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Muamalat Invest Sdn Bhd

Muamalat Invest Sdn Bhd (“MISB”) is a wholly-owned subsidiary of Bank Muamalat Malaysia Berhad which in turn is 70% owned by DRB-Hicom Berhad, a company listed on Bursa Malaysia Berhad. Muamalat Invest, a licensed Islamic fund manager, has been a licensed fund management company since 2006, and was accorded the Islamic Fund Management license in September 2010.

Our vision is to be one of the leading Islamic fund management companies by providing Shariah compliant investment services. Supported by a credible team of Shariah Adviser and experienced fund managers, we strive to provide our investors professionalism in employing methodological and structured investment processes whilst adhering to stringent Shariah principles. This holistic Shariah approach equally extends to our day to day operations and management of our business.

As at 30 September 2022, Muamalat Invest has an authorised capital of RM13 million and issued and paid up capital of RM13 million with a total assets under management of RM5.13 billion comprising of private mandates and collective investment schemes (2 retail unit trust funds and 3 wholesale funds).

As the Manager of the Fund, Muamalat Invest is responsible for the day-to-day operations of the Fund in accordance with the provisions of the Deed. The main responsibilities of Muamalat Invest include:

  1. managing the Shariah-compliant investment portfolio of the Fund;
  2. arranging the sale and repurchase of Units;
  3. keeping proper records of the Fund and Unit Holders;
  4. issuing reports on the performance to Unit Holders;
  5. arranging distribution of income and/or Units to Unit Holders; and
  6. marketing the Units of the Fund to investors.

 

Contact Details

Our personnel are available to investors every Monday to Friday (except for public holidays) from 9.00 a.m. to 5.00 p.m. to provide assistance and respond to inquiries.

Business Office
Muamalat Invest Sdn Bhd (384635-P)
4th Floor, Menara Bumiputra,
Jalan Melaka,
50100 Kuala Lumpur

T : 03 – 2615 8400/8177/8186/8178
F : 03 – 2070 0157
E : misb@muamalat.com.my

Details Financial Year
31 December 2020 Audited (RM) 31 December 2021 Audited (RM) 31 December 2022 Audited (RM)
Issued and Paid Up Capital 13,000,000 13,000,000 13,000,000
Shareholder’s Funds 14,173,391 14,962,119 14,864,113
Turnover 4,642,291 4,373,261 3,707,378
Pretax Profit 951,108 900,185 19,870
After Tax Profit/(Loss) 851,423 788,728 (98,006)

The Board of Directors takes an active part in the affairs of the Manager and the funds under its management. The Board of Directors meets at least once every three (3) months to receive recommendations and reports on investment activities, set policies and guidelines of the Manager including review of business performance, financial and audit reports of the Manager. Additional meetings shall also be convened, should the need arise.

The Board of Directors comprises of:

Khairul Kamarudin
Non-Executive Non-Independent Director

Experience and Qualifications

En. Khairul Kamarudin is currently the Chief Executive Officer of Bank Muamalat Malaysia Berhad. Encik Khairul bin Kamarudin brings with him 22 years of experience in the financial industry, of which 14 years were with Bank Islam Malaysia Berhad (BIMB). He was Chief Executive Officer (CEO) of BIMB (July 2017 to August 2018) and former CEO of BIMB Holdings Berhad (June 2017 to August 2018). During his tenure with BIMB and prior to his appointment as the CEO he held the positions of Deputy CEO, Director of Business Development, Head of Consumer Banking and Head of Special Recovery.

He has a Law Degree from Anglia Ruskin University, United Kingdom. He is also a Member of the Chartered Institute of Islamic Finance (CIIF).

Encik Khairul’s Islamic Banking and Finance Industry experience includes being Director of BIMB Investment Berhad, Board Member of IAP (Investment Account Platform), Board Member of Islamic Banking and Finance Institute Malaysia (IBFIM), Board Member of Majlis Agama Islam Wilayah Persekutuan (MAIWP). Before joining BIMB he was with Pengurusan Danaharta Nasional Berhad for 5 years. Encik Khairul started his career as an Audit Senior with PriceWaterhouseCoopers Malaysia (Assurance & Business Advisory Services, Banking & Financial Services Group).

