKIN MOHD KASSIM


Experience :

She has been with Bank Islam since 2006 and currently holding the position of General Manager, Treasury. She has more than 15 year of experience locally and abroad. Prior to joining Bank Islam, she was attached to Standard Chartered Bank and Citibank. She currently hold directorship in BIMB Foreign Currency Clearing Agency Sdn Bhd, a wholly-owned subsidiary of Bank Islam Malaysia Berhad.

Qualifi cations :

Master’s Degree of Science In Actuarial Science from University of London, Master’s Degree of Arts in Mathematics from University of Oxford, MSc. Islamic Banking and Finance from International Islamic University and Chartered Financial Analyst (CFA) charter holder.

Name : JEROEN P.M.M THIJS


Experience :

He has been with Bank Islam since 2009 and currently holding the position of Chief Risk Offi cer. He has 20 years of international banking experience in both Asia and Europe. Prior to joining Bank Islam, he was attached to ABN AMRO Bank in Singapore, Amsterdam, London and Tokyo.

He is a member of the Asian Institute of Finance (AIF) Risk Management Advisory Committee and Islamic Banking Curriculum Development respectively and a Com-mittee Member of the Professional Risk Managers International Association, Malaysia (PRMIA).

Qualifi cations : Master’s Degree In Business Economics from The Erasmus University Rotterdam


10.6 SHARIAH COMMITTEE

The process of product development, compliance and delivery is strictly overseen by the Shariah Committee, which is made up of learned Muslim scholars. The Shariah Committee has been established to provide advice and guidance to ensure that all activities comply with Shariah rules and principles. The members of the Shariah Committee are well versed in the fi nancial markets and have a proven track record in the implementation of Shariah rules and principles. Besides that, Shariah Division of Bank Islam Malaysia Berhad, the parent company of BIMB Invest is supporting or assisting on Shariah matters in addition to the roles of the Shariah Committee.

The Shariah Committee operates independently from the investment committee and meets once every quarter with the Manager. To ensure strict compliance with the Shariah Requirements, the list of the Shariah-compliant securities will be updated by the Shariah Committee twice yearly, for inclusion or exclusion from the said list. Its role is to provide expertise and guidance as well as:

i. ensuring that the Fund is managed and administered in accordance with Shariah rules and principles;ii. reviewing the report received from the compliance offi cer on the Fund’s transactions provided by the

Manager; iii. preparing reports to be included in the Fund’s quarterly and annual report; and iv. ensuring that the Fund complies with any guidelines, ruling or decision issued by the SC in relation to

Shariah matters.

Name : USTAZ DR. AHMAD SHAHBARI @ SOBRI SALAMON

Experience :

He is the Executive Director of Pusrawi Corporation Sdn Bhd. He has served as a lecturer in the Shariah Department, Faculty of Islamic Studies, Universiti Kebangsaan Malaysia and then the Department of Laws, International Islamic University. He has been in the BIMB Invest’s Shariah Committee since 20 June 1994. He is also the Chairman of the Shariah Supervisory Council of Bank Islam Malaysia Berhad, a member of Shariah Advisory Body of Syarikat Takaful Malaysia Berhad, a member of the Shariah Advisory Council of Labuan Financial Services Authority and registered as a Shariah qualifi ed individual with the SC.

Qualifi cations : PhD. (Modern Middle Eastern History), New York University, USA; Master of Economic, Fairlaigh Dickinson University, USA and Bachelor of Shariah, Al Azhar University, Egypt

Name : ASSOCIATE PROFESSOR DR. YUSOF RAMLI

Experience :

He was a religious teacher and later a Religious Administration Offi cer with Jabatan Agama Islam Selangor (JAIS) prior to joining MARA University of Technology, as a lecturer, a post which he has held since July 1982. He has written numerous papers in the areas of Faraidh and Mudharabah and registered as a Shariah qualifi ed individual with the SC.

Qualifi cations : PhD. (Islamic Commercial Laws) from the University of Malaya, Master of Shariah and Bachelor of Shariah from National University of Malaysia.

Name : USTAZAH DR. ASMAK AB. RAHMAN

Experience : Presently a lecturer in the Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya. She has written and presented numerous papers in the area of Islamic Studies, specifi cally Takaful. She is a member of the Shariah Committee of AmIslamic Bank Berhad and a registered as a Shariah qualified individual with the SC.

Qualifi cations : PhD.,Master of Shariah and Bachelor of Shariah from the University of Malaya


10.7 KEY MANAGEMENT STAFF

Name : NAZARUDDIN OTHMAN

Position : Chief Executive Offi cer

Experience : (refer to Section 10.4)

Qualifi cations : (refer to Section 10.4)

Name : VICKNESAN BALAKRISHNAN

Position : Chief Investment Offi cer

Experience :

He joined BIMB Investment Management as Chief Investment Offi cer in November 2011. He has 10 years experience in equity investment management, fi xed income investment management and treasury. He was previously attached to American International Assurance (AIA), Aberdeen Asset Management and Bank Negara Malaysia.

Qualifi cations :

BA (Hons) First Class Honor in Economics and Finance from University of Manchester, United Kingdom, Master Degree in Economics with Finance, University of Cambridge, United Kingdom, Chartered Financial Analyst (CFA) holder, and Capital Markets Services Representative’s License.

Name : FATIMATUL ZAINULHA MOHAMED ISA

Position : Compliance Manager

Experience :

She joined BIMB Investment in Compliance Division in February 2010 and has obtained Module 11 of Securities Commission Compliance exam. She has more than 14 years experience in Capital Market.

Currently she oversees and ensures all investment of BIMB Invest’s funds comply with Shariah Requirements. She has attended courses on Shariah namely on “Fundamental of Shariah” and “Shariah Compliance Audit in Islamic Bank” with IBFIM to equip herself on Shariah knowledge.

Qualifi cations : Bachelor of Law Degree (LLB Hons) from Manchester Metropolitan University, England.


Name : BADRUL HISAM BAHARI

Position : Operations Manager

Experience : He has more than 15 years experience in the back-offi ce operations from various unit trust companies. Prior to this position, he was with RBC-Dexia Investor Services (M) Sdn Bhd, Affi n Fund Management Bhd and Amanah Saham Kedah Bhd.

Qualifi cations : Diploma in Public Administration from University Technology Mara (UiTM).

Name : WAN SHAHRULZAMAN JAPHILUS

Position : Head, Agency and Corporate Business

Experience :

Prior to joining BIMB Investment he was with MIDF Amanah Asset Management Berhad, responsible in the Sales & Marketing of the company funds for individual and corporate customers. In Asia Unit Trust Berhad, he was responsible in overall operations and administration of the unit trust funds. The functions also include the support of agency and Information Technology of the company. Starting his career with Arab-Malaysian Unit Trusts Berhad where he was responsible in the daily operations of the unit trust activities which involved the funds processing and agency. He has more than 20 years experience in the unit trust industry.

Qualifi cations : Diploma in Banking Studies from University Technology Mara (UiTM)

10.8 INVESTMENT TEAM

The Investment Team implements the Fund’s investment strategies and policies. The Investment Team will continually review and monitor the success of these strategies and policies using predetermined benchmarks towards achieving a proper performance for the Fund. The Investment Team will also advise the Manager if there is any need to change the investment policies and strategies depending on the outlook of the market.

