4 Investment Process of the Funds - Amanah Mutual Berhad

MASTER PROSPECTUS 2008/2009 

Preface 

The Unit Holders of AMB Family of Shariah-compliant Funds 

Dear Sir/Madam, 

On behalf of the Amanah Mutual Berhad (“the Manager”), we wish to inform that this Master Prospectus is in 

respect of the following three (3) Funds: 

(i) 

(ii) 

(iii) 

AMB Dana Yakin 

AMB Dana Ikhlas 

AMB Dana Arif 

Unit Holders of the Funds may refer to Chapter 1 : Summary of Key Features of the Funds for a better 

understanding of the respective Fund’s investment objectives, key strategies, asset allocation and profile of 

investors. 

You should also be aware of the inherent risks of investing in the AMB Family of Shariah-compliant Funds 

as detailed out in Chapter 2 of the Prospectus. 

There are fees and charges that will be directly and indirectly incurred by investors when Units of the 

respective Fund is purchased or redeemed. Further details of these fees and charges are disclosed in 

Chapter 7 of the Prospectus. All Units of the Fund can be purchased or redeemed at any Maybank 

Distribution Branches, being AMB’s sales distribution channel. A list of Maybank Distribution Branches is 

found in Chapter 22 of this Prospectus. 

We recommend potential investors to read and understand the contents of this Prospectus in its entirety 

before making any investment decision. 

As always, thanking you for allowing us to be of service to you. 

Yours faithfully, 

Amanah Mutual Berhad 

Aldilla@Zilfalila binti Abdul Halim 

Chief Executive Officer 

(i)


Responsibility Statement 

This Prospectus has been reviewed and approved by the Directors of Amanah Mutual Berhad, and they 

collectively and individually accept full responsibility for the accuracy of the information. Having made all 

reasonable enquiries, they confirm to the best of their knowledge and belief, there are no false or misleading 

statements, or omission of other facts which would make any statement herein false or misleading. 

Statement of Disclaimer 

The Securities Commission has approved the issue of, offer for subscription or purchase, or issue an 

invitation to subscribe for or purchase units of the Fund and a copy of this Prospectus has been registered 

with the Securities Commission. 

The approval, and registration of this Prospectus, should not be taken to indicate that the Securities 

Commission recommends the Fund or assumes responsibility for the correctness of any statement made or 

opinion or report expressed in this Prospectus. 

The Securities Commission is not liable for any non-disclosure on the part of the management company 

responsible for the Fund and takes no responsibility for the contents of this Prospectus. The Securities 

Commission makes no representation on the accuracy or completeness of this Prospectus, and expressly 

disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of the contents of 

this Prospectus. 

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 ON THE 

ACTION TO BE TAKEN SHOULD CONSULT THEIR PROFESSIONAL ADVISORS IMMEDIATELY. 

Additional Statement 

No Units will be issued or sold based on this Prospectus later than one (1) year after the date of this 

Prospectus. 

Investors are advised to note that recourse for false or misleading statements or acts made in connection 

with the Prospectus is directly available through Sections 248, 249 and 357 of the Capital Markets and 

Services Act 2007. 

AMBDY, AMBDI and AMBDA have been certified as being Shariah-compliant by the Shariah adviser 

appointed for the Funds. 

(ii)