Mohd Faruk bin Abdul Karim
Executive Director

Experience and Qualifications

Mohd Faruk joined Muamalat Invest Sdn Bhd (“MISB”) in November 2016. He holds an Honours Degree in Accountancy from Association of International Accountants, UK (professional body). He has more than 20 years of experience in debt and capital market industry. Prior to joining MISB, he was the Head of Investment at Zurich Takaful Malaysia Bhd for approximately 9 years. Before that, he was attached to AIA Malaysia Investment Department, managing fixed income portfolios for 7 years and few other companies including Avenue Securities, Am Investment and Deutsche Bank.

Md. Khairuddin Haji Arshad
Independent Non-Executive Director

Experience and Qualifications

En. Md. Khairuddin Haji Arshad is currently an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. He also serves as the Chairman of the Board Risk Management Committee and a member of the Board Audit, Board Veto and Board Compliance Committees.

He has over 25 years of experience in the banking industry. He started his career with Bank Negara Malaysia (BNM) in 1991 and served in the Bank Regulation Department and, Islamic Banking and Takaful Department until 2005. He was involved in the setting up of the International Islamic Financial Market and the Islamic Financial Services Board.

He was part of the pioneer management team tasked with the establishment of Perbadanan Insurans Deposit Malaysia. He served as Chief Operating Officer and General Manager, Insurance, Risk Assessment and Monitoring Division since its establishment in 2005 until 2013. He was also the first Chairman of the Islamic Deposit Insurance Group of International Association of Deposit Insurers.

He joined Bank Rakyat in 2013 as Chief Risk Officer and his last position was Chief Operating Officer where he was entrusted with the responsibilities to expand the retail and corporate banking businesses, ensure effective implementation of the recovery and rehabilitation activities, manage corporate services effectively and continuously improve the effectiveness and efficiencies of the overall banking operations.

He holds a Bachelor’s Degree in Accounting from the International Islamic University Malaysia. He also attended the Oxford Advanced Management and Leadership Program and ICLIF Global Leadership Development Program. He also has a Master of Business Administration from Heriot Watt University.

Roshidah Abdullah
Independent Non-Executive Director

Experience and Qualifications

Pn. Roshidah Abdullah is currently an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. She is the Chairman of the Board Audit Committee and a member of the Board Nomination & Remuneration and Board Compliance Committees.

She has more than 25 years’ experience in financial management, corporate strategy development, governance and risk management in various organisations across diverse industries – upstream oil and gas; pharmaceutical manufacturing and distribution; construction and engineering – with operations in Malaysia and abroad (particularly Kazakhstan, Indonesia and the Middle East). Having worked for almost 20 years in public listed companies and large conglomerates in the capacity of Chief Financial Officer and equivalent, she has had much exposure to the requirements and set up of code of corporate governance and enterprise-wide risk management framework in her previous organisations.

She started her career as an auditor with Deloitte and Touche (Kassim Chan & Co) in 1989. She left the firm in December 1992 to join Time Engineering Berhad as a Group Accountant.

In January 1995, Pn. Roshidah moved to Remedi Pharmaceuticals (M) Sdn Bhd (Remedi) to head the Finance Department. Remedi was at that point just secured a 15-year concession contract to manage the drug procurement for the Ministry of Health Malaysia. She was also directly involved in the merger and acquisition of Remedi, Raza Manufacturing Berhad and Strand Pharmaceuticals Sdn Bhd by Pharmaniaga Berhad (Pharmaniaga) in 1998, and the subsequent public listing of Pharmaniaga on Bursa Securities in 1999. In January 2000, Roshidah was promoted as the General Manager Finance and later in April 2003, as the Chief Financial Officer for Pharmaniaga. She was also Pharmaniaga’s Chief Operating Officer from 2006 to March 2008.