Members of the Investment Team meet twice every month or as and when the need arises in performing its functions. The members of the Investment Team are as follows:

Name : VICKNESAN BALAKRISHNAN

Position : Chief Investment Offi cer

Experience : (refer to Section 10.6)

Qualifi cations : (refer to Section 10.6)

Name : HANAFI HUSIN

Position : Fund Manager

Experience : He joined BIMB Investment as a fund manager in September 2008. Prior to this appointment, he was the fund manager in RHB Investment Management. He was also attached with RHB Securities Sdn Bhd, (now known as RHB Investment Bank Berhad) and MIMB Securities Sdn Bhd (now known as MIMB Investment Bank Bhd).He has 15 years of experience in asset management, unit trust and capital market industry.

Qualifi cations : Bachelor Degree (Hons) from University Utara Malaysia and Capital Markets Services Representative’s License.


Name : AHMAD RIZAL UJANG

Position : Fund Manager

Experience : He joined BIMB Investment Management as a Fund Manager in 2011. He has 6 years of working experience in fi xed income investment. He was previously attached with MNRB Holdings Berhad and Syarikat Takaful Malaysia Berhad. He is also the designated fund manager for the Fund.

Qualifi cations : Master of Finance, Curtin University of Technology, Australia and Capital Markets Services Representative’s License

10.9 MATERIAL LITIGATION AND ARBITRATION

As at LPD, the Manager is not engaged in any material litigation and arbitration, either as plaintiff or defendant, and the Manager is not aware of any proceedings, pending or threatened or of any other facts likely to give rise to any proceedings which might materially and adversely affect their fi nancial position or business.


11.0 THE TRUSTEE –

AMANAHRAYA

TRUSTEES BERHAD

11.1 PROFILE OF AMANAHRAYA TRUSTEES BERHAD (ART)

ART was incorporated under the Companies Act 1965 on 23 March 2007 and registered as a trust company under the Trust Companies Act 1949. ART is a subsidiary of Amanah Raya Berhad (ARB) which is wholly owned by the Minister of Finance (Incorporated). ART took over the corporate trusteeship functions of ARB and acquired ARB’s experience of more than 45 years in trustee business. ART has been registered and approved by the SC to act as trustee to unit trust funds and has 160 unit trust funds under its trusteeship. As at LPD, ART has 76 staff (57 Executives and 19 Non-Executives).

ART has an authorised capital of RM5,000,000. Its issued and paid-up share capital is RM2,000,000 and RM1,000,000 respectively

The shareholders of ART are:

% of equity

Amanah Raya Berhad (344986-V) 20

Amanah Raya Nominees (Tempatan) Sdn Bhd (434217-U) 20

Amanah Raya Capital Sdn Bhd (549057-K) 20

AmanahRaya Capital Group Sdn Bhd (760289-U) 20

AmanahRaya Modal Sdn Bhd (760322-X) 10

Amanah Raya Nominees (Asing) Sdn Bhd (684546-P) 10

11.2 FINANCIAL PERFORMANCE

The following is a summary of the past three years performance of ART based on its audited fi nancial state-ments for fi nancial year ended 31 December:

Financial YearEnded 31 December

2009(RM)

2010(RM)

2011(RM) (unaudited)

Paid Up Share Capital 1,000 1,000 1,000

Shareholder’s Funds 3,624 3,214 5,263

Turnover 20,024 24,847 26,908

Pretax Profi t / Loss 14,340 18,265 19,954

After Tax Profi t / Loss 10,625 13,590 14,549

As at LPD, the Trustee is not engaged in any material litigation and arbitration, either as plaintiff or defendant, and the Trustee is not aware of any proceedings, pending or threatened or of any facts likely to give rise to any proceedings which might materially and adversely affect their fi nancial position or business.


11.3 BOARD OF DIRECTORS

Datuk Idrus Bin Harun : Chairman (Independent)

Datin Aminah Binti Pit Abd Raman : Director (Independent)

Dato’Haji Ahmad Kamal Bin Abdullah Al-Yafi i : Director (Independent)

Tuan Haji Ab. Gani Bin Haron : Director (Independent)

Tuan Haji Mansor Bin Salleh : Director (Non- Independent)

11.4 KEY MANAGEMENT STAFF

Hajjah Habsah Binti Bakar : Chief Executive Offi cer

Encik Zainudin Bin Suhaimi : General Manager

Encik Arzlee Bin Abdul Rahman : Assistant General Manager

Puan Norhaslinda Binti Samin : Company Secretary

Encik Azril Bin Abd Kadir : Compliance and Audit Department, Senior Manager

Encik Mohd Sofi an Bin Kamaruddin : Operations Department, Senior Manager

Encik Mohd Aziyan Bin Abdullah : Finance and Accounts Department Manager

Puan Wan Zaleha Binti Wan Kamarul Zaman : Legal Department, Manager

Encik Faudzi Bin Mt Din : Marketing and Business Development Department ,Manager

Cik Fazila Banoo Binti Manzur Elahi : Chief Executive Offi cer’s Offi ce, Manager

Hajjah Habsah Binti Bakar/Chief Executive Offi cer

Hajjah Habsah Binti Bakar is the Chief Executive Offi cer of ART effective from 16 February 2007. She has served as General Manager at Amanah Raya Berhad for 12 years. She was in charge of various departments such as Corporate Trust, Legal, Branch Operations, Marketing, Corporate Communications, Product Development and Customer Relationship Management of Amanah Raya Berhad during that tenure. She holds a Master of Business Administration from University of Malaya, Bachelor of Law (Hons) from University of Malaya and a postgraduate Diploma in Syariah Law and Practice from the International Islamic University Malaysia. She has vast experience in legal administration since joining the Judicial and Legal Service in 1985. She has served at the Attorney General’s Chambers, Ministry of Housing and Local Government, the High Court and the Department of Public Trustee.

Encik Zainudin Bin Suhaimi

Encik Zainudin Bin Suhaimi is the General Manager of ART. He holds a Degree in Business Administration (Finance) from Universiti Putra Malaysia and a Diploma in Business Studies from Universiti Teknologi MARA (UiTM). He has served Corporate Trust Department of Amanah Raya Berhad since 1992. He is also a trust offi cer at Amanah Raya Labuan Limited. He is an associate member of the Financial Planning Association of Malaysia since 2005.


Encik Arzlee Bin Abdul Rahman

Encik Arzlee Bin Abdul Rahman is the Assistant General Manager of ART. He holds a Bachelor of Science in Economics/Finance from The University of Hartford, Connecticut, USA. Prior to joining ART in July 2009, he managed Amanah Raya Nominees (Tempatan) Sdn Bhd for about 5 years, in which he developed custodial & securities services. Overall, he has more than 15 years working experience in the financial industry, including corporate forex & money market in a local bank treasury, stock broking company, insurance and fi nance companies.

Puan Norhaslinda Binti Samin

Puan Norhaslinda Binti Samin is the Company Secretary of ART. She has more than 10 years experience in corporate secretarial, corporate advisory, administrative and management consultancy services to organizations ranging from private to public companies as well as multinational corporations and public listed companies (“PLC”). She is a Licensed Secretary from the Registrar of Companies since 2002 and a MAICSA Affi liate since 2009. She graduated with Bachelor (Hon.) Degree in Corporate Administration from the University Teknologi MARA in 2001 and obtained her MBA from the University of Ballarat, Australia in 2010.