Contents 

Glossary of Terms/Abbreviation……………………………………………………………………………........ 3 

Corporate Information……………………………………………………………………………………………... 6 

1 Summary of Key Features of the Funds……………………………………………………………… 8 

1.1 Fund Information …………………………………………………………………………………………... 8 

1.2 Fees and Charges ……………………………………………………………………...…………..…….. 10 

1.3 Information on Transactions ……………………………………………..………………………………. 11 

1.4 Special Benefits ………………………………............………………………………………………….. 12 

1.5 Other Information ………………………………………………………………………………………….. 12 

2 Risk Factor ….……………………………………………………………………………………………. 13 

2.1 Risks of Investing in Unit Trust …………………………………………………………………………... 13 

2.2 Control Of Risk …………………………………………………………………………………………….. 14 

3 Detailed Information on the Funds ………………………………………………………………....... 15 

3.1 AMB Dana Yakin ………………………………………………………………………………………….. 15 

AMB Dana Ikhlas ………………………………………………………………………………………….. 19 

AMB Dana Arif ……………………………………………………………………………………….……. 23 

3.2 Permitted Investment of the Funds ……………………………………………………………………... 26 

3.2.1 Investment in Warrants and Options ……………………………………………………………………. 27 

3.3 Investment Restrictions …………………………………………………………………………………… 27 

3.4 Exception and Exclusion Applicable to the Funds …………………………………………………….. 28 

4 Investment Process of the Funds …………………………………………………………………….. 29 

4.1 Investment Philosophy of the Funds ……………………………………………………………………. 29 

4.2 Investment Process of the Funds ……………………………………………………………………….. 30 

4.3 Bases of Valuation of Investments ………………………………………………………………………. 31 

4.4 Policy on Gearing and Liquid Assets ……………………………………………………………………. 31 

5 Performance of the Fund ……………………………………………………………………………….. 32 

5.1 AMB Dana Yakin ………………………………………………………………………………………….. 32 

AMB Dana Ikhlas ………………………………………………………………………………………….. 33 

AMB Dana Arif …………………………………………………………………………………………….. 34 

6 Historical Financial Highlights of the Fund …………………………………………………………. 36 

6.1.1 AMB Dana Yakin ………………………………………………………………………………………….. 36 

6.1.2 AMB Dana Ikhlas ………………………………………………………………………………………….. 37 

6.1.3 AMB Dana Arif …………………………………………………………………………………………….. 37 

6.2 Total Annual Expenses incurred by the Funds in the last Financial Year …………………………... 38 

7 Understanding Fees and Expenses ………………………………………………………………….. 39 

7.1 Sales Charge ………………………….…………………………………………………………………... 39 

7.2 Redemption Fee …...……………………………………………………………………………….......... 39 

7.3 Management Fee …………………………………………………………………………………………. 40 

7.4 Trustee Fee ………...……………………………………………………………………………………… 40 

7.5 Fund’s Expenses ………………………………………………………………………………………….. 40 

7.6 Transfer of Units …………………………………………………………………………………………… 40 

7.7 Switching ………………………………………………………………………………………………....... 40 

7.8 Management Expense Ratio (MER)……………………………………………………………………... 41 

7.9 Portfolio Turnover Ratio (PTR)………………………………………………………………………....... 41 

7.10 Policy on Brokerage Rebates and Soft Commissions ……………………………………………....... 41 

8 Purchasing and Redeeming of Units ………………………………………………………………… 42 

8.1 Single Pricing Policy ………………………………………………………………………………………. 42 

8.2 Valuation of Units ………………………………………………………………………………………….. 42 

8.3 Error in Pricing …………………………………………………………………………………………….. 42 

8.4 Purchasing and Redeeming of Units …………………………………………………………………..... 42 

8.5 Determination of Prices and Charges……………….………………………………….……………….. 42 

8.6 Minimum Balance of Investment …………………………….…………………………………………... 43 

8.7 Cooling-Off Right ………………………………………….………………………………………………. 43 

8.8 How to Purchase and Redeem Units of the Fund………………………………...……………………. 44 

8.9 Where to Purchase and Redeem……………………....………………………………………………… 45 

8.10 Invest your EPF Savings …………………………………………………………………………………. 45 

AMB Client Services : 03-2034 0800 1


8.11 Transfer of Units …………………………………………………………………………………………… 45 

8.12 The Flexibility to Switch your Investment ……………………………………………………………….. 45 

9 Understanding Income Distributions and Reinvestment Plan …………………………………... 46 

9.1 Distribution Policy …………………………………………………………………………………………. 46 

9.2 What Comprises Income Distribution? ……..………………………………………………………....... 46 

9.3 How is Income Distributions Calculated?……………………………………………………………….. 46 

9.4 Auto-Reinvestment of distribution for the Funds ………………………………………………………. 46 

9.5 Policy on Unclaimed Monies …………………………………………..…………………………………. 46 

10 Communication with Unit Holders ……………………………………………………………………. 47 

10.1 Customer Information Service ………………………………………………………………………....... 47 

10.2 Regular Reports on your Investment ……………………………………………………………………. 47 

10.3 Register of Unit Holders ………………………………………………………………………………….. 47 

10.4 Policies Adopted by AMB to Avoid Money Laundering Activities ……………………………………. 48 

10.5 Material Contracts ………………………………………………………………………………………… 48 

11 Rights and Liabilities of a Unit Holder ……………………………………………………………….. 49 

11.1 Rights of a Unit Holder ……………………………………………………………………………………. 49 

11.2 Liabilities of a Unit Holder ………………………………………………………………………………… 49 

12 The Management and Administration of the Funds ……………………………………………….. 50 

12.1 Corporate Profile of the Manager ………………………………………………………………………... 50 

12.2 Past Performance of the Manager ………………………………..……………………………………... 51 

12.3 Profile of the Board of Directors of the Manager ……………..………………………………………... 51 

12.3.1 Company Secretary ……………………………………………………………………………………….. 53 

12.3.2 Senior Compliance Officer ……………………………………………………………………………….. 53 

12.4 Profile of the Key Management Staff of the Manager …………………………………..…………….. 54 

12.5 The Investment Committee of the AMB Family of Funds…………………………………………....... 54 

12.6 The Shariah Committee …………………………………………………………………………………... 55 

12.6.1 Roles and Responsibilities of the Shariah Committee Members …………………………………….. 55 

12.6.2 Shariah Committee Members ……………………………………………………………………………. 55 

12.7 Profile of the External Investment Manager ……………………………………………………………. 56 

12.7.1 Duties of The External Investment Manager …………………..……………………………………….. 57 

12.8 Designated Investment Managers of the Funds ……………………………………………………….. 58 

12.9 Conflict of Interest………………………………………………………………………………………….. 59 

12.10 Material Litigation and Arbitration ……………………………………………………………………….. 59 

13 The Trustee of the Funds ……………………………………………………………………………….. 60 

13.1 Profile of AmanahRaya Trustees Berhad (ART)……………………………………………………….. 60 

13.2 Trustee’s Delegate for AMBDA…………………………………………………………………………… 61 

13.3 Trustee’s Responsibility Statement ……………………………………………………………………… 62 

13.4 Material Litigation and Arbitration ……………………………………………………………………….. 62 

13.5 Duties and Obligations of Trustee ……………………………………………………………………….. 62 

13.6 Retirement or Removal or Replacement of the Trustee ………………………………………………. 63 

13.7 Power of the Trustee to Remove or Replace the Manager …………………………………………… 63 

14 Salient Terms of Deed …………………………………………………………………………………... 64 

15 Variations Granted by the SC …………………………………………………………………………. 66 

16 Related Party Transactions/Conflict of Interest ………….………………………………………… 67 

17 Tax Advisor’s Letter ..................................................................................................................... 69 

18 Consents …………………………………………………………………………………………………... 78 

19 Documents Available for Inspection ........................................................................................... 79 

20 Directors’ Declaration …………………………………………………………………………………... 80 

21 List of Offices …………………………………………………………………………………………….. 81 

22 Maybank Distribution Branch ………………………………………………………………………. 82 



Glossary of Terms / Abbreviations 

The following words or abbreviations shall have the following meanings in the current Prospectus unless 

otherwise stated: 

"Act" 

“AMB” or “Manager” 

“AMB Family of Funds” 

“ASNB” 

“AMBDY” 

“AMBDI” 

“AMBDA” 

“Bursa Malaysia" 

“Business Day(s)” 

“Cooling-off Period” 

“Cooling-off Right” 

“Deeds” 

“Distribution Branch” 

“EPF” 

“External Investment Manager” 

“FMUTM” 

“FBM Shariah Index” 

“Forward Pricing” 

“Fund” 

“Funds” 

“Guidelines” 

The Capital Markets and Services Act 2007, including all 

amendments thereto and all regulations, rules and guidelines issued 

in connection therewith. 

Amanah Mutual Berhad (AMB) (195414-U) 

All Funds under the management of the Manager. 

Amanah Saham Nasional Berhad (47457-V), the holding company of 

the Manager. 



AMB Dana Arif 

Bursa Malaysia Securities Berhad (30632-P). 

A day on which Bursa Malaysia Securities Berhad is open for trading 

in Securities. 

The cooling-off period of the Funds is six (6) Business Days, 

commencing from the date of purchase i.e. the date on which the 

Manager receives the application form and the investment amount. 

The right of a qualified Unit Holder to change his mind and cancel an 

investment in the Funds within the Cooling-off Period commencing 

from the date of purchase, without having to incur any sales charge. 

The Deeds including any supplementary Deeds between the 

Manager, the Trustee and the Unit Holders of the Funds. 

Any branch, outlet or any other premises of the IUTA used as 

distribution channels for the purpose of marketing and distribution of 

unit trust. 

Employee Provident Fund. 

Mayban Investment Management Sdn Bhd (421779-M) (MIM) for 

AMBDY, AMBDI and AMBDA. 

Federation of Malaysian Unit Trust Managers. 

FTSE Bursa Malaysia Shariah Index 

The NAV per Unit of the Fund used for the purpose of calculating a 

price is the NAV per Unit as at the next valuation point after an 

application or a request is received. 

Any of the Funds. 

AMBDY, AMBDI and AMBDA 

The Guidelines on Unit Trust Funds and any other relevant 

guidelines on Unit Trust Funds issued by the SC as amended, 

modified or varied by any notes, circular and guidelines issued from 

time to time by the SC. 



“Investment Committee” 

“Investment Management Agreement” 

. 

“IUTA” or “Distributor” 

“KLCI” 

“KLIBOR” 

“LPD” 

The Investment Committee of the Manager primarily responsible for 

formulating, implementing and monitoring the investment 

management strategies of the Funds in accordance with the 

respective investment objectives of the Funds. 

The agreement setting out the terms and conditions upon which the 

External Investment Manager has been appointed. 

Maybank and any other Institutional Unit Trust Agent, which is an 

institution, a corporation or an organisation that is registered with 

FMUTM in accordance with their guidelines. 

Kuala Lumpur Composite Index 

Kuala Lumpur Inter-Bank Offered Rates 

August 18, 2008, being the latest practicable date for the purposes 

of ascertaining the information contained in this Prospectus. 

