BOARD OF DIRECTORS

KEY PERSONNEL

INVESTMENT COMMITTEE MEMBERS

INVESTMENT COMMITTEE MEMBERS

Professor Dr. Mohamed Aslam Bin Mohamed Hameed

Independent

Nik Mohamed Zaki Bin Nik Yusof

Independent

Haji Mansoor Bin Ahmad

Chairman/Independent

THE FUNCTIONS AND RESPONSIBILITIES OF THE INVESTMENT COMMITTEE ARE AS FOLLOWS:

To ensure the investment management policies of the Funds are consistent with the Funds’ objectives, this Master Prospectus (as amended from time to time), the Deeds and the Guidelines and other relevant laws;

To formulate investment policies and plan, and to select appropriate strategies to meet the Funds’ objectives;

To provide guidance and advice in the implementation of the strategies;

To provide guidance and advice in the implementation of the strategies;

To consider other matters deemed necessary for the bene t of the Funds; and

To recommend the Funds’ income distribution and/or unit splitting for the Trustee’s approval.

To meet at least once every two (2) months to monitor the fund management activities of the Management Company.

SHARIAH ADVISERS

PROFILE

BIMB Securities Sdn Bhd (BIMBSEC) is a stockbroking subsidiary of BIMB Holdings Bhd incorporated on 21 February 1994 licensed by the SC. The corporate mission of BIMBSEC is to be an active participant in a modern, innovative and dynamic Islamic capital market in Malaysia, catering for the needs of all investors, Muslims and non-Muslims, looking for Shariah-compliant investment products and services. BIMBSEC is registered with the SC to act as a Shariah Adviser for Islamic products and services regulated by the SC, which include Islamic collective investment schemes. BIMBSEC is independent from the Manager and does not hold office as a member of the investment committee of the Funds or any other funds managed and administered by the Manager. As at 16 December 2020, BIMBSEC is a corporate Shariah Adviser to seventy-six (76) Islamic funds including one (1) Islamic real estate investment trust (REIT). The shareholdings of BIMBSEC are as follows:-

SHAREHOLDERS

BIMB Securities Holdings Sdn Bhd (wholly owned subsidiary of BIMB Holdings Berhad) : 51%

BIMB Holdings Berhad : 49%

BOARD OF DIRECTORS

  • Zahari @ Mohd Zin bin Idris : Chairman
  • Kamaruzaman Abdullah : CEO/Executive Director
  • Mustapha bin Hamat : Non-Executive Director
  • Dr. Mohd Hatta Dagap : Non-Executive Director
  • Adi Asri Baharom : Non-Executive Director

DESIGNATED PERSON RESPONSIBLE FOR SHARIAH MATTERS

  •  Ir. Dr. Muhamad Fuad bin Abdullah

Dr. Muhamad Fuad, the designated person in-charge of all Shariah matters in BIMBSEC is also appointed to its Shariah Advisory Committee of BIMBSEC effective 1st June 2011.

He graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982, both from the University of Southampton, England. He also obtained a Bachelor of Arts (Jayyid) Degree in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in 1996.

Currently, he sits on the Shariah committees of Public Islamic Bank Berhad and AIA-Public Takaful Berhad. He is a registered Shariah Adviser (2019-2022) with the SC.

He sits on the boards of Gagasan Nadi Cergas Berhad, Mesiniaga Berhad, PNB Commercial Sdn Bhd, Universiti Tun Abd Razak Sdn Bhd and Universiti Sains Islam Malaysia (USIM).

He was elected President of the Association of Shariah Advisers for Islamic Finance (ASAS) on 9th September 2020. Previously, he was an ASAS EXCO member from its inception in 2012 until 2018.

Dr. Muhamad Fuad is a recipient of the National Book Award 2015 for his book published by IKIM entitled “The influence of Islam Upon Classical Arabic Scientific Writings: An examination of the Extent of Their Reference to Quran, Hadith and Related Texts”.

  • Nurussaádah binti Nasarudin

Nurussaádah joined BIMBSEC in June 2015. She is the designated Shariah officer responsible for the Shariah advisory services offered by the company.

Nurussaádah graduated with a Bachelor of Shariah majoring in Islamic Banking and Economics from the University of Yarmouk, Jordan.

Currently, she is responsible in providing Shariah inputs on the advisory, consultancy and research functions with regards to Islamic capital market and Islamic collective investment schemes, including but not limited to, conducting surveillance on the non-financial institution activities.

She is experienced in product development and review for Islamic capital market products specifically on Islamic stockbroking services.

ROLES AND FUNCTIONS OF SHARIAH ADVISER

  • To advise on the Shariah aspects of the Funds and Funds operations and processes such that they are in accordance with Shariah requirements, and specifically the resolutions issued by the SACSC.

  • To provide Shariah expertise and guidance in all matters related to the Funds, particularly on the Funds’ deed and prospectus, structure, investments and related operational matters.

  • To ensure that the Funds are managed and operated in accordance with Shariah as determined by the relevant SC regulations and standards, including resolutions issued by the SACSC.

  • To review the Funds’ compliance reports as provided by the Manager’s compliance officer, and investment transaction reports provided or duly approved by the Trustee to ensure that the Funds’ investments are in line with Shariah requirements.

  • To issue a report for inclusion in the interim and annual reports of the Funds stating the Shariah Adviser’s opinion on the Funds’ compliance with Shariah requirements in its investment, operations and processes for the financial period concerned.

  • To consult the SC where there is ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.

  • To meet with the Manager beside on a quarterly basis, when urgently required for review of the Funds’ operations and processes

     

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