Encik Azril Bin Abd Kadir

Encik Azril Bin Abd Kadir is the Senior Manager, Compliance and Audit Department of ART. He holds a Bachelor of Science in Business Administration from the University of Missouri Columbia. He has more than 11 years experience in the collective investment scheme industry and was the registered compliance offi cer of a local asset management company.

Encik Mohd Sofi an Bin Kamaruddin

Encik Mohd Sofi an Bin Kamaruddin is the Senior Manager, Operations Department of ART. He holds a Master in Business Administration from Universiti Teknologi MARA Malaysia and a Bachelor of Accountancy (Hons) from Universiti Putra Malaysia (formerly known as Universiti Pertanian Malaysia). He is the Head of Operations Department overseeing the operations of both unit trust funds and debt capital market & trusts of the Company. He has gained experience from this attachment with Audit and Compliance Division of Malaysia Monetary Exchange Berhad (presently known as Bursa Derivatives Malaysia Berhad) as an audit executive and subsequently served as a Compliance Offi cer in a future broking company for more than fi ve years. He has served Amanah Raya Berhad since March 2003. He is also a member of Malaysian Institute of Accountants.Encik Mohd Aziyan Bin Abdullah

Encik Mohd Aziyan Bin Abdullah is the Manager, Finance and Accounts Department of ART. He holds a Bachelor of Accountancy (Hons) from Universiti Teknologi MARA. He joined ART in April 2009 and oversees the administration, fund valuation and accounts functions of the company. He is also a member of the Malaysian Institute of Accountants.

Puan Wan Zaleha Binti Wan Kamarul Zaman

Puan Wan Zaleha Binti Wan Kamarul Zaman is the Manager, Legal of ART. She holds a Masters in Business Administration from Universiti Teknologi MARA Malaysia and a Bachelor of Law (LLB Hons) from University of Huddersfi eld, United Kingdom. She was called to the Malaysian Bar in 2001 and had pursued legal practice specialising in conveyancing for three years before joining Amanah Raya Berhad in 2004. She had served as a Compliance Offi cer and Business Development Executive at the Corporate Trust Department of Amanah Raya Berhad.


Encik Faudzi Bin Mt Din

Encik Faudzi Bin Mt Din is the Manager, Marketing and Business Development Department of ART. He holds a Bachelor of Business Administration from Universiti Putra Malaysia. He joined ART in January 2008 and started as Assistant Manager where he was in charge of overseeing and managing the operations of Custody Unit before his current portfolio. He brings along twenty (20) years of working experience mostly within the Capital Market Industry i.e. Stock Brokering Business and Finance.

Cik Fazila Banoo Binti Manzur Elahi

Cik Fazila Banoo Binti Manzur Elahi is the Manager, CEO’s Office of ART. She holds a Master of Business Administration (majoring in Human Resource & Organizational Development) from University of Malaya and Bachelor in Business Administration (Transport) from MARA University of Technology (UiTM). She has joined ART in August 2008 and is currently in charge as main liaison on HR related matters, mainly with the Group Human Resources Department, Amanah Raya Berhad (ARB). Prior joining ART, she has seven (7) years of working experience in the IT industry, having worked in the fi eld of Customer Service, Project Management and Human Resource & Offi ce Administration.

11.5 TRUSTEE’S RESPONSIBILITY STATEMENT

The Trustee consents and agrees to assume the position as Trustee of the Fund and undertakes all the obligations in accordance with the Deeds, all relevant laws and rules of law, and for the benefi t of the registered Unit Holders.

11.6 MATERIAL LITIGATION AND ARBITRATION

As at LPD, the Trustee is not engaged in any material litigation or arbitration either as plaintiff or defendant, and the Trustee is not aware of any proceedings, pending or threatened or of any facts likely to give rise to any proceedings which might materially affect the business fi nancial position of the Trustee.

11.7 DUTIES AND OBLIGATIONS OF THE TRUSTEE

The Trustee’s main functions are to act as trustee and custodian of the assets of the Fund and to safeguard the interests of registered holders of the Fund. In performing these functions, the Trustee have to exercise all due care and vigilance and are required to act in accordance with the provisions of the Deed, the Act and the Guidelines and the securities law. Apart from being the legal owner of the Fund’s assets, the Trustee are also responsible for ensuring that the Manager performs its duties and obligations in accordance with the provisions of the Deed, the Act and the Guidelines and the securities law.

The duties and obligations imposed on the Trustee are as follows: -

• To act as custodian of the assets of the Fund and to safeguard the interests of Unit Holders. The Trustee is to actively monitor the administration of the Fund by the Manager to ensure that the interests of the Unit Holders are upheld at all times. In discharging its duties, the Trustee should not only depend on submission of reports by the Manager;

• The Trustee is to report to the SC if it is of the view that the Manager has not acted in the interests of Unit Holders or in accordance with the provisions of the Deed or that it has failed to comply with the Guidelines and the Act;

• At all times the Trustee is to ensure that the investments of the Fund are not used to further the interests of any party related to the Manager;

• To act continuously as Trustee under the Fund until such Fund is terminated or until the Trustee has retired from such Fund;

• To show the degree of care and diligence required of a Trustee in carrying out its functions and duties and in protecting the rights and interest of the Unit Holders to which the Deed relates;


• To keep or cause the Manager to keep proper records of all transactions, dividends, interests and income received and distributed and accounts in relation to the Fund;

• To be informed of any investments or disposals which the Manager undertakes not later than the next Business Day after the day in which the transactions were undertaken;

• To be responsible for the collection and periodical distribution of income earned from the investment portfolio to the Unit Holders subject to delegation of such duties to the Manager;

• To require the Manager to keep it fully informed as to details of the Manager’s policies on investments and any changes thereof. Whenever it is of the opinion that these policies are not in the interests of the Unit Holders, the Trustee may, after considering any representations made by the Manager in respect of that opinion, summon a meeting of Unit Holders to consider its opinion and the actions that may be taken against the Manager; and

• To cause the accounts to be audited at the end of each accrual period / fi nancial year by the auditor and that each Unit Holder of the Fund is furnished with a copy of the audited accounts by post within 2 months from the date on which the accounts are balanced and closed in respect of each year.

11.8 RETIREMENT, REMOVAL OR REPLACEMENT OF THE TRUSTEE

The Trustee may retire upon giving 12 months notice to the Manager of its desire to do so, or such shorter period as the Manager and the Trustee shall agree, and may by deed appointing in his stead a new Trustee approved by the SC. Pursuant to section 299(1) of the Act, it is the duty of the Manager to remove the Trustee as soon as it becomes aware that the Trustee: -

• Has ceased to exist;• Has not been validly appointed;• Is not eligible to be appointed or to act as Trustee under section 290 of the Act;• Has failed or refused to act as Trustee in accordance with the provisions or covenants of the Deed or the

provisions of the Act;• Is under investigation for conduct that contravenes the Trust Companies Act, 1949, the Trustee Act, 1949,

the Companies Act, 1965, or any securities law;• When a receiver is appointed over the whole or a substantial part of the assets or undertaking of

the existing trustee and has not ceased to act under the appointment or a petition is presented for the winding up of the existing trustee (other than for the purpose of and followed by a reconstruction, unless during or following such reconstruction the existing trustee becomes or is declared to be insolvent).