“Management Expense Ratio” or “MER” The ratio of the sum of the fees and the recovered expenses of the 

Fund to the average value of the Fund calculated on a daily basis, 

i.e.: 

Fees of the Fund recovered expenses of the Fund 

Average value of the Fund calculated on a daily basis 

x 100 

Where: 

Fees = All ongoing fees deducted/deductible directly from 

the Fund in respect of the period covered by the 

management expense ratio expressed as a fixed 

amount calculated on a daily basis. This would 

include the annual management fee, the annual 

Trustee fee and any other fees deducted / 

deductible directly from the Fund; 

Recovered 

expenses 

= All expenses recovered from / charged to the Fund 

as a result of the expenses incurred by the 

operation of the Fund, expressed as a fixed 

amount. This should not include expenses that 

would otherwise be incurred by an individual 

investor (e.g. brokerage, taxes and levies); and 

Average 

value of 

the Fund 

= The NAV of the Fund, including net value income 

less expenses on an accrued basis, in respect of 

the period covered by the management expense 

ratio, calculated on a daily basis 

“MARC” 

“Maybank” 

“MESDAQ” 

“Net Asset Value / NAV of the Fund” 

Malaysian Rating Corporation Berhad (364803V) 

Malayan Banking Berhad (3813-K) 

Malaysian Exchange for Securities Dealings and Automated 

Quotation 

The NAV 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 Trustee fee for the 

relevant day. 



“Net Asset Value / NAV per Unit” 

“PNB” 

“Portfolio Turnover Ratio” or “PTR” 

The NAV of the Fund divided by the number of Units in Circulation, 

at the valuation point. 

Permodalan Nasional Berhad (38218-X), the ultimate company of 

the Manager. 

The ratio of the average sum of the acquisitions and disposals of the 

Fund for the year to the average value of the Fund for the year 

calculated on a daily basis, i.e.: 

[Total acquisitions of the fund for the 

Total disposals of the fund for the 

year 

year] / 2 

Average value of the fund for the year calculated on a daily basis 

“Purchasing of Units” 

“Redeeming of Units” 

“RAM” 

“RM” 

“SC” 

“Shariah Committee Members” 

“Shariah Principles” 

“Trustee” 

“Unit Holder” 

"Units" 

“Units in Circulation” 

The buying Units by Unit Holders in a Fund is calculated at NAV per 

Unit. 

The redeeming Units by Unit Holders in a Fund is calculated at NAV 

per Unit. 

RAM Holdings Berhad (208095-U) 

Ringgit Malaysia 

Securities Commission 

The Committee appointed by the Manager to the Funds. 

Shariah principles are based on Islamic law, originating from the 

Quran as well as practices and explanations rendered by the 

Prophet Muhammad (PBUH) Ijma', Qiyas and ijtihad of ulamak 

(personal reasoning of Islamic jurists). 

AmanahRaya Trustees Berhad (ART) (766894-T) as trustee for 

AMBDY, AMBDI and AMBDA. 

A person or persons registered as holder of a Unit or Units of the 

Fund and whose name appears in the Register of Unit Holders. 

Units of any Fund. 

A Unit of the Fund created and fully paid. 

Definitions or meanings of word or words not otherwise expressed above shall follow the meaning or 

interpretation as ascribed in the Guidelines issued by the SC and any other relevant laws governing 

unit trust funds. 



Corporate Information 

MANAGER 

Amanah Mutual Berhad (195414-U) 

Registered Office 

4 th Floor, Balai PNB 

201-A, Jalan Tun Razak 

50400 Kuala Lumpur 

Telephone : 03-2050 5100 

Facsimile : 03-2163 3477 

Principal Office 

34 th Floor, Menara PNB 



Telephone : 03-2034 0800 

Facsimile : 03-2162 5958 

Email : ambcare@pnb.com.my 

Website : http //www.ambmutual.com.my 

AMB Client Services : 03-2034 0800 

BOARD OF DIRECTORS 

• Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid 

Chairman 

(Non-Executive/Non-Independent Director) 

• Tan Sri Dato’ Hamad Kama Piah bin Che 

Othman 


• Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. 

Noordin 

(Non-Executive/Independent Director) 

• Tan Sri Dato' Md Desa bin Pachi 

(Non-Executive/Independent Director) 

• Encik Idris bin Kechot 


INVESTMENT COMMITTEE MEMBERS 

• Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid 

Chairman 

(Non-Independent member) 

• Tan Sri Dato' Hamad Kama Piah bin Che 

Othman 


SHARIAH COMMITTEE MEMBERS 

• Dato' Dr. Abdul Halim bin Ismail (Chairman) 

• Datuk Dr. Syed Othman bin Syed Hussin Al 

Habshi 

• Prof. Dato' Dr. Abdul Monir bin Yaacob 

• Prof. Dato' Dr. Mahmood Zuhdi bin Hj Ab Majid 

AUDIT COMMITTEE OF PNB 


Noordin 

(Independent member) 



• Datuk Burhanuddin Bin Ahmad Tajuddin 


COMPLIANCE COMMITTEE OF PNB 

• Tan Sri Dato' Hamad Kama Piah bin Che 

Othman 



Noordin 


• Datuk Burhanuddin Bin Ahmad Tajuddin 


• Encik Paisol bin Ahmad 


COMPANY SECRETARY 

Puan Adibah Khairiah binti Ismail @ Daud 

(MIA 13755) 

4th Floor, Balai PNB 




Noordin 






EXTERNAL INVESTMENT MANAGER 

Mayban Investment Management Sdn Bhd 

(421779-M) 

Level 13, MaybanLife Tower 

Dataran Maybank 

No.1, Jalan Maarof 


Telephone : 03-2297 7888 

Facsimile : 03-2297 7880 

TRUSTEE 

Registered and Business Office: 

AmanahRaya Trustees Berhad (766894-T) 

Tingkat 4, Wisma TAS 

No. 21, Jalan Melaka 


Telephone : 03 – 2036 5000 

Facsimile : 03 – 2072 0322 

Website: www.amanahraya.com.my 

AmanahRaya Trustee’s Delegate (for AMBDA) 

Malayan Banking Berhad 

(Custody & Services Department) 

3 rd Floor, Menara Maybank 

100 Jalan Tun Perak 


Telephone : 03-2074 7111 

Facsimile : 03-2032 1572/ 2070 0966 

AmanahRaya Trustee’s Banker (for AMBDY, 

AMBDI and AMBDA) 


Kuala Lumpur Main Office 

100, Jalan Tun Perak 


AUDITOR 

Messrs. Ernst & Young 

Chartered Accountants 

Level 23A, Menara Milenium 

Jalan Damanlela 

Pusat Bandar Damansara 


TAX ADVISORS 

Ernst & Young Tax Consultants Sdn Bhd (for 

AMBDA and AMBDI) 


Jalan Damanlela 



PricewaterhouseCoopers Taxation Services Sdn 

Bhd (for AMBDY) 

11 th Floor, Wisma Sime Darby 

Jalan Raja Laut 


PRINCIPAL BANKER 

Malayan Banking Berhad (3813-K) 

Kuala Lumpur Main Office 

100, Jalan Tun Perak 


SOLICITORS 

Messrs. Othman Hashim & Co (for AMBDY and 

AMBDA) 

Suite 18.04, 18th Floor 

Menara MAA 

No. 12, Jalan Dewan Bahasa 


Messrs. Zainal Abidin & Co. (for all Funds) 

Suite 1803 – 1806, 18th Floor 

Plaza Permata, Jalan Kampar 

Off Jalan Tun Razak 

50400 Kuala Lumpur. 

FEDERATION of MALAYSIAN UNIT TRUST 

MANAGERS 

19-07-3, 7th Floor, 

PNB Damansara, 

19, Lorong Dungun, 

Damansara Heights, 


Telephone: 03-2093 2600 

Facsimile : 03-2093 2700 

Email Address: info@fmutm.com.my 



1 Summary of Key Features of the Funds 

1.1 Fund Information 

This section is only a summary of the salient information about the Fund. Investors should read understand 

the whole Prospectus before making investment decisions. 