Pn. Roshidah then spent the next two years until early 2010 as Finance Director at UEM Group Berhad and UEM Builders Berhad before she returned to Pharmaniaga to assist the Company to, amongst others, finalise its negotiation for renewal of the concession agreement and prepare for the change in controlling shareholders.

After leaving Pharmaniaga in March 2011, Roshidah had a short stint as a business consultant. Then from April 2013 to October 2016, she was the Chief Financial Officer with Sumatec Resources Berhad.

Pn. Roshidah obtained a Bachelors of Arts degree in Accountancy from South Australian Institute of Technology, Australia (now known as University of South Australia) in 1988. She is also a chartered member of Malaysian Institute of Accountants and a certified member of Australian CPA since 1992.

Mohd Faruk bin Abdul Karim
Chief Executive Officer

Experience and Qualifications

Mohd Faruk joined Muamalat Invest Sdn Bhd (“MISB”) in November 2016. He holds an Honours Degree in Accountancy from Association of International Accountants, UK (professional body). He has more than 20 years of experience in debt and capital market industry. Prior to joining MISB, he was the Head of Investment at Zurich Takaful Malaysia Bhd for approximately 9 years. Before that, he was attached to AIA Malaysia Investment Department, managing fixed income portfolios for 7 years and few other companies including Avenue Securities, Am Investment and Deutsche Bank.

Ling Kim Moy, Head
Strategic Operations

Experience and Qualifications

Ling Kim Moy joined MISB in November 2023. She holds an Honours Degree in Accountancy from University Malaya. She has 12 years working experience in finance and 15 years in fund management.

She started her career in Hong Leong Finance as an Internal Audit Executive. In 1994 she assumed the post of an accountant in Hong Leong Management and transferred to Hong Leong Yamaha Distributors in 1997. She was promoted to Finance Manager in Hong Leong Fund Management in 1999, and licensed as a compliance officer registered with the Securities Commission.In 2008 she joined Amundi Asset Management as Senior Manager, Finance and Admin, a pioneer member before being promoted to Head of Operations, Associate Director in 2014.

Prior to joining MISB, she was attached to HL Management Co as a Financial Controller

Amirudin Bin Abdul Hamid
Head of Investment

Experience and Qualifications

Amirudin bin Abdul Hamid joined Muamalat Invest Sdn Bhd (“MISB”) in October 2021 as a Head of Investment. He brings a unique and extensive 19 years of experience in managing domestic and offshore equity. He began his career in 2002 with Permodalan Nasional Berhad as an investment analyst before being promoted to the fund manager role in 2006. In 2008, he joined Amundi Asset Management Malaysia as one of the pioneer members. In 2014, he joined Public Mutual for a short spell before moving to RHB Islamic International Asset Management Berhad in 2016 as a senior fund manager. Prior to joining MISB, he was attached with Gax MD Sdn Bhd as a portfolio manager for a digital and algorithm-driven investment platform called MYTHEO.

Roles and Primary Function of the Investment Committee

The investment committee of the Fund (“Investment Committee”) formulates, establishes and implements investment strategies and policies. The Investment Committee 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 Committee will also ensure investment guidelines and regulations are complied with. The Investment Committee will meet at least once every quarter.

 

Md. Khairuddin Haji Arshad
Independent Non-Executive Director

Experience and Qualifications

En. Md. Khairuddin Haji Arshad is currently an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. He also serves as the Chairman of the Board Risk Management Committee and a member of the Board Audit, Board Veto and Board Compliance Committees.

He has over 25 years of experience in the banking industry. He started his career with Bank Negara Malaysia (BNM) in 1991 and served in the Bank Regulation Department and, Islamic Banking and Takaful Department until 2005. He was involved in the setting up of the International Islamic Financial Market and the Islamic Financial Services Board.

He was part of the pioneer management team tasked with the establishment of Perbadanan Insurans Deposit Malaysia. He served as Chief Operating Officer and General Manager, Insurance, Risk Assessment and Monitoring Division since its establishment in 2005 until 2013. He was also the first Chairman of the Islamic Deposit Insurance Group of International Association of Deposit Insurers.