The Trustee may be removed and another trustee (duly approved as aforesaid) may be appointed by a special resolution of the Unit Holders at a duly convened meeting of which notice has been given to the Trustee and the Manager. The Manager will summon a meeting of the Unit Holders for the purpose of considering and if thought fi t, passing a resolution for the removal of the Trustee in the event that the Unit Holders request the Manager to do so, in the manner as stated in the Deeds of the respective Fund.

11.9 POWERS OF THE TRUSTEE TO REMOVE OR REPLACE THE MANAGER

The Trustee may remove and replace the Manager if the Manager has failed or neglected to carry out its duties to the satisfaction of the Trustee, and for other reasons desirable in the interest of the Unit Holders, after consultation with the SC and with the approval of the registered Unit Holders.

The Manager may also be removed if the Manager is in liquidation (except for the purpose of amalgamation or reconstruction or some other purpose approved by the relevant authorities), is under receivership or ceases operations, or has to the prejudice of the Unit Holders failed to comply with any provisions of the Deed or the Act, and other relevant laws. The Manager may also be removed if a special resolution is passed by the Unit Holders that the Manager be removed.

The appointment of a new manager is subject to the new manager entering into a deed as the Trustee may be advised to be necessary in order to secure that the new manager performs its duties as Manager during the remainder of the period of the Fund.


12.0 SALIENT TERMS

OF DEED

12.1 UNIT HOLDER’S RIGHTS

a. Unit Holder shall have the right to receive distributions of income (if any), participate in any increase in the value of the Units and such other rights and privileges as provided in the Deed.

b. No Unit Holder shall be entitled to require the transfer to him of any of the assets comprised in the Fund or be entitled to interfere with or question the exercise by the Trustee or the Manager on his behalf of the rights of the Trustee as owner of such assets.

c. Unit Holder shall have the right to call for Unit Holder’s meeting and to vote for the removal of the Trustee or the Manager through an extraordinary resolution.

d. Unit Holder shall have the right to receive annual and quarterly reports.

12.2 UNIT HOLDER’S LIABILITIES

No Unit Holder is liable for any amount in excess of the purchase price paid for the Units as determined pursuant to the Deed at the time the Units were purchased. A Unit Holder shall not be under any obligation to indemnify the Manager and/or the Trustee in the event that the liabilities incurred by the Manager and/or the Trustee in the name of or on behalf of the Fund pursuant to and/or in the performance of the provisions of this Deed exceed the value of the assets of the Fund, and any right of indemnity of the Manager and/or the Trustee shall be limited to recourse to the Fund.

12.3 TERMINATION OF THE FUND

The Fund may be terminated or wound up upon the occurrence of any of the following events:

a. the SC’s approval is revoked under Section 212(7)(A) of the Act;b. a special resolution is passed at a Unit Holders’ meeting to terminate or wind up the Fund, following

occurrence of events stipulated under Section 301(1) of the Act and the court has confi rmed the resolution, as required under Section 301(2) of the Act;

c. a special resolution is passed at a Unit Holders’ meeting to terminate or wind up the Fund;d. the Fund has reached its maturity date as specifi ed in the Deed (if any); ande. the effective date of an approved transfer scheme (if any) has resulted in the Fund, which is the subject

of the transfer scheme, being left with no asset/property.

12.4 MEETING OF UNIT HOLDERS

The Manager shall within twenty-one (21) days after receipt of an application from not less than fi fty or one-tenth of all the Unit Holders of the Fund, whichever is less, summon a Unit Holders’ meeting by:

a. sending by post at least seven (7) days before the date of the proposed meeting a notice of the proposed meeting to all the Unit Holders;

b. publishing at least fourteen (14) days before the date of the proposed meeting an advertisement giving notice of the proposed meeting in a national language newspaper published daily and another newspaper approved by the relevant authorities; and

c. specifying in the notice the place and time of the meeting and the terms of the resolutions to be proposed at the meeting.


Prospective Unit Holders should read and understand the contents of the Information Memorandum and, if necessary, should consult their adviser(s).


13.0 DIRECTORY OF OUR

IUTA OFFICE FOR

PURCHASE AND

REPURCHASE OF UNITS

MENARA BANK ISLAMGround Floor,Menara Bank Islam,No.22, Jalan Perak50450 Kuala Lumpur.Tel : 03-2166 0797 / 2161 0073 / 0076Fax : 03-2166 0798

KL SENTRAL BRANCHGround Floor, Unit No. CS/3B/G, Blok 3B, Plaza Sentral50474 Kuala LumpurTel : 03-2274 9878 / 899 / 901 Fax : 03-2274 9902 / 03-2274 4324

JLN TUN RAZAK BRANCHTingkat Bawah,Bangunan Ibu Pejabat Tabung Haji,Jalan Tun Razak, Peti Surat 11590,50750 Kuala Lumpur.Tel : 03-2161 1333 / 340 / 341Fax : 03-2161 1360

MEDAN MARA BRANCHTingkat Bawah, No.21Blok Podium, Medan Mara,Jalan Raja Laut,Peti Surat 11698,50350 Kuala Lumpur.Tel : 03-2691 9079 / 82 / 86 / 88Fax : 03-2692 1890

SELAYANG BRANCHTingkat Bawah,Lot 150A,152A & 154A,Bagunan Persatuan Nelayan,Kebangsaan ( NEKMAT ),Jalan 2/3A, Pusat Bandar Utara,KM12, Off Jalan Ipoh, 68100Batu Caves, Kuala Lumpur.Tel : 03-6135 2655 / 2934 Fax : 03-6137 9199

TAMAN MELAWATI BRANCHNo. 254 & 255, Jln Bandar 12, Taman Melawati,53100 Kuala Lumpur.Tel : 03-4107 7800 / 6842 / 6852 / 1811Fax : 03-4107 7181

BANDAR WAWASAN BRANCHNo.4 & 6, Wisma RKT,Jln Raja Abdullah, 50300 Kuala Lumpur.Tel : 03-2694 8175 / 8192 / 8244 / 8286Fax : 03-2694 8291

UIA, GOMBAK BRANCHLot No. AHC 1-5 & AHC 2-4,Azman Hashim Complex,International Islamic University Ma-laysia, 53100 Gombak, Kuala Lumpur.Tel : 03-6185 3354 / 150 / 262 / 282Fax : 03-6185 3402

PUTRAJAYA BRANCHAnjung Perdana, Blok E16,Parcel E, Precinct 1, 62000 Putrajaya,Wilayah Persekutuan.Tel : 03-8889 3192 / 193 / 194Fax : 03-8889 3189

UNIVERSITI MALAYA BRANCHTingkat Bawah, Bangunan Peperiksaan,Universiti Malaya, Jln Pantai Baru,50603 Kuala Lumpur.Tel : 03-7960 8934 / 7429 / 9943Fax : 03-7960 4320

MENARA TELEKOM BRANCHLG1, Menara Telekom,Jalan Pantai Baru,50672 Kuala Lumpur.Tel : 03-2240 2020 / 0296Fax : 03-2240 2391

TAMAN TUN DR. ISMAIL BRANCHTingkat Bawah, No.5 & 7,Jalan Wan Kadir 2, 60000 Kuala LumpurTel : 03-7726 5744 / 87894 /85270Fax : 03-7722 4539