Fund 

AMBDY 

AMBDI 

AMBDA 

Trustee 

AmanahRaya Trustees 

Berhad (766894-T) 





External Investment 

Manager 

Mayban Investment 

Management Sdn Bhd 

(421779-M) 



(421779-M) 



(421779-M) 

Launch Date 

Financial 

Year End 

Unit in 

Circulation 

as at LPD 

November 24, 2000 30 April 124,487,100 

September 17, 

2002 

30 November 48,823,300 

April 27, 2004 31 May 120,031,200 

FEATURES AMBDY AMBDI 

Category of Fund Equity Fund Balanced Fund 

Type of Fund Growth Fund Income and Growth Fund 

Objective of the 

Fund 

Investment 

Strategy 

Asset Allocation 

To achieve a steady capital growth over 

the medium to long term period (two years 

to five years) through investments 

permissible under the Shariah Principles. 

(Refer to page 15 for details of investment 

objective of the Fund) 

The Fund investment strategy is to 

enhance the value of the Fund through 

diversification of stocks that complies with 

Shariah Principles within the permitted 

investment parameters. 


strategy of the Fund) 

• Min 40% to max 90% in equities 

• Min 10% in liquid assets 

(Refer to page 18 for details of asset 

allocation of the Fund) 

To attain a mix of regular income stream and 

possible capital growth via investments in 

listed equities, debt instruments and other 

assets that are permissible under the Shariah 

Principles. 


objective of the Fund) 

AMBDI invests in a wide range of assets that 

conforms to Shariah Principles. 


strategy of the Fund) 

• Min 20% to max 70% in equities 

• Min 20% to max 70% in debt instrument 

• Min 10% in cash 

(Refer to page 22 for details of asset 

allocation of the Fund) 

Benchmark FBM Emas Shariah Index. 65% - FBM Emas Shariah Index 

35% - 12-month Mudharabah deposits. 

Principal risks of 

investing in the 

Fund 

The principal risks of investing in the 

Fund are as follows: - 

• Stock/bond market risk 

• Individual stock risk 

• Interest rate risk 

• Liquidity risk 

• Currency risk 

(Refer to page 16 for details of potential 

risk associated with the Fund) 

The principal risks of investing in the Fund 

are as follows: - 

• Stock/bond market risk 

• Individual stock risk 

• Credit / default risk 




(Refer to page 20 for details of potential risk 

associated with the Fund) 



FEATURES AMBDY AMBDI 

Investor Profile 

Distribution Policy 

The Fund is suitable for an investor who: 

• Is looking for investments in a diversified 

portfolio of assets that conform to the 

Shariah Principles. 

• Has a medium to long-term investment 

horizon of two (2) years and above. 

Income (if any) is expected to be 

distributed annually at the Manager’s 

discretion. 

Approved Fund Size 1.2 billion Units 400 million Units 

The Fund is suitable for all investors who are 

seeking a fully managed and balanced 

portfolio of investments that conforms to the 

Shariah Principles and has an investment 

horizon of five (5) years or more. 

Income (if any) is expected to be distributed 

annually at the Manager’s discretion. 

FEATURES 

Category of Fund 

Type of Fund 

Objective of the 

Fund 

Investment Strategy 


Benchmark 

Principal risks of 

investing in the 

Fund 

Bond Fund 

Income Fund 

AMBDA 

To provide a steady appreciation of the net asset value of the Fund with a regular flow of 

income to our investors through investments in debt securities that are permissible under 

Shariah Principles. 

(Refer to page 23 for details of investment objective of the Fund) 

The External Investment Manager will invest in a diversified portfolio of Islamic debt 

securities in order to maximise return within acceptable risk parameters. Diversification is 

to be done across sectors and issuers (to reduce sector and credit risk), and across 

durations (to reduce price risk). Depending on market conditions, the External Investment 

Manager will invest in Islamic debt securities that best meet the Fund objective. As market 

conditions may vary from time to time, the External Investment Manager will make the 

necessary adjustments. 

Preferred investments will be in Islamic debt securities that are undervalued relative to 

their ratings, potential credit rating upgrade candidates, and situational issues with 

potential for improvement in the credit quality. In addition, movements in the yield curve 

may uncover further opportunities. 

(Refer to page 25 for details of investment strategy of the Fund) 

• Min 50% to max 98% in Islamic debt securities 

• Min 2% to max 50% in liquid assets and short-term Islamic money market instruments. 

(Refer to page 25 for details of asset allocation of the Fund) 

12-month profit rate of the Al-Mudharabah General Investment Account of Maybank. 

The principal risks of investing in the Fund are as follows: - 

• Bond market risk 

• Credit/default risk 




(Refer to page 24 for details of potential risk associated with the Fund) 

Investor Profile The Fund is suitable for investors with the following profile: - 

• Prefer a consistent and steady appreciation in value through investments in debt 

instruments permissible under Shariah Principles. 

• Possess an investment horizon in excess of five years. 

Distribution Policy 

Approved Fund Size 

Income (if any) is expected to be distributed annually at the Manager’s discretion. 

1 billion Units 



1.2 Fees and Charges 

This table describes the charges that you may directly incur when you buy or sell Units of the Funds. 

FUNDS 

Maximum Sales Charge 

(% of NAV per Unit) 

Redemption 

Charge 

(% of NAV per Unit) 

AMBDY 7.5% Nil 

AMBDI 7.5% Nil 

AMBDA 2.0% Nil 

Switching Fees 

There is an 

administrative fee 

of RM25 per 

transaction. 

Units switched 

are transacted 

from the Funds’ 

NAV per Unit. 

(Refer to Section 

7.7 on page 40 

for more details). 

Transfer Fees 

An administrative 

fee of RM3 will be 

charged for each 

transaction. 

(Refer to 

Section 7.6 on 

page 40 for 

more details). 

EPF Service 

Charge 

Investors 

investing under 

the EPF 

Member’s 


Scheme will be 

levied a service 

charge of up to 

3% of NAV per 

unit as regulated 

by EPF 

The Manager at its discretion may allow for lower sales charge to specific groups, as deemed fit by the 

Manager under specific circumstances on case to case basis. 

This table describes the fees and expenses that you may indirectly incur when you invest in the Funds. 

FUNDS 

AMBDY 

ANNUAL 

MANAGEMENT FEE 

1.50% per annum of NAV of the Fund (before 

deducting annual management fee and trustee 

fee for the day) calculated on a daily basis. 

(Refer to Section 7.3 on page 40 for more 

details) 

ANNUAL 

TRUSTEE FEE 



fee for the day), subject to a minimum of 

RM18,000 per annum calculated on a daily basis. 

(Refer to Section 7.4 on page 40 for more details) 

AMBDI 1.10% to 1.35% per annum of NAV of the Fund 

(before deducting annual management fee and 

trustee fee for the day) calculated on a daily 

basis. 


details) 

AMBDA Profit sharing scheme of 15:85 of Net 

Investment income of the Fund between the 

Manager and the Unit Holder respectively. 


details) 



fee for the day) subject to a minimum of 

RM18,000 per annum calculated on a daily basis 




fee for the day), subject to a minimum of 

RM18,000 per annum calculated on a daily basis. 