He joined Bank Rakyat in 2013 as Chief Risk Officer and his last position was Chief Operating Officer where he was entrusted with the responsibilities to expand the retail and corporate banking businesses, ensure effective implementation of the recovery and rehabilitation activities, manage corporate services effectively and continuously improve the effectiveness and efficiencies of the overall banking operations.

He holds a Bachelor’s Degree in Accounting from the International Islamic University Malaysia. He also attended the Oxford Advanced Management and Leadership Program and ICLIF Global Leadership Development Program. He also has a Master of Business Administration from Heriot Watt University.

Roshidah Abdullah
Independent Non-Executive Director

Experience and Qualifications

Pn. Roshidah Abdullah is currently an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. She is the Chairman of the Board Audit Committee and a member of the Board Nomination & Remuneration and Board Compliance Committees.

She has more than 25 years’ experience in financial management, corporate strategy development, governance and risk management in various organisations across diverse industries – upstream oil and gas; pharmaceutical manufacturing and distribution; construction and engineering – with operations in Malaysia and abroad (particularly Kazakhstan, Indonesia and the Middle East). Having worked for almost 20 years in public listed companies and large conglomerates in the capacity of Chief Financial Officer and equivalent, she has had much exposure to the requirements and set up of code of corporate governance and enterprise-wide risk management framework in her previous organisations.

She started her career as an auditor with Deloitte and Touche (Kassim Chan & Co) in 1989. She left the firm in December 1992 to join Time Engineering Berhad as a Group Accountant.

In January 1995, Pn. Roshidah moved to Remedi Pharmaceuticals (M) Sdn Bhd (Remedi) to head the Finance Department. Remedi was at that point just secured a 15-year concession contract to manage the drug procurement for the Ministry of Health Malaysia. She was also directly involved in the merger and acquisition of Remedi, Raza Manufacturing Berhad and Strand Pharmaceuticals Sdn Bhd by Pharmaniaga Berhad (Pharmaniaga) in 1998, and the subsequent public listing of Pharmaniaga on Bursa Securities in 1999. In January 2000, Roshidah was promoted as the General Manager Finance and later in April 2003, as the Chief Financial Officer for Pharmaniaga. She was also Pharmaniaga’s Chief Operating Officer from 2006 to March 2008.

Pn. Roshidah then spent the next two years until early 2010 as Finance Director at UEM Group Berhad and UEM Builders Berhad before she returned to Pharmaniaga to assist the Company to, amongst others, finalise its negotiation for renewal of the concession agreement and prepare for the change in controlling shareholders.

After leaving Pharmaniaga in March 2011, Roshidah had a short stint as a business consultant. Then from April 2013 to October 2016, she was the Chief Financial Officer with Sumatec Resources Berhad.

Pn. Roshidah obtained a Bachelors of Arts degree in Accountancy from South Australian Institute of Technology, Australia (now known as University of South Australia) in 1988. She is also a chartered member of Malaysian Institute of Accountants and a certified member of Australian CPA since 1992.

Amirul Nasir Abdul Rahim
Investment Committee Member

Experience and Qualifications

Encik Amirul Nasir Abdul Rahim is currently the Chief Financial Officer of Bank Muamalat Malaysia Berhad (BMMB) with effect from 1 September 2021. Prior to joining BMMB, he was the Director, Strategy & Finance, CIMB Niaga, Indonesia.