WANGSA MAJU BRANCH17G & 15G, Jln Wangsa Delima 12, Blok C, D’Wangsa Link,53300, Kuala Lumpur.Tel : 03-4142 7733 / 7886 / 8204Fax : 03-4142 8209

BUKIT DAMANSARA BRANCHTingkat 3, Wisma Bank Islam, Jln Dungun,Bukit Damansara,50490 Kuala Lumpur.Tel : 03-2092 1064 / 1066 / 1067Fax : 03-2092 1072

SERI PETALING BRANCHNo.1, Jalan Radin Bagus,Bdr Baru Seri Petaling57100, Kuala Lumpur.Tel : 03-9056 2939 / 43 / 69Fax : 03-9056 2982

BUKIT BINTANG BRANCHNo.57, Mode Circle Building,Jalan Bukit Bintang,55100, Kuala Lumpur.Tel : 03-2141 0477 / 478 / 485Fax : 03-2141 0487

BANDAR TASIK PERMAISURI BRANCHNo.55 & 53, Jalan Danau LumayanPusat Perniagaan Danau LumayanBandar Tasik PermaisuriCheras 56000 Kuala LumpurTel : 03-9171 4818 / 5078 / 7245Fax : 03-9171 7289

SELANGOR DARUL EHSAN

KLANG BRANCHLot 336, Kompleks Majlis Agama Islam Selangor,Seksyen 23, Jalan Kapar,41400 Klang,Selangor Darul Ehsan.Tel : 03-3342 1911 / 12 / 13Fax : 03-3342 1914

BANDAR BARU BANGI BRANCHNo. 2 & 4, Jalan 6C/ 743650 Bandar Baru Bangi,Selangor Darul Ehsan.Tel : 03-8925 8490 / 91 / 92Fax : 03-8925 6168

SHAH ALAM BRANCHTingkat Bawah, Wisma PKPS,Seksyen 14, Persiaran Perbandaran,40675 Shah Alam,Selangor Darul Ehsan.Tel : 03-5510 1481 / 1492 / 4509Fax : 03-5510 1497

SEKSYEN 14, P.J BRANCHTingkat Bawah & Satu,No. 2 & 4, Jalan 14 / 22,Seksyen 14,46100 Petaling Jaya,Selangor Darul Ehsan.Tel : 03- 7957 3131 / 3834 Fax : 03-7957 4141

SUBANG JAYA BRANCHTingkat Bawah, No. 56A, Jln USJ 10/1F, Pusat Perniagaan USJ 10,47610, UEP Subang Jaya,Selangor Darul Ehsan.Tel : 03-8023 2072 / 2087 / 2125Fax : 03-8023 2140

BANTING BRANCHNo. 2 & 6, Jln Cemerlang 2,Banting Business Centre,42700 Banting,Selangor Darul Ehsan.Tel : 03-3187 3772 / 13776 / 14772Fax : 03-3187 3776

SUNGAI BESAR BRANCHNo. 1 & 3, Jln SBBC 1,Sg. Besar Business Centre,45300, Sg. Besar,Selangor Darul Ehsan.Tel : 03-3224 3478 / 2434 / 2886Fax : 03-3224 3479

TANJUNG KARANG BRANCHTingkat Bawah, Lot 342Bangunan Tabung Haji,45500 Tanjung Karang,Selangor Darul Ehsan.Tel : 03-3269 1090 / 0090Fax : 03-3269 1091

KAJANG BRANCHNo. 20 & 21, Jalan Jeloh 3,43000 Kajang, Selangor Darul Ehsan.Tel : 03-8736 0798 / 1773 / 2185Fax : 03-8736 2362

AMPANG BRANCHNo. 1 & 3, Jln Pandan Prima 2,Dataran Prima Ampang,68000 Ampang,Selangor Darul Ehsan.Tel : 03-9200 4389 / 4392 / 4497Fax : 03-9200 4507

KELANA JAYA BRANCHA-G-01, Jln SS 6/5A, Dataran Glomac, Pusat Bdr Kelana Jaya,47301, Petaling Jaya,Selangor Darul Ehsan.Tel : 03-7806 2955 / 2946Fax : 03-7806 1214

KOTA DAMANSARA BRANCHNo.32-1, Jln PJU 5/5,Dataran Sunway,47810 Kota Damansara,Selangor Darul Ehsan.Tel : 03-6141 8447 / 56 / 65Fax : 03-6141 8474


PUTRA HEIGHTS – USJ BRANCHNo.42A, Jln Putra Mahkota 7/7A,Putra Point Business Centre,47650 Putra Heigths,Subang Jaya, Selangor Darul Ehsan.Tel : 03-5192 0981 / 1516 / 1532Fax : 03-5192 1534

SAUJANA UTAMA BRANCHNO. 1G, 2G & 36G, SU Mall, 47000, Bdr Saujana Utama,Selangor Darul EhsanTel : 03-6038 2877 / 3275 / 3308Fax : 03-6038 3384

SEMENYIH BRANCHNo.2, Taman TPS 1/4,Taman Pelangi Semenyih,43500 Semenyih,Selangor Darul Ehsan.Tel : 03-8723 4624 / 29 / 30Fax : 03-8723 4631

RAWANG BRANCHNo. 01, Jalan Bandar Rawang 12, Bandar Baru Rawang,48000, Rawang,Selangor Darul EhsanTel : 03-6091 7652/ 57/ 61Fax : 03-6091 7682

PETALING JAYA NEW TOWN BRANCHNo. 1, Jalan 52/16,46200, Petaling Jaya,Selangor Darul EhsanTel : 03-7960 4812 / 13 / 14Fax : 03-7960 4815

SEKSYEN 18, SHAH ALAM BRANCHNo. 28, Jalan Pinang 18/D,Section 18,40200, Shah Alam,Selangor Darul EhsanTel : 03-5541 0250 / 0255Fax : 03-5541 0259

SRI GOMBAK BRANCHNo. 120 & 121, Ground Floor,Jalan Prima Sg 5,Prima Sri Gombak,68100, Batu Caves,Selangor Darul EhsanTel : 03-6185 9655 / 9667 / 9672Fax : 03-6185 9675

BANDAR BOTANIC, KLANG BRANCHGround FloorBangunan Prima SiswaUniversiti Teknologi Mara40450 Shah AlamSelangor Darul Ehsan Tel : 03-5510 4194/ 4196 Fax : 03-5510 4186

UiTM, SHAH ALAM BRANCHNo. 1, Jalan Mahogani 5Bandar Botanic,41200 KlangSelangor Darul EhsanTel : 03-3324 7132 / 7623 / 8671Fax : 03-3324 8758

ARA DAMANSARA BRANCHA-G-01 & A-1-01, Block ANo. 2, Jalan PJU 1A/7AAra Damansara, PJU 1A47301 Petaling JayaSelangorTel : 03-7846 0557 / 1165 / 1347Fax : 03-7846 1473


PERAK DARUL RIDZUAN

IPOH BRANCHTingkat Bawah,Kompleks Islam Darul Ridzuan,Jln Panglima Bukit Gantang Wahab,Peti Surat 671,30770 Ipoh,Perak Darul Ridzuan.Tel : 05-255 3866 / 67 / 68 / 9625Fax : 05-253 5760