This table describes other expenses that you may indirectly incur when you invest in the Funds. 

Expenses 

Other annual operating expenses 

• the auditor’s fees, tax agent’s fee and other relevant professional fees; 

• the costs of printing & distribution of annual and interim reports, tax 

vouchers and warrants; 

• cost of modification of Deeds other than those for the benefits of the 

Manager and/or Trustee; and 

• other notices to Unit Holders as well as expenses that are directly 

related and necessary for the administration of the Funds as set out in 

the Deed. 

These costs have been factored into the quoted NAV per Unit as they 

are related and necessary to the business of the Funds. 

There are fees and charges involved and investors are advised to consider the fees and charges before 

investing in the Funds. 



1.3 Information on Transactions 

Minimum Initial Investment 

Minimum Subsequent 


Purchasing of Units 

Application for Units must be for a minimum of RM1,000 for AMBDA and RM500 

for AMBDY and AMBDI. 

Subsequent additional investments can be made at a minimum of RM100 for 

AMBDY and AMBDI and RM500 for AMBDA. 

The investment amount payable by the Unit Holders for the purchase of a Unit is 

calculated at NAV per Unit. In addition to the investment amount, a sales charge 

will also be imposed to the Unit Holders. (Refer to Section 8.4, page 42 for more 

details). 

For investors investing under the EPF Member’s Investment Scheme, a service 

charge of up to 3% of NAV per unit is levied as regulated by EPF. 

The NAV per Unit is computed on Forward Pricing basis and published daily in 

major newspapers. The Manager has taken necessary procedures to ensure 

accuracy of information of pricing sent to the Bernama and the respective 

newspapers. However, the Manager would not be held liable for the errors or 

omission of the printed information on the prices of its Funds in the newspapers. 

(Refer to Section 8.5, page 43 for more details) 

Redeeming of Units 

Cooling-off Period 

Cooling-off Right 

Redemption Period 

Minimum Redemption 

Amount 

The redemption amount payable to the Unit Holders for the redemption of a Unit is 

calculated at NAV per Unit. The NAV per Unit is computed on a Forward Pricing 

basis and published daily in major newspapers. (Refer to Section 8.4 page 42 for 

more details) 

Within six (6) Business Days commencing from the date of purchase i.e. the date 

on which the Manager receives the application form and the investment amount. 

This Cooling-off Right, however, is only applicable to qualified Unit Holders. 

(Please refer to Section 8.7 page 42 for details) 

The Cooling-off Right is only given to a qualified Unit Holder who is investing in any 

AMB Family of Funds for the first time. 

The Manager will pay the redemption proceeds to Unit Holders within ten (10) days 

of receipt of the request to redeem. 

There is no minimum redemption amount imposed on a Unit Holder. However, for 

AMBDY and AMBDI, the minimum balance of Units remaining in the account for 

partial redemption must always be 100 Units. As for AMBDA, for partial 

redemption, the minimum balance of Units remaining in the account must always 

be 1,000 Units. (Refer to Section 8.6 page 43 for details). 

Frequency of Redemption 

Redemption Fee 

Switching 

Minimum Holdings to 

Maintain Accounts 

There is no restriction on the frequency of redemption. 

There is no fee applicable on redemption for the Funds. 

(Refer to Section 7.2 page 39 for details on fees and expenses of the Funds) 

This facility enables Unit Holders to convert Units of one Fund to Units of other 

Funds in the AMB Family of Funds with conditions as stipulated in section 7.7. The 

minimum investment that can be switched per transaction is one thousand (1,000) 

Units. An administrative fees of RM25 will be charged per transaction. 

(Refer to Section 7.7 on page 40 & Section 8.12 on page 45 for more details) 

For AMBDY and AMBDI, the minimum balance of Units remaining in the account 

must always be 100 Units and for AMBDA, the minimum balance of Units must 

always be 1,000 Units. 



Transfer of Units 

A Unit Holder may fully or partially transfer his Units in a Fund to another Unit 

Holder. However, for AMBDY and AMBDI, the minimum balance of Units remaining 

in the account must always be one hundred (100) Units. As for AMBDA, for partial 

transfer, the minimum balance of Units remaining in the account must always be 

one thousand (1,000) Units. An administrative fee of RM3 will be charged for each 

transfer. (Refer to Section 8.11 on page 45 for more details) 

Note: 

The Manager will ensure that the prices forwarded to the press for publication are accurate. However, the 

Manager cannot be held liable for any error in prices finally published in the press. Investors may contact any 

Distribution Branch to further confirm the Unit prices. 

1.4 Special Benefit 

Free Takaful Insurance For AMBDY and AMBDI 

Eligible Unit Holders (natural persons) of AMBDY and AMBDI will be given free Group Personal Accident insurance 

coverage. Unit Holders holding a minimum of 2,000 Units and above will automatically be covered under Group 

Personal Accident Takaful. The sum covered would be RM 1,000.00 for every 2,000 Units held subject to a minimum 

investment of 2,000 Units and maximum coverage of RM200,000 per Unit Holder. (Refer to chapter 3 for more details). 

The terms and conditions of the free takaful insurance scheme as administered by the Manager shall apply. Please 

contact the Manager on the terms and conditions of the free takaful insurance. 

1.5 Other Information 

Unit Holders may refer to the following Deeds for more specific information on the Funds, which are available at the 

principal office of the Manager. 

1. Deed in relation to AMBDY dated October 25, 2000 

- First Supplemental Deed in relation to AMBDY dated September 12, 2003 

- Second Supplemental Deed in relation to AMBDY dated May 26, 2005 

- Third Supplemantal Deed in relation to AMBDY dated August 13, 2008 

2. Deed in relation to AMBDA dated March 29, 2004 

- First Supplemental Deed in relation to AMBDA dated May 26, 2005 

- Second Supplemantal Deed in relation AMBDA dated August 13, 2008 

3. Principal Deed in relation to AMBDI dated September 4, 2002 

- First Supplemental Deed in relation to AMBDI dated August 13, 2008 

Prospective Unit Holders should read and understand the contents of this Prospectus and if necessary, 

consult your professional advisor. 

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

For information concerning certain risk factors which should be considered by prospective investors see 

“risk factors” commencing on page 13. 

Past performance of the Funds are not an indication of its future performance. 





2 Risk Factors 

2.1 Risks of Investing in Unit Trusts 

All investments carry some form of risk. It is important to note that when you invest you should be prepared to accept 

a degree of risk, as most investments are affected by ever changing market conditions, some of which impact 

positively and some negatively. Therefore, no matter how experienced a fund manager may be, certain factors, which 

will affect the value of investments, may be beyond their control. So, the value of your investments may go down as 

well as up. One should consider the following when investing in a unit trust fund: - 

Stock or Bond Market Risk 

For a unit trust that has stocks or bonds in its portfolio, fluctuations in the market performance due to factors such as 

fluctuation in interest rates, changes in economic climate, political and social environment that will affect the stock or 

bond market as a whole, will also affect the value of investment either in a positive or negative way. 

Individual Stock Risk 

The performance of a fund that invests in stocks is affected by every individual stock that the said fund has invested in. 