Responsibilities of the Shariah Adviser

The Shariah Adviser functions independently from the Manager and has responsibility only to the Fund’s Unit Holders. The Shariah Adviser meets at least half yearly or from time to time to advise the Manager on the conformance of the investments, operations and marketing aspects of the Fund with the Shariah principles. The role of Shariah Adviser is to provide expertise and guidance as well as:

  1. advising on all aspects of unit trust and fund management business in accordance with Shariah principles;
  2. providing Shariah expertise and guidance in all matters, particularly on the Fund’s deed and prospectus, Fund structure, investments and other operational matters;
  3. ensuring that the Fund is managed and administered in accordance with Shariah principles, relevant SC regulations and standards, including resolutions issued by the SAC of the SC;
  4. reviewing the Fund’s compliance report and investment transaction report received from the compliance officer on the Fund’s transactions provided by the Manager to ensure that the Fund’s investments are in line with Shariah principles;
  5. preparing a report to be included in the Fund’s annual and interim reports stating its opinion whether the Fund has been operated and managed in accordance with the Shariah principles for the financial period concerned; and
  6. ensuring that the Fund complies with any guidelines, ruling or decision issued by the SC or any regulatory authority in relation to Shariah matters.

 

The Shariah Adviser

Bank Muamalat Malaysia Berhad (“BMMB”) was incorporated on 1 October 1999. It is a full-fledged Islamic financial institution operating under the Islamic Financial Services Act 2013. Its mission is to deliver the best value to the stakeholders and its vision is to be the preferred Islamic financial service provider. Headquartered in Kuala Lumpur, BMMB offers Shariah compliant financial products and services to its customers, irrespective of their race and religious belief. BMMB is a full-fledged commercial bank providing a full range of deposit, financing and banking product and services. Its products and services are comparable with those offered by the conventional banks. Its reach is underpinned by its nation-wide networks of branches, service centers and off-shore branch in Labuan International Financial Centre. BMMB is expanding its business activities through its subsidiaries, involved in Islamic venture capital businesses and the provision of fund management services.

The following are the designated persons responsible for all Shariah matters for the Fund:-

 

Dr. Badruddin bin Hj. Ibrahim

Experience and Qualifications

Dr. Badruddin Bin Hj Ibrahim is an Associate Professor at the Department of Islamic Law, Ahmad Ibrahim Kulliyyah of Laws (AIKOL), International Islamic University Malaysia (IIUM). He joined the AIKOL, in 1995 as a lecturer. He obtained his LL.B. (Shariah &Law) and LL.M. (Shariah & Law) from International Islamic University Islamabad (IIUI) Pakistan in 1989 and 1993, respectively. In 2006, he obtained his PhD in the field of the administration of wealth under Islamic law from IIUM. He has experience in teaching many Islamic Law subject namely: Islamic jurisprudence, Islamic Legal Maxim, Siyasah Shar’iyyah, Islamic Law of Transaction, Human Rights in Islam and Qura’nic, and Hadith on Law. His areas of specialization are Administration of wealth under Islamic Law, Islamic legal principles (Islamic Jurisprudence, Islamic Legal Maxim and Maqasid al-Shari‘ah), Transaction in Islamic Law and Islamic law on banking. Previously, Dr. Badruddin was appointed as Shariah Committee member of Alliance Islamic Bank from 2009-2022 and as chairman from 2015-2021

En. Khairun Najmi Bin Saripudin

Experience and Qualifications

En. Khairun Najmi Bin Saripudin is currently a researcher at ISRA Research Management Centre, INCEIF University, mandated to undertake applied Shariah research, conduct an analytical assessment, and review the content of ISRA and INCEIF publications. Previously, he was with Islamic Banking & Takaful Department, Bank Negara Malaysia (BNM) from the year 2012 until 2022, with an emphasis on serving as the secretary of the Shariah Advisory Council of BNM. Also responsible for formulation of Shariah Standards, legal and regulatory policy, Shariah decision-making framework, as well as Shariah advisory and product reviews. In addition to Shariah, he has experience with other strategic projects, e.g. development of the Islamic finance industry, Islamic banking products and services, Islamic Finance education, as well as risk management and social finance. He holds a Bachelor’s and Master’s degree in Shariah (Fiqh and Usul) and Shariah (Fiqh al-Muamalat) from University of Malaya in 2009 and 2013 respectively. Then, he obtained his Chartered Islamic Finance Professional (CIFP) in 2013 from INCEIF.