PARIT BUNTAR BRANCHNo. 1 & 2, Bangunan YPEIM,Jalan Kelichap,Pekan Baru Parit Buntar,34200 Parit Buntar,Perak Darul Ridzuan.Tel : 05-716 4493 / 94Fax : 05-716 4495

SRI MANJUNG BRANCHTingkat Bawah & Satu,No.2408, Taman Samudera,32040 Sri Manjung,Perak Darul Ridzuan.Tel : 05-688 1227 / 9071 / 4221Fax : 05-688 1672

TANJUNG MALIM BRANCHTingkat Bawah & Satu,No. 33 & 35, Jalan Bunga Anggerik35900 Tanjung MalimPerak Darul Ridzuan.Tel : 05-459 8237 / 5127/ 5125Fax : 05-459 8241

TAIPING BRANCHTingkat Bawah & Satu,Lot 29 & 30, Pusat Perniagaan Tupai, 34000 Taiping,Perak Darul Ridzuan.Tel : 05-806 5441 / 2 / 3Fax : 05-806 5436

TELUK INTAN BRANCHNo.5002, 5003,5004 &5006,Blok A, Kompleks SKOMK,Jalan Mahkamah,36000 Teluk Intan, Perak Darul Ridzuan.Tel : 05-622 1700 / 1200 / 1411Fax : 05-622 1489

BAGAN SERAI BRANCHNo. 126 & 128, Jalan Setia,Pusat Bandar Bagan Serai,34300 Bagan Serai,Perak Darul Ridzuan.Tel : 05-721 8509 / 12 / 13Fax : 05-721 8515

SERI ISKANDAR BRANCHNo. 1 & 1A, Jln PP1,Bandar Universiti Seri Iskandar,32610 Bandar Seri Iskandar,Perak Darul Ridzuan.Tel : 05-363 3883 / 4 / 5 / 6 / 7Fax : 05-363 3888


KEDAH DARUL AMAN

ALOR SETAR BRANCHNo.1, Kompleks Perniagaan Utama,Jalan Sultanah Sambungan,05150 Alor Setar,Kedah Darul Aman.Tel : 04-733 5126 / 36 / 7319813Fax : 04-733 5128

SUNGAI PETANI BRANCHLot 71 & 72,Jalan Lagenda 1,Lagenda Height,08000 Sungai Petani,Kedah Darul Aman. Tel : 04-422 0620 / 21 / 22Fax : 04-421 3912

JITRA BRANCHNo. 64 & 65,Kompleks Jitra,Jalan Sungai Korok,06000 Jitra,Kedah Darul Aman.Tel : 04-917 4404 / 1151 / 3453Fax : 04-917 4225

BALING BRANCHTingkat Bawah, Lot B,Bangunan Tabung Haji Baling,Jalan Bandar Baru Baling,09100 Baling,Kedah Darul Aman.Tel : 04-470 1678 / 7052Fax : 04-470 1679

KULIM BRANCHNo. 23 & 24, Pesiaran 1,Taman Kulim Avenue, Kulim Hi-Tech, 09000 Kulim,Kedah Darul Aman.Tel : 04-490 0022 / 13975 / 13976 / 13980Fax : 04-490 0030

POKOK SENA BRANCHLot 185 & 186Taman Angsana,Jalan Angsana 906400 Pokok SenaKedah Tel : 04-782 1033 / 1034Fax : 04-782 1022

LANGKAWI BRANCHNo. 43 & 45,Jalan Pandak Mayah 5,Pusat Bandar Kuah,07000 Langkawi,Kedah Darul Aman.Tel : 04-966 2463 / 64 / 66 / 5191Fax : 04-966 2469

GUAR CHEMPEDAK BRANCHLot No. 00681, Jalan Besar,Bangunan Tabung Haji,08800 Guar Chempedak,Kedah Darul Aman.Tel : 04-468 0880 / 4827 / 4829 / 4830Fax : 04-468 0884

UNIVERSITI UTARA MALAYSIAVarsity Mall Universiti UtaraMalaysia,06010 Sintok,Kedah Darul Aman.Tel : 04-924 6271 / 2 / 3 Fax : 04-924 6270 BRANCH

ALOR SETAR 2 BRANCHNo. 165 & 166,Komplek Perniagaan Sultan Abdul Hamid Fasa 2,Susuran Sultan Abdul Hamid 11,Persiaran Sultan Abdul Hamid,05050 Alor Setar, Kedah Darul Aman.Tel : 04-772 8800 / 5818 / 6575Fax : 04-771 6584


PULAU PINANG

BUTTERWORTH BRANCHNo. 71 & 73, Jalan Taman Selat,Off Jalan Bagan Luar,Peti Surat 303,12720 Butterworth,Pulau Pinang.Tel : 04-331 2357 / 58/ 21301/ 21317Fax : 04-331 2360

GEORGETOWN BRANCHGround Floor,Wisma Great Eastern,Light Street, Peti Surat 1204,10200 Georgetown,Pulau Pinang.Tel: 04-262 4724 / 933 / 5019 / 0626Fax : 04-262 2594

KEPALA BATAS BRANCHTingkat Bawah, No. 2146 & 2147, Jalan Bertam, 13200 Kepala Batas,Seberang Perai, Pulau PinangTel: 04-575 4463 / 5517 / 5579/ 3376Fax: 04-575 3986

BAYAN BARU BRANCHNo. 3 & 5,Persiaran Mahsuri 1/3Sunway Tunas,11900 Bayan Baru,Pulau Pinang.Tel: 04-642 5094 / 95 / 96 / 97Fax: 04-642 5098

BANDAR BARU PERDA BRANCHNo.2, Lorong Perda Selatan 2,Bandar Baru Perda,14000 Bukit Mertajam, Pulau Pinang.Tel : 04-540 3150 / 51 /53 / 54 / 55Fax : 04-540 3152

PERLIS INDERA KAYANGAN

JALAN RAJA SYED ALWI, KANGAR BRANCHLot 49 & 51, Lorong Seruling,Off Jalan Raja Syed Alwi,Peti Surat 30,01700 Kangar,Perlis Indera KayanganTel: 04-976 3711 / 12Fax: 04-976 0951

NEGERI SEMBILAN DARUL KHUSUS

SEREMBAN BRANCHTingkat Bawah & Satu,Lot 4981, Jalan Dato’ Sheikh Ahmad70000 Seremban,Negeri Sembilan Darul Khusus.Tel : 06-762 9814 / 5 / 6 / 7Fax : 06-763 8391

TAMPIN BRANCHLot 40 & 41,Jalan Besar,73000 Tampin,Negeri Sembilan Darul Khusus.Tel : 06-441 4131 / 32 / 33/ 7479Fax : 06-441 4134

PORT DICKSON BRANCHNo.42, Jln Mahajaya,PD Centre Point,71000 Port Dickson,Negeri Sembilan Darul Khusus.Tel : 06-647 4330Fax : 06-647 5657

KUALA PILAH BRANCHLot 3803 & 3804,Bangunan Darul Takaful,Jalan Dato’ Ulu Muar,72000 Kuala Pilah,Negeri Sembilan Darul Khusus.Tel : 06-481 4600 / 8482Fax : 06-481 1431

BANDAR BARU NILAI BRANCHTingkat Bawah,PT 7183 & PT 7184, Jalan BBN 1/2E,Bandar Baru Nilai,71800 Nilai,Negeri Sembilan Darul Khusus.Tel : 06-799 6124 / 0549 / 0277 / 8961Fax : 06-799 4701