The volatility of prices in each stock will affect the fund’s value daily. 

Compliance Risk 

This is the risk that the manager and others associated with the scheme will not follow the rules set out in the 

scheme’s constitution and internal policies, or the law that governs the scheme, or will act fraudulently or dishonestly. 

However, this risk is greatly reduced via stringent internal controls and constant cross-departmental checking 

employed by the manager. In addition, a yearly or any unscheduled internal audit exercise will be conducted to check 

any compliance matters that might have been inadvertently overlooked by compliance department. The presence of 

the trustee whose duty is to ensure that the fund’s investment mandate is complied with will further add to the 

reduction of such risks. 

Inflation Risk 

Ideally the purpose of any investment is to secure returns that are greater than the inflation rate. While a fund will 

constantly seek to maximise returns and exceed inflation rate, it may occasionally experience losses, which result in 

returns that will not keep pace with inflation in the short run. 

Liquidity Risk 

The various securities that are purchased by a fund may encounter liquidity risk. Liquidity risk relates to the fund’s 

ability to quickly and easily trade, at a reasonable price, in and out of positions. Should a fund comprise a security that 

has become temporarily or permanently illiquid or difficult to sell, the fund manager may need to sell the security at a 

discount to its fair value, which eventually affects the fund’s value. 

Management Risk 

Performance of the fund depends on the experience, expertise, knowledge and investment techniques of the fund 

manager. Poor management of a fund can cause considerable losses to the fund, which in turn may affect the capital 

invested. 

Institutional Risk 

The risk that the institution, which operates the fund, will collapse. 

Returns Not Guaranteed 

As a result of market risks, the manager is unable to guarantee the distribution payout to unit holders or the 

investment returns of the fund. However, the manager will take reasonable steps to ensure that this risk is minimized 

through a prudent investment approach, which is centred on fundamental stocks and market analysis. 

Loan Financing Risk 

Investors who take end-financing loans to purchase units in a unit trust fund must be prepared to accept gearing risks 

as the prices of the units can go down as well as up. The investor may be required to top up the difference in the 

event the unit price goes below the margin of advance. 

Interest Rate Risk 

Fixed income securities and bonds are particularly sensitive to movements in interest rates. When interest rates rise, 

the value of fixed income securities and bond prices fall and vice versa, thus affecting the net asset value of the fund. 

The general interest rate of the country may affect the value of the investment even if the fund (e.g. shariah fund) does 

not invest in interest bearing instruments. 



Credit/Default Risk 

Credit risk refers to the possibility that the issuer of a fixed income security or bond may not be able to make interest 

payments or repay the principal in a timely manner. This will translate to losses that will reduce the value of a fund. 

Currency Risk 

Currency risk is also known as foreign exchange risk. It is risk associated with investments that are denominated in 

foreign currencies. When the foreign currencies fluctuate in an unfavorable movement against Ringgit Malaysia, the 

investments will face currency losses in addition to the capital gains/losses. This willl lead to a lower net asset value 

of the fund. 

Country Risk 

The foreign investments of the Fund may be affected by risks specific to the country, which it invests in. Such risks 

include changes in a country’s economic fundamentals, social and political stability, currency movements and foreign 

policies etc. These may have an adverse impact on the prices of securities of listed companies. 

Force Majeure Risk 

The risk of exposure to force majeure events, where events are not within the control of Manager. This includes 

terrorist attacks, politically instability, natural disasters and spread of disease where risks are generally unforeseen 

and may have direct impact on the business. 

2.2 Control of Risk 

The External Investment Manager will take reasonable steps to ensure that the above potential risks are managed 

by:- 

(a) 

(b) 

actively monitoring the Fund’s asset allocation to ensure minimum impact from any adverse market 

movements. They will ensure that the equities and fixed income securities are carefully selected through site 

visits, fundamental analysis and portfolio diversification. In the case of fixed income securities, the External 

Investment Manager will also focus on the credit quality of the fixed income securities, which must be of good 

investment grade of at least BBB rating or equivalent by RAM, MARC or any other similar rating establishment. 

investing the Fund over a wide range of equities and fixed income securities of different companies which 

provides diversification across a number of sectors and industries, minimising the risk not only of any single 

company’s securities becoming worthless, but also of all holdings suffering uniformly adverse business 

conditions. The External Investment Manager will seek to reduce all these risks associated with the Fund by 

virtue of its experience, the analytical process and by structuring a broadly diversified investment pool. 

Others 

When deemed appropriate and for the benefit of the Fund, the External Investment Manager may take temporary 

defensive positions in dealing with adverse market, economic, political and other conditions, that maybe inconsistent 

with the Fund’s principal strategy . 

Please refer to Chapter 3 : Detailed Information on the Funds for information on fund specific risks and risk 

management. 



3 Detailed Information on the Funds 

3.1 Introduction 

The key distinguishing features of the Funds are shown below in order to assist investors in making an informed 

judgment of the distinctive features of each Fund in relation to their personal investment and financial goals. 


Growth Fund 


Equity Fund 


Investment Philosophy 

AMBDY is an equity fund that offers investors an opportunity to invest in a diversified portfolio of assets managed 

under investment policies that adhere with the Shariah Principles. 

By investing in a diversified portfolio of Shariah compliant shares in Malaysia, AMBDY provides investors with a better 

spread of investments than could be achieved by investors with a small amount of money to invest. 

Investment Objective 

The objective of the Fund is to achieve a steady capital growth over the medium to long-term period (two years to five 

years) through investments permissible under the Shariah Principles. 

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


The approved Fund size for AMBDY is 1.2 billion Units. 


AMBDY is suited to investors who are looking for investments in a diversified portfolio of assets that conforms to the 

Shariah Principles and who have an investment horizon of two (2) years or more. 

Benefits for Investors 

AMBDY has been specially designed with adherence to the Shariah Principles. Through diversification process, the 

risk associated with the investments is spread over the portfolio of stocks and this will bring returns at lower risk to 

investors compared to investing directly in the stock market. Investors can also benefit from the expertise and 

resources of the professional External Investment Manager managing the Fund at an affordable cost. 

Specific Benefits of Investing in AMBDY 

Free Insurance Protection Coverage 

Eligible Unit Holders (natural persons) of AMBDY will be given free Group Personal Accident (GPA) insurance 

coverage. Unit Holders holding a minimum of 2,000 Units will automatically be covered under the GPA insurance 

coverage. The sum covered would be RM 1,000.00 for every 2,000 Units held subject to a minimum investment of 

2,000 Units and maximum coverage of RM200,000 per Unit Holder. 

The GPA insurance coverage covers: 

(i) Death due to accidental causes only; 

(ii) Total Permanent Disability (TPD) due to accidental causes; and 

(iii) Funeral expenses as follows: 

Units 

Funeral Expenses 

2,000 to 49,999 RM 1,000 

50,000 and above RM 2,000 



While the policy is in force, the amount of coverage shall be based on the amount of Units purchased as at the date of 

death or disability. 

Eligible Unit Holders must be aged between 18 and 69 years old. The GPA coverage ceases automatically when you 

attain the age of 70 years old. Eligible principal Unit Holder and joint holders will be covered under the GPA insurance 

coverage but, in the case of joint holdings, the sum covered will be shared equally. 

Strict adherence to the Shariah Principles 

AMBDY has been specially designed with adherence to the Shariah Principles. A panel of Shariah Committee 

Members of the Fund comprises of Islamic scholar's monitors the activities of the Fund. 