Dr. Ahmad Zakirullah bin Mohamed Shaaran

Experience and Qualifications

Dr. Ahmad Zakirullah bin Mohamed Shaarani is currently a senior lecturer at Universiti Pendidikan Sultan Idris (UPSI), teaching Islamic Finance, Islamic Capital Market, Usul Fiqh and Qawaid Fiqhiyyah in Economic’s perspective and others Islamic Finance’s subjects. Previously, he is a Shariah Committee in UOB Malaysia since 2016-2021 and a registered Shariah Advisor as well as an internal Shariah Committee at Islamic Banking and Finance Institute of Malaysia (IBFIM) since 2012-2018. Currently, he is appointed as a Shariah Committee in National Farmers Organization (Pertubuhan Peladang Kebangsaan), a Senior Consultant in Tawafuq Consultancy Sdn Bhd and a Shariah member in Perbadanan Tabung Pembangunan Kemahiran (PTPK). In term of qualifications, he holds a Diploma and Bachelor in Syariah Islamiyyah at Institute of Islamic and Arabic Language (MADIWA), Taiping Perak and Al-Azhar University, Tanta, Egypt. He then completed his Master in Islamic Revealed Knowledge – Majoring in Usul al-Fiqh (Hons) at International Islamic University Malaysia (IIUM). He obtained his Ph.D in Usul al-Fiqh at University of Malaya in 2017. His areas of specialisation are on Islamic Banking and Finance.

Dr. Muhamad Azhari bin Wahid

Experience and Qualifications

Dr. Muhamad Azhari bin Wahid is currently a senior lecturer at Universiti Sains Islam Malaysia (USIM). He graduated from International Islamic University Malaysia (IIUM) and received his first degree in Fiqh and Usul al-Fiqh (Islamic Jurisprudence), his Master Degree and Ph.D in Islamic Banking and Finance respectively from INCEIF and University of Gloucestershire, UK. His areas of specialisation are on Islamic Banking and Finance. He is previously served as Management Trainee and appointed as Executive at BMMB Seremban Branch. Then, he has worked as Shariah Executive at Shariah Department, BMMB and his main tasks are involving in day to day advisory as well as providing Shariah training to the Bank’s staff. His last position at BMMB as Assistant Manager cum acting Head of Shariah Research and Publication which the main function is managing research on product development and Islamic banking and finance issue. He actively conducted several research papers, produced a number of books, chapters in books and publications in journal articles and presented several papers at various events or conferences at local and international level.

Dr. Mohd Shahid bin Mohd Noh

Experience and Qualifications

Dr. Mohd Shahid Mohd Noh is currently serves at University of Malaya as a lecturer at Academy of Islamic Studies, Economy & Shariah Department since 2018. He has obtained a Diploma Tahfiz Al-Quran wa Al-Qiraat, Darul Quran JAKIM in 2002 and Bachelor of Art in Qiraat Specialization from Maahad Qiraat Shoubra Al-Azhar, Arab Republic of Egypt in 2005. He has completed his first Master in Business Administration (Muamalah), Selangor Islamic College University (KUIS) in 2011 and his second Master in Islamic Financial Practice (MIFP) at INCEIF, Malaysia in 2015. He has succeeded in obtaining his Ph.D. in Faculty of Economy and Muamalat, Islamic Science University of Malaysia in 2017.

Dr. Mohd Shahid Mohd Noh’s specialisation areas are in Islamic Financial Transactions, Islamic Capital Market, Islamic Economics, and General Islamic Jurisprudence. He also currently appointed and served as Religious Officer & Imam at Masjid Al-Ghufran, Pinggir Taman Tun Dr. Ismail since 2007 and also entrusted as Director of Iqra Foundation (Training and Consultancy) from 2015 till present.

Dr. Yusri bin Mohamad

Experience and Qualifications

Dr. Yusri bin Mohamad is currently a practicing lawyer and also partner at Wajdi Mohammad Yusri & Co since 2015. He obtained two Bachelors at International Islamic University Malaysia, i.e Bachelor of Laws, & Bachelor of Laws (Shariah) Double Major in the year of 1996. In 1996, He continued his Diploma in Shariah Law and Practise at International Islamic Univ. Malaysia. He succeeded in obtaining his Ph.D. in Laws at International Islamic University Malaysia in 2010.

