Advisers and delegates

Fund Valuer - Deutsche Trustees Malaysia Berhad (Company No. 763590-H) ("DTMB")

DTMB has been appointed to carry out the fund accounting and valuation services for the Funds. DTMB is a wholly-owned subsidiary of the parent organisation, Deutsche Bank Aktiengesellschaft. DTMB was incorporated in Malaysia on 22 February 2007 and commenced business in May 2007.

DTMB is part of Deutsche Bank’s Securities Services, which provides trustee and fund accounting and valuation services. DTMB expanded its product offering to include fund accounting and valuation services in 2018.

Its duties include, amongst others, performing valuation of the investments and the Funds and maintaining financial accounting records of portfolios including all transactions data, records and investment ledgers.

In providing the above services, DTMB will be supported by Deutsche Investor Services Private Limited (“DISPL”) in India, a 100% Deutsche Bank owned legal subsidiary in the processing of daily fund administration transactions.

Roles and duties of the fund valuer

Eastspring Investments Berhad (“Manager”) has appointed DTMB as the fund valuer for the funds. The fund valuer is responsible for the computation of the Net Asset Value (“NAV”) of the funds in accordance with the requirements of the prospectus of the funds and the Deed. The fund valuer will report to the Manager at the end of each business day on the NAV of the funds including the daily purchases and sales transactions, and stock holding report. The report will be sent to the Manager via fax, email and/or other method as agreed by both parties.

DTMB will undertake the accounting and valuation function for the funds by way of a service level agreement. Under the terms of the agreement, DTMB will maintain proper accounts; carry out daily valuation and pricing and sending the unit prices for publication in the newspaper.

Registrar and Transfer Agent - Karvy Fintech (Malaysia) Sdn Bhd

Karvy Fintech (Malaysia) Sdn. Bhd. (“Karvy”) (registration number 1178655 – U), was incorporated in Malaysia on 8 March 2016 and commenced business on 25 April 2016. Karvy is registered as a private limited company to provide registrar and transfer agency services to asset management or investment management companies, with its business address at Suite 16.1, Level 16, Menara IMC, No. 8 Jalan Sultan Ismail, 50250 Kuala Lumpur.

Roles and duties of the registrar and transfer agent

Eastspring Investments Berhad has appointed Karvy as the registrar and transfer agent for the funds. Karvy’s roles and duties include maintaining the register of unit holders, transaction processing, reconciliation and preparing relevant communication to investors. Certain processes for the abovementioned duties are further sub-delegated to Karvy’s affiliate entity, Karvy Computershare Private Limited (“KCPL”) in India.

Shariah Adviser- BIMB Securities Sdn Bhd (“BIMB”)

BIMB has been appointed as the Shariah Adviser for the Eastspring Investments Dana al-Ilham, Eastspring Investments Dana al-Islah, Eastspring Investments Dana Dinamik, Eastspring Investments Islamic Income Fund and Eastspring Investments Dinasti Equity Fund, Eastspring Investments Islamic Small-cap Fund, Eastspring Investments Islamic Equity Income Fund and Eastspring Invstments Wholesale Sukuk Fund (the “Funds”). BIMB Securities Sdn Bhd will provide Shariah advisory services on the mechanism of the operations of the Funds to ensure the Funds comply with Shariah requirements as stipulated by the SC.

General Information of BIMB

BIMB Securities Sdn Bhd is a stockbroking subsidiary of BIMB Holdings Berhad. It was incorporated on 21 February 1994. The corporate mission of BIMB Securities Sdn Bhd 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 or non-Muslims, looking for Shariah-compliant investment products and services.

Experience in Advisory and Services

BIMB Securities Sdn Bhd is registered with the SC to act as a Shariah adviser for Shariah-compliant products and services regulated by the SC, which include collective investment schemes. BIMB Securities Sdn Bhd is independent from the Manager and do not hold office as a member of the investment committee of the same Funds or any other fund managed and administered by the Manager. As at 31 October 2018, BIMB Securities Sdn Bhd is a corporate Shariah adviser to 42 Islamic unit trust funds.

Roles and Responsibilities of BIMB as the Shariah Adviser

As the Shariah Adviser, the role of BIMB Securities Sdn Bhd is to ensure that the investment operation and management of the Funds is in compliance with Shariah requirements. The Shariah Adviser reviews the Funds’ investments on a monthly basis to ensure Shariah compliance and it also reviews all the Funds’ interim and annual reports.

Nonetheless, the final responsibility for ensuring Shariah compliance of the Funds in all aspects of operation and management rests solely with the Manager. In line with the SC’s guidelines, the roles of BIMB Securities Sdn Bhd as the Shariah Adviser are:

1. to advise on all aspects of the Funds and fund management business in accordance with Shariah principles, specifically as resolved by the SAC of the SC;
2. to provide Shariah expertise and guidance in all matters, particularly on the Funds’ deed and prospectus, fund structure, investments and other operational matters;
3. to ensure that the Funds are managed and operated in accordance with Shariah principles as determined by the relevant SC regulations and standards, including resolutions issued by the SAC of the SC;
4. 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 principles;
5. to issue a report for inclusion in the Funds’ annual and interim reports stating the Shariah Adviser’s opinion on the Funds’ compliance with the Shariah principles in its operation and management for the financial period concerned;
6. to consult the SC where there is ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process; and
7. to meet with the Manager beside on a quarterly basis when urgently required for review of the Funds’ operation and management.

Profile of the Shariah Team

Ir. Dr. Muhamad Fuad bin Abdullah

Ir. Dr. Muhamad Fuad bin Abdullah (Dr. Muhamad Fuad), the designated person in-charge of all Shariah matters in BIMB Securities Sdn Bhd was appointed on 1 June 2011. He was concurrently appointed to the Shariah Advisory Committee of BIMB Securities Sdn Bhd. 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 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.

He is a registered Shariah adviser with the SC since 2010. Currently, he also serves as the chairman of the Shariah committee of MIDF Group of Companies. He sits on the boards of Gagasan Nadi Cergas Berhad, Mesiniaga Berhad, PNB Commercial Sdn Bhd, Universiti Tun Abdul Razak Sdn Bhd, Universiti Sains Islam Malaysia (USIM), USIM Tijarah Holdings Sdn Bhd and Institut Kefahaman Islam Malaysia (IKIM), a public company limited by guarantee. Until early this year, Dr. Muhamad Fuad has been an executive committee member of the Association of Shariah Advisers for Islamic Finance (ASAS) since its inception in 2012. He now chairs the Association’s Professional Development Committee. He is the chairman of the Advisory Panel of the Faculty of Syariah and Law of USIM since 4 October 2016. 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”.