Investment Through Diversification 

AMBDY manages and aims to minimise your risks by investing in a diversified range of halal securities. 

Regular Savings Plan 

You have the opportunity to invest on a fixed monthly basis through standing instruction. This plan makes regular 

savings easy and allows you to arrange transfers from your bank account to AMBDY. 

Affordability 

Investors can invest just RM500 as an initial investment and subsequent investments can be made at a minimum of 

RM100. 

Accessibility 

Investors can easily access any Distribution Branch to perform any enquiry or transaction. 

EPF Members Investment Scheme 

The Manager is a unit trust management company under the EPF Members Investment Scheme. You may withdraw a 

portion of your EPF savings to invest in AMBDY, which may provide you the opportunity to reap capital growth, thus 

increasing the value of your EPF Account 1 Retirement Savings subject to rules and regulations of the EPF Members 

Investment Scheme from time to time. 

Potential Risks Associated with AMBDY 


Fluctuations in the market performance due to factors such as fluctuation in interest rates, and changes in economic 

climate, political and social environment that will affect the stock or bond market as a whole, will also affect the value 

of investment either in a positive or negative way. The fluctuations can be significant in the short-term. This is termed 

as market risk. This impact is minimised through the investment process of portfolio diversification by our External 

Investment Manager. 


AMBDY is subject to the volatility of price in the share market. The volatility of prices in each stock will affect the 

Fund's value daily. The performance of individual stocks, which makes up the portfolio, will fluctuate according to 

changes in the market value of the investments. The fluctuations can be significant in the short-term. This accounts for 

the market risk when investing in this Fund. However, this impact is minimised through the investment process of 

portfolio diversification by our External Investment Manager. 


Islamic bonds/debt securities are subject to credit/issuer/default risk, which is the risk that the issuer of the Islamic 

bonds/debt securities becomes unable to service any profit payments or repay the principal amount upon redemption. 

In the event of such a default, investors may suffer losses with respect to their capital invested and income foregone. 

To a lesser extent, perception of the issuer’s ability to repay its debt obligations may impact its credit rating, resulting 

in a credit rating downgrade, which may adversely impact the Islamic bonds/debt securities’ market value. 


Interest rate risk is inherent in investments of a Fund in fixed income securities, especially for bond or fixed income 

Funds. Interest rate fluctuations may be attributed to market risks that affect the level of risk free rate. Prices of bonds 

move inversely with interest rates and would fall in a period of rising interest rates. Investors will suffer capital losses 

when interest rates rise, resulting in a fall in bond prices. Interest rate risk is particularly high for long-term bonds, and 

tends to be lower for short-term bonds. Interest rate risk is a general economic indicator that will impact on the 

management of a Fund regardless of whether it is a Shariah Fund or otherwise. It does not in any way suggest that 

Shariah Funds will invest in fixed income / debt securities, which are not Shariah approved. All the investments for 

Shariah Funds accord with the Shariah Principles, the latter being derived from the sources of Islamic jurisprudence 

namely the Quran, the Sunnah, the Ijma’ and the Qiyas. 




Liquidity risk is related to the Fund's ability to quickly and easily trade, at a reasonable price, into and out of positions. 

Currency Risk 



investments will face currency losses in addition to the capital gains/losses. This will lead to a lower NAV of the Fund. 

Country Risk 


include changes in a country economic fundamentals, social and political stability, currency movements and foreign 


Non-Shariah Compliance Risk 

This is the risk of securities, which were earlier classified as Shariah approved securities being subsequently classified 

non-approved securities by the Shariah Advisory Council of the Securities Commission due to certain reasons, such 

as changes in the companies’ operations. However, this risk is mitigated by regular review of the Fund's compliance 

with the list of securities approved by the Shariah Advisory Council of the SC and also monthly review by the Shariah 

Committee of the Manager of the invested securities. 

Control of Risk 

The External Investment Manager will take reasonable steps to ensure that the above potential risks are managed by: 

a) Actively monitoring the Fund’s asset allocation to ensure minimum impact from any adverse market movements. 

They will ensure that the fixed income securities and equities are carefully selected through site visits, fundamental 

analysis and portfolio diversification. In the case of fixed income securities, The External Investment Manager will 

also focus on the credit quality of the fixed income securities, which must have at least BBB rating or equivalent by 

RAM, MARC or any other similar rating establishment. 

b) Investing the Fund over a wide range of fixed income securities and equities of different companies which provides 

diversification across a number of sectors and industries, minimising the risk not only of any single company’s 

securities becoming worthless, but also of all holdings suffering uniformly adverse business conditions. 

c) Lengthening or shortening the Fund’s average maturity period of the fixed income investments (within the Fund’s 

objective) in anticipation of changing interest rates. 

d) Selecting investments that are bank or government guaranteed or secured against assets to mitigate default risk. 

The External Investment Manager will seek to reduce all these risks associated with the Fund by virtue of its 

experience, the analytical process and by structuring a broadly diversified investment pool. 



defensive positions in dealing with adverse market, economic, political and other conditions, that may be inconsistent 

with the Fund’s principal strategy. 

Investment Policy / Approach 

This is to attain the Fund's objective of achieving steady capital growth through investment in a diversified portfolio of 

equities and debt instruments which conform to the Shariah Principles. The policy/approach undertaken will enable 

the Fund to meet its objective within the investment horizon of medium to long term (two years to five years). 

Investment Strategy / Investment Mechanism 

The investment strategy of AMBDY is to enhance the value of the Fund through diversification of stocks that comply 

with Shariah Principles within the permitted investment parameters. The emphasis is given to companies with 

reasonably good earnings growth prospects in the medium to longer-term horizon, quality management and good 

earnings track records. 

The External Investment Manager will determine the allocation between equity and debt securities to reflect the 

prevailing investment climate. However, the Fund will maintain a minimum of 10% in cash. In a bull market, the 

External Investment Manager may invest more in equity and, in a bearish market; the equity portion may be scaled 

down accordingly. 



The asset allocation between the various instrument assets referred to above and the decision to invest, sell or trade 

are based on the decision of the External Investment Manager. 

Policy and Strategy on Listed and Unlisted Securities 

Equity 

AMBDY will be investing in the equity market. Stocks selection will be based on their good earnings medium to long 

term earnings visibility, good management and corporate governance that comply with Shariah Principles. The 

External Investment Manager may invest up to 10% of the NAV of the Fund in securities that are not traded in or 

under the rules of an eligible market. The investment process of unlisted securities is similar to the process used for 

listed securities. There are no restrictions on the proportions that can be held in fixed income investments. 

Nevertheless, the Fund's fixed income investments shall comprise of short-term government and corporate debt 

securities and money market instruments to longer-dated instruments that conform to the Shariah Principles. 

Fixed Income 

The portfolio shall invest in investment grade debt securities that are deemed to be fundamentally sound. In addition, 

the portfolio also concentrates on securities that have attractive yields and trading opportunities. 

The investment process for unlisted securities is similar to the process used for listed securities. Decisions will be 

made after thorough assessment on companies, using in-house fundamental research supported by external research 

and companies' prospectuses. Investment shall be made in fixed income securities with minimum credit ratings of P2 

or MARC2 for short term papers or A3/A- for long term papers by RAM/MARC. External Investment Manager shall 

undertake to conduct a thorough and rigorous credit assessment of potential investments and constant monitoring of 

current investments. A filtration process is employed for securities selection to ensure superior selection which 

compliments the objective of the portfolio. The filtration process includes debt rating, financial ratio analysis, 

management quality assessment and structure of a particular instrument. 