He has served as Assistant Professor (Senior Lecturer) Ahmad Ibrahim Kulliyyah of Laws 2010 – 2012 and before that as a lecturer of Ahmad Ibrahim Kulliyyah of Laws 1997 – 2010. He has been appointed as president of Yayasan Dakwah Islamiah Malaysia (YADIM) for 3 years started from 2015 to 2018. He also appointed as Shariah advisor for various institutions and companies among them; member of Shariah Advisory Board at Zurich Takaful (2007 – Present), Kenanga Investment Bank Berhad (2013 – 2015), Kolej Universiti Insaniah (2017-2018), Majlis Perundingan Islam (2016-Present), Hijrah Strategic Advisory Group Sdn.Bhd. 2003-2004.

Dr. Yusri bin Mohamad’s specialisation areas are in Islamic Constitutional Law, Islamic Law, Human Rights & Islamic Jurisprudence.

Fund Administration and Fund Accounting Services

Muamalat Invest Sdn Bhd (“MISB”) has appointed Malayan Banking Berhad  (“Maybank”), a financial institution licensed under the Financial Services Act 2013, to undertake the fund accounting andtransfer agency functions for the funds managed by MISB. Maybank was established in 1960,  is the largest financial services group in Malaysia with over 2,400 branches across 20 countries including all 10 ASEAN countries. Maybank provides a full suite of conventional and Shariah-compliant products and services in commercial banking, investment banking and insurance.

Roles and Duties of Maybank

Fund Accounting Services

Maybank has been providing fund accounting services since 2013.   MISB has appointed Maybank to provide the fund accounting services that includes fund valuation function. Maybank is responsible for maintaining proper accounting records, carrying out daily valuations and providing reports to the Manager. All fees and expenses arising out of this appointment are not charged to the funds but is borne by MISB.

Transfer Agency Services

MISB has appointed Maybank as the transfer agent for our funds . Maybank’s roles and duties as the transfer agent encompasses maintaining the register of Unit Holders, handling of accounts opening, setting up static data, reconciliation, processing distributions/ units splits, agency maintenance and preparing relevant reports and/or communication to investors and regulators. All fees and expenses arising out of this appointment are not charged to the funds but is borne by MISB.

Muamalat Invest Islamic Equity Fund

Closing Price for 09/04/2024

NAV Price (RM)

0.8705

Income distribution is 100% from income.

Contact Details

Our personnel are available to investors every Monday to Friday (except for public holidays) from 9.00 a.m. to 5.00 p.m. to provide assistance and
respond to inquiries.

Business Office
Muamalat Invest Sdn Bhd (384635-P)
4th Floor, Menara Bumiputra,
Jalan Melaka,
50100 Kuala Lumpur

T : 03 – 2615 8400/8177/8186/8178
F : 03 – 2070 0157
E : misb@muamalat.com.my

All investors will be automatically enrolled to receive the annual and interim reports, statements and other notices as required under UTF Guidelines via electronic communication. Investor can opt out of such mode of communication by informing MISB through email or phone call.

Muamalat Invest i-Institutional Money Market Fund

Closing Price for 09/04/2024

NAV Price (RM)
1.0000

Income distribution is 100% from income.

Contact Details

Our personnel are available to investors every Monday to Friday (except for public holidays) from 9.00 a.m. to 5.00 p.m. to provide assistance and
respond to inquiries.

Business Office
Muamalat Invest Sdn Bhd (384635-P)
4th Floor, Menara Bumiputra,
Jalan Melaka,
50100 Kuala Lumpur

T : 03 – 2615 8400/8177/8186/8178
F : 03 – 2070 0157
E : misb@muamalat.com.my

MISB is always and committed to maintain high security measures to ensure all the information provided are reliable and secure. However, there are risks beyond the company’s control in internet communications and user(s) would assume such risks. As a precaution, you should always make sure that your computer is secured and protected from any unauthorised access and/or virus that may reveal your confidential information to third parties. You should also be wary of email scams and attachments that may attempt to steal information about and/or from you.