MELAKA BANDARAYA BERSEJARAH

BANDAR MELAKA BRANCHLot G1, G2, & G3,Wisma Air, Jalan Hang Tuah,75300 Melaka.Tel : 06-284 1366 / 67 / 68 Fax : 06-284 7257

MASJID TANAH BRANCHTingkat Bawah & Satu,MT 1357 & 1358,Komplek Perniagaan Masjid Tanah,78300 Masjid Tanah,Melaka.Tel : 06-384 5108 / 8340 / 8332Fax : 06-384 5109

JASIN BRANCHTingkat Bawah,No. JA 1765 & 1766,Pusat Bandar Baru Jasin,77000 Jasin,Melaka.Tel : 06-529 4859 / 3515 / 3517Fax : 06-529 4875

AYER KEROH BRANCHNo. 1 & 3, Jalan KF4Kota Fesyen - MITCHang Tuah Jaya75450 Ayer Keroh, Melaka.Tel: 06-232 0986/ 1273/ 6559Fax: 06-232 6561


JOHOR DARUL TAKZIM

JOHOR BAHRU BRANCHL3-62, Aras Abdullah Ibrahim,Plaza Kotaraya, 80000 Johor Bahru,Johor Darul TakzimTel: 07-224 0242 / 44 / 72Fax: 07-224 0243

BATU PAHAT BRANCHNo 91-5 & 91-6,Jln Rahmat,83000, Batu Pahat,Johor Darul TakzimTel: 07-431 9350 / 2Fax: 07-431 9351

MUAR BRANCHTingkat Bawah & Mezzanine,No. 75-4, 75-5,Jalan Arab,84000 Muar,Johor Darul Takzim.Tel : 07-952 8301 / 2 / 3Fax : 07-952 8304

KLUANG BRANCHNo.46 & 48, Bangunan Tabung Haji,Jalan Dato’ Kapten Ahmad,86000 Kluang,Johor Darul Takzim.Tel: 07-772 6423 / 17 / 6878Fax: 07-773 2702

KOTA TINGGI BRANCHNo. 14C & 14D,Jln Tun Habab,81900 Kota Tinggi,Johor Darul Takzim.Tel : 07-883 5582 / 8800 / 0335 / 26205Fax : 07-883 5802

MERSING BRANCHTingkat Bawah,No. 30, Jalan Abu Bakar,86800 Mersing,Johor Darul Takzim.Tel : 07-799 5076 / 6606 / 6607 / 6608Fax : 07-799 5077

SEGAMAT BRANCHNo. 48 & 49, Jalan Genuang,85000 Segamat,Johor Darul Takzim.Tel : 07-932 4257 / 22901 / 22862 / 22873Fax : 07-932 4273

TAMPOI BRANCHNo.8 & 10,Jln Padi Emas 5/2,Bandar Baru Uda,81200 Johor Bharu,Johor Darul Takzim.Tel : 07-234 5228 / 9 / 8785Fax : 07-234 5230

PASIR GUDANG BRANCHTingkat Bawah & Satu,Lot 112719, No. 11,Pusat Perdagangan Pasir Gudang,Jalan Bandar,81700 Pasir Gudang,Johor Darul Takzim.Tel : 07-252 6671 / 2 / 3 / 5Fax : 07-252 6676

PONTIAN BRANCHTingkat Bawah & Satu,No.29, Jln Delima,Pusat Perdagangan Pontian,82000 Pontian,Johor Darul Takzim.Tel : 07-688 1909 / 2259 / 65666Fax : 07-688 3660

KULAIJAYA BRANCHNo. 50,Jalan Sri Putra 1,Bandar Putra,81000 Kulai Jaya,Johor Darul Takzim.Tel : 07-663 5204 / 05 / 06Fax : 07-663 3208

BANDAR PENAWAR BRANCHBangunan Pusat Penerangan Pelan-congan,Jln Dato’ Onn 1,81900, Bandar Penawar,Kota Tinggi, JohorTel: 07-822 2802 / 03 / 04Fax: 07-822 2806

AERO MALL AIRPORT Lot E7 & E8Public Concourse, Aero MallSultan Ismail International Airport81250 Johor BahruJohor Darul Takzim.Tel: 07-598 5975/ 77 Fax: 07-598 5978

IFSC JOHOR BAHRUGround FloorMenara Tabung HajiJalan Ayer Molek80000 Johor BahruJohorTel: 07-223 7030 / 7033Fax: 07-223 7032


PAHANG DARUL MAKMUR

KUANTAN BRANCHNo.G-05, G-06 & G-07,Mahkota Square, Jalan Mahkota, 25000 Kuantan,Pahang Darul Makmur.Tel : 09-513 3366 / 67 / 68 / 70Fax : 09-513 3369

TEMERLOH BRANCHLot No. C49 & C50Jalan Tengku Ismail28000 TemerlohPahang Darul Makmur. Tel: 09-296 5301 / 3222/ 296 1416 Fax: 09-296 5300

BANDAR PUSAT JENGKA BRANCHNo. 33 & 34, Kedai 36,Unit LKWJ, Nadi Kota,26400 Bandar Jengka,Pahang Darul Makmur.Tel : 09-466 2890 / 71 / 4837 / 4153Fax : 09-466 2891

RAUB BRANCHLot 16474 & 16475, Jln Tras,Pusat Perniagaan Inderapura,27600 Raub, Pahang Darul Makmur.Tel : 09-355 8300Fax : 09-355 8302

JERANTUT BRANCHNo. 4 Lorong Dulang 1,Bandar Baru Jerantut,27000 Jerantut,Pahang Darul Makmur.Tel : 09-266 6120 / 1Fax : 09-266 6380

BANDAR MUADZAM SHAH BRANCHNo. 9, Medan Mewah,26700 Bdr. Muadzam Shah,Pahang Darul Makmur.Tel : 09-452 3175 / 5175 / 5176Fax : 09-452 3177

PEKAN BRANCHNo. 1 & 2, Lot 61,Seksyen 7, Jln Engku Muda Mansor26600 PekanPahang Darul MakmurTel: 09-422 8622 / 8922Fax: 09-422 8818

PUTRA SQUARE, KUANTAN BRANCHNo. 1, Jalan Putra Square 2,Putra Square,25200 Kuantan, Pahang Darul Makmur.Tel : 09-517 3225 / 29 / 31Fax : 09-517 3235

KUALA ROMPIN BRANCHNo. 2 & 3 Ground FloorJalan Cemara UtamaTaman Rompin Jaya Fasa 326800 Kuala RompinPahang Darul Makmur.Tel : 09-414 6064 / 6065 / 6068Fax : 09-414 6074

TERENGGANU DARUL IMAN

KUALA TERENGGANU BRANCHTingkat Bawah & Satu, Lot 1128, Bangunan Majlis Agama Islam & Adat Melayu Terengganu,Jln Banggol, Peti Surat 205,20720 Kuala Terengganu,Terengganu Darul Iman.Tel : 09-622 4730 / 44/ 54 / 80Fax : 09-623 3944

CHUKAI BRANCHPT16096 , PT16097 & 16098,Jln Kubang Kurus,24000 Kemaman,Terengganu Darul Iman.Tel : 09-859 9999 / 9977 Fax : 09-859 9998 / 9997

