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

ABOUT BIMB SECURITIES SDN BHD

BIMB Securities Sdn Bhd is a stockbroking subsidiary of BIMB Holdings Bhd incorporated on 21 February 1994 licensed by the SC. 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 and 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 Islamic products and services regulated by the SC, which include Islamic collective investment schemes. BIMB Securities Sdn Bhd 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 30 June 2020, BIMB Securities Sdn Bhd is a corporate Shariah adviser to eighty (80) Islamic funds including one (1) Islamic real estate investment trust (REIT).

ROLES AND RESPONSIBILITIES OF BIMB SECURITIES SDN BHD AS A SHARIAH ADVISER

As the Shariah adviser, the role of BIMB Securities Sdn Bhd is to ensure that the investment operations and processes of the Funds are in compliance with Shariah requirements. BIMB Securities Sdn Bhd will review the Funds’ investments on a monthly basis to ensure Shariah compliance and it also reviews the interim and annual reports of the Funds.

Notwithstanding the role played by the Shariah adviser, the ultimate responsibility for ensuring Shariah compliance of the Funds in all aspects of operations and processes 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 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 SAC of the SC;
2.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;
3.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 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 requirements;
5.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;
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’ operations and processes.

PROFILES OF THE SHARIAH PERSONNEL

Ir. Dr. Muhamad Fuad bin Abdullah (“Dr. Muhamad Fuad”)

Dr. Muhamad Fuad, the designated person in-charge of all Shariah matters in BIMB Securities Sdn Bhd is also appointed to the Shariah advisory committee of BIMB Securities Sdn Bhd 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).

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”)

Nurussaádah joined BIMB Securities Sdn Bhd 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.