Please note that communication over the website has not been transmitted via a private or secure link or in encrypted form. It is therefore subject to the usual hazards of internet communications, nor can it be guaranteed that this communication has not been the subject of unauthorised interception or modification by any parties. We prohibit any advertising of our brand and website using unsolicited email messages.

Investing in a Unit Trust Fund with Borrowed/Financed Money is More Risky than Investing with Your Own Savings

It is important for you to conduct your own assessment if loan/financing is suitable for you in light of your objectives, attitude to risk and financial circumstances. Before you proceed you must be aware of the risks, which would include the following:

  1. The higher the margin of loan/financing (that is, the amount of money you borrow / finance for every Ringgit of your own money that you put in as deposit or down payment), the greater the potential for losses as well as gains.
  2. You should assess whether you have the ability to service the repayments/ payments on the proposed loan/financing. If your loan/financing is a variable rate loan/financing, and if interest rates/profit rate rise, your total repayment/payments amount will be increased.
  3. If unit prices fall beyond a certain level, you may be asked to provide additional acceptable collateral or pay additional amounts on top of your normal installments. If you fail to comply within the time prescribed, your units may be sold to settle your loan/financing.
  4. Returns on unit trusts are not guaranteed and may not be earned evenly over time. This means that there may be some years where returns are high and other years where losses are experienced. Whether you eventually realise a gain or loss may be affected by the timing of the sale of your units. The value of units may fall just when you want your money back even though the investment may have done well in the past.

The brief statement cannot disclose all the risks and other aspects of loan/financing. You should therefore carefully study the terms and conditions before you decide to take a loan/financing. If you are in doubt in respect of any aspect of this Risk Disclosure Statement or the terms of the loan/ financing, you should consult the institution offering the loan/financing.

Muamalat Invest Sdn Bhd strives to provide investors with high quality information services to assist investors to make well-informed investment decisions in relation to the Fund. Muamalat Invest Sdn Bhd’s personnel are available to investors at 03-2615 8400 / 8177 / 8186 / 8178 during normal office hours Monday – Friday from 9.00 a.m. – 5.00 p.m. to provide assistance for enquiries on their investments.

 

Dispute Resolution

1. For internal dispute resolution, you may contact us at:

Muamalat Invest Sdn Bhd
4th Floor, Menara Bumiputra
No. 21 Jalan Melaka
50100 Kuala Lumpur

Tel. No. : 03-2615 8400 / 8177 / 8186 / 8178
Fax No. : 03-2070 0157
Email : misb@muamalat.com.my

 

2. If you are dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to the Securities Industry Dispute Resolution Corporation (SIDREC):

Securities Industry Dispute Resolution Center (SIDREC)
Unit A-9-1, Level 9, Tower A
Menara UOA Bangsar
No. 5, Jalan Bangsar Utama 1
59000 Kuala Lumpur

Tel. No. : 03-2282 2280
Fax No. : 03-2282 3855
Email : info@sidrec.com.my

 

3. You can also direct your complaint to the Securities Commission Malaysia (“SC”) even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the SC’s Investor Affairs & Complaints Department:

Investor Affairs & Complaints Department
Securities Commission Malaysia
No 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur

Tel. No. : 03-6204 8999
Fax No. : 03-6204 8991
Email : aduan@seccom.com.my

 

4. Federation of Investment Managers Malaysia’s (FIMM) Complaints Bureau::

Legal, Secretarial & Regulatory Affairs
Federation of Investment Managers Malaysia
19-06-1, 6th Floor, Wisma Tune
No. 19, Lorong Dungun
Damansara Heights,
50490 Kuala Lumpur

Tel. No. : 03-2092 3800
Fax No. : 03-2093 2700
Email : compliants@fimm.com.my

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AUSTRALIAN DOLLARAUD3.1600003.0110002.995000
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2024-04-17 08:38:30