JERTEH BRANCHTingkat Bawah & SatuLot 180 & 181,Jalan Tuan Hitam,22000 Jerteh,Terengganu Darul Iman.Tel : 09-697 3388Fax : 09-697 1592

DUNGUN BRANCHTingkat Bawah & SatuLot 7928 & 7929,Jln Baru Pak Sabah,23000 Dungun,Terengganu Darul Iman.Tel: 845 3302 / 055Fax: 848 5502

PADANG HILIRAN BRANCHLot No F18, F19 & G55,Giant Hypermarket Kuala Tereng-ganuH.S (D) 6917, PT 1485,Jalan Padang Hiliran21000, Cabang Tiga,Kuala TerengganuTerengganuTel: 09-631 3533/8354/8355Fax: 09-631 3633


KELANTAN DARUL NAIM

KUBANG KERIAN BRANCHTingkat Bawah, PT 1540, 1541 & 1542, Persiaran KK 6,Jln Raja Perempuan Zainab II,Bdr Baru Kubang Kerian,16150, Kota Bharu, KelantanTel: 09-764 0052 / 58 / 69 / 70 / 71Fax: 09-764 0057

PASIR MAS BRANCHTingkat Bawah & MezzanineNo. 41 & 42,Jalan Tengku Ahmad,17000 Pasir Mas,Kelantan Darul Naim.Tel : 09-790 0750 / 1Fax : 09-790 0752

TANAH MERAH BRANCHLot 4142, Jalan Tasik,17500, Tanah Merah,Kelantan Darul NaimTel: 09-955 8341Fax: 09-955 8342

MACHANG BRANCHNo. 26 & 27, Jalan Tanjung,Pasar Baru,18500 Machang,Kelantan Darul NaimTel: 09-975 2977 / 800 / 1490Fax: 09-975 2900

KUALA KRAI BRANCHNo.36 & 37,Jln Sultan Yahya Petra,18000 Kuala Krai,Kelantan Darul Naim.Tel : 09-966 4627 / 9603 004 / 2 /8Fax : 09-966 4651

GUA MUSANG BRANCHTingkat Bawah, Lot 7 & 8,Bangunan Tabung Haji,18300 Gua Musang,Kelantan Darul Naim.Tel : 09-912 2003 Fax : 09-912 1772

RANTAU PANJANG BRANCHNo. 182, Jalan Besar,Lubok Stol,17200 Rantau Panjang,Kelantan Darul Naim.Tel : 09-795 0077 / 2768Fax : 09-795 0088

PASIR PUTEH BRANCHLot No. 493, Seksyen 1,Bandar Pasir Puteh,16800 Pasir Puteh,Kelantan Darul Naim.Tel: 09-786 0067 / 1 / 2 / 3Fax: 09-786 0068

KOTA BHARU BRANCHNo.72. Jln Sultan Yahya Petra,Seksyen 25, 15720, Kota Bharu, KelantanTel: 09-741 9222 / 333 / 555 / 38825Fax: 09-743 8826

JALAN SULTAN IBRAHIM BRANCHNo. 3486-P, No. 3486-Q & Lot No. 3486-Q/A,Jalan Sultan Ibrahim,15050 Kota Bharu,Kelantan Darul Naim.Tel: 09-743 4020 / 30 / 60 Fax: 09-743 3020

PASIR TUMBOH BRANCHNo.8033 & 8034Bandar Satelit IslamPasir Tumboh, Jalan Pasir Puteh16150, Kota Bharu, KelantanTel: 09-764 4077 / 765 3077 / 765 6077Fax: 09-764 6077

WILAYAH PERSEKUTUAN, LABUAN

LABUAN BRANCHTingkat Bawah & Satu,Lot 13 & 14,Lazenda Phase 3, Jln OKK Abdullah,87088 Labuan, Wilayah Persekutuan Tel: 087-419 205 / 424 901Fax: 087-419 206


SABAH

KOTA KINABALU BRANCHTingkat Bawah & Satu,Bangunan UMNO Sabah,Jln Kemajuan, Karamunsing,88000 Kota Kinabalu, Sabah.Tel : 088-447 285 / 306 / 312 / 314Fax : 088-447 315

TAWAU BRANCHTingkat Bawah & Satu,Lot 1 & 2, Block 41,Fajar Commercial Complek,Jalan Haji Karim,91000 Tawau,Sabah.Tel: 089-778 966 / 8758 / 9917Fax: 089-779 666

LAHAD DATU BRANCHLot 54 & 55, Blok 4,Bandar Wilayah,91100 Lahad Datu,Sabah.Tel : 089-889 233 / 44 / 55 / 66Fax : 089-889 277

SANDAKAN BRANCHLot 1 & 2, Block 23Bandar Indah, Mile 4North Road,90000 Sandakan,Sabah.Tel : 089-214 885 / 942 / 964Fax : 089-214 977

ALAMESRA, KOTA KINABALU BRANCHNo. 146 & 147, Alamesra Plaza Permai, Sulaiman Coastal Highway, 88400 Kota Kinabalu, SabahTel : 088-487 975 /976/978Fax : 088-487 980

SARAWAK

KUCHING BRANCHLot 433, 434 & 435,Seksyen 11, KTLD,Bangunan Tuanku Muhamad Al-Idrus, Jalan Kulas, 93400 Kuching, Sarawak.Tel : 082-412 259 / 4159 / 7289 / 3229Fax : 082-410 446

BINTULU BRANCHNo. 195 & 196, Lot 3743,Bintulu Park City Commercial Centre,Jalan Tun Ahmad Zaidi,97000 Bintulu,Sarawak.Tel : 086-337 413 / 18 / 34 / 93 / 781Fax : 086-337 401

MIRI BRANCHNo.1257 & 1258, Block 9,Centre Point Commercial District,Jln Melayu, 98000 Miri, Sarawak.Tel : 085-415 422 / 4 / 5Fax : 085-415 421

KOTA SAMARAHAN BRANCHNo 1-3, Block 1,Desa Ilmu Commercial Centre,Jalan Datuk Musa,94300 Kota Samarahan,Sarawak.Tel : 082-672 461 / 2616 / 2617 / 2284 / 2285Fax : 082-662 618

SIMPANG TIGA, KUCHING BRANCHNo. 69, Lot 10898, Jln Tun Jugah,93350, Kuching, SarawakTel: 082-453 716 / 26 / 36Fax: 082-453 711


DIRECTORY OF OTHER IUTA OFFICES FOR PURCHASE AND REPURCHASE OF UNITS

IFAST CAPITAL SDN BHD(782978-H)Level 28, Menara Standard Char-teredNo.30, Jalan Sultan Ismail50250 Kuala Lumpur.B-2-7, Block B, Unit 7Megan Avenue II12, Jalan Yap Kwan Seng50450 Kuala Lumpur.Tel: 03-2783 0300Fax: 03-2166 6417

PHILLIP MUTUAL BERHADCustomer Service Hotline No: 03-2783 0200Fax: 03-2711 3036Email : [email protected]


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BIMB INVESTMENT MANAGEMENT BERHADAs at 15 March 2012, being the la test practicable date for the...

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Transcript of BIMB INVESTMENT MANAGEMENT BERHADAs at 15 March 2012, being the la test practicable date for the...