Minimum 40%, maximum 90% in equities 

Min 10% in liquid assets 

The equity allocation may be reduced to below the minimum levels indicated at the discretion of the Manager only 

during exceptional circumstances. Exceptional circumstances would include situations: 

(i) 

(ii) 

(iii) 

Where there is an expected sharp downturn in the equity market 

When there is insufficient liquidity in equity for the Fund to transact efficiently and/or 

When there is redemption affecting the liquidity position of the Fund 

Benchmark 

The performance of AMBDY will be benchmarked against the FBM Emas Shariah Index, which is obtainable from 

Bursa Malaysia. 





Growth and Income Fund 


Balanced Fund 


AMBDI is an Islamic balanced fund that offers investors an opportunity to invest in a diversified portfolio of assets 

managed under investment policies that adhere with the Shariah Principles. 


To attain a mix of regular income stream and possible capital growth via investments into listed equities, Islamic debt 

instruments and other assets those are permissible under the Shariah Principles. 



The approved Fund size for AMBDI is 400 million Units. 


The Fund is suitable for all investors who are seeking a fully managed and balanced portfolio of investments that 

conforms to the Shariah Principles and has an investment horizon of five (5) years or more. 


AMBDI has been specially designed with adherence to the Shariah Principles. Through a process of diversification, 

the risks associated with the investments are spread over the portfolio of stocks and debt instruments. Investors can 

also benefit from the expertise and resources of our professional External Investment Manager at an affordable cost. 

Specific Benefits of Investing in AMBDI 

Free Insurance Protection Coverage 

Eligible Unit Holders (natural persons) of AMBDI will be given free GPA insurance coverage. Unit Holders holding a 

minimum of 2,000 units and above will automatically be covered under the GPA insurance coverage. The sum 

covered would be RM0.50 for every Unit held subject to a minimum investment of 2,000 Units and maximum coverage 

of RM200,000 per Unit Holder. 

The GPA insurance coverage covers: 

(i) Death due to accidental causes only; 

(ii) TPD due to accidental causes; and 

(iii) Funeral expenses as follows: 

Units 

Funeral Expenses 

2,000 to 49,999 RM 1,000 

50,000 and above RM 2,000 

While the policy is in force, the amount of coverage shall be based on the amount of Units purchased as at the date of 

death or disability. 

Eligible Unit Holders must be aged between 18 and 69 years old. The GPA coverage ceases automatically when you 

attain the age of 70 years old. Eligible principal Unit Holder and joint holders will be covered under the GPA insurance 

coverage but, in the case of joint holdings, the sum covered will be shared equally. 


AMBDI has been specially designed with adherence to the Shariah Principles. A panel of Shariah Committee 



AMBDI manages and aims to minimise your risks by investing in a diversified range of halal securities. 





savings easy and allows you to arrange transfers from your bank account to AMBDI. 

Affordability 

Investors can invest just RM500 as an initial investment and subsequent investments can be made at a minimum of 

RM100. 

Accessibility 




portion of your EPF savings to invest in AMBDI, which may provide you the opportunity to reap capital growth, thus 



Potential Risks Associated with AMBDI 

While attempts are being made to reduce risks encountered by the portfolio, investors should be advised that the 

following risks are inherent in such investments: - 


Fluctuations in the market performance due to factors such as fluctuation in interest rates, and changes in economic 

climate, political and social environment that will affect the stock or bond market as a whole, will also affect the value 

of investment either in a positive or negative way. The fluctuations can be significant in the short-term. This is termed 

as market risk. This impact is minimised through the investment process of portfolio diversification by our External 



AMBDI is subject to the volatility of price in the share market. The volatility of prices in each stock will affect the Fund's 

value daily. The performance of individual stocks, which makes up the portfolio, will fluctuate according to changes in 

the market value of the investments. The fluctuations can be significant in the short-term. This accounts for the market 

risk when investing in this Fund. However, this impact is minimised through the investment process of portfolio 

diversification by our External Investment Manager. 










move inversely with interest rates and would fall in a period of rising interest rates. Investors will suffer capital losses 

when interest rates rise, resulting in a fall in bond prices. Interest rate risk is particularly high for long-term bonds, and 

tends to be lower for short-term bonds. Interest rate risk is a general economic indicator that will impact on the 

management of a Fund regardless of whether it is a Shariah Fund or otherwise. It does not in any way suggest that 

Shariah Funds will invest in fixed income / debt securities, which are not Shariah approved. All the investments for 

Shariah Funds accord with the Shariah Principles, the latter being derived from the sources of Islamic jurisprudence 

namely the Quran, the Sunnah, the Ijma’ and the Qiyas. 

Currency Risk 


foreign currencies. When the foreign currencies fluctuate in an unfavourable movement against Ringgit Malaysia, the 


Country Risk 


include changes in country economic fundamentals, social and political stability, currency movements and foreign 





Liquidity risk is related to the Fund's ability to quickly and easily trade, at a reasonable price, into and out of positions. 


This is the risk of securities which were earlier classified as Shariah approved securities being subsequently classified 

non-approved securities by the Shariah Advisory Council of the Securities Commission due to certain reasons, such 

as changes in the companies’ operations. However, this risk is mitigated by regular review of the Fund's compliance 

with the list of securities approved by the Shariah Advisory Council of the Securities Commission and also monthly 

review by the Shariah Committee of the Manager of the invested securities. 





analysis and portfolio diversification. In the case of fixed income securities, The External investment Manager will 

also focus on the credit quality of the fixed income securities, which must have at least BBB rating or equivalent by 

RAM, MARC or any other similar rating establishment. 










When deemed appropriate and for the benefit of the Fund, the Manager may take temporary defensive positions in 

dealing with adverse market, economic, political and other conditions, that may be inconsistent with the Fund’s 

principal strategy. 

Investment Policy Approach 

This is to create an optimal mix of equities, debt securities and money market instruments which conform to Shariah 

principles. The policy/approach undertaken will enable investors to attain a balanced income derived through 

investment in the above instruments. 


Equities Investment Strategy 

AMBDI will focus on stocks which comply with Shariah Principles. Emphasis is given to companies with reasonably 

good earnings growth prospects in the medium to longer term horizon, quality management and good corporate 

governance. 

Fixed Income Investment Strategy 

Investments in this asset class range from short-term government and corporate debt securities and money market 

instruments to longer-dated government and corporate bonds that conform to the Shariah Principles. Focus will be on 

overall credit quality and potential yield. 

Depending on the prevailing economic scenario, AMBDI aims to optimally balance its investments between potentially 

high return quality investments and lower risk Islamic debt and money market instruments. Specific investments are 

mainly those that offer good potentials for income and growth. The External Investment Manager will change the 

Fund's asset allocation mix depending on the prevailing economic conditions and the market outlook for both equity 

and bond. This strategy aims to reduce risk and achieve consistent returns. 



Investment shall be made in fixed income securities with minimum credit ratings of P2 or MARC2 for short term 

papers or A3/A- for long term papers by RAM/MARC. The External Investment Manager shall undertake to conduct a 

thorough and rigorous credit assessment of potential investments and constant monitoring of current investments. A 

filtration process is employed for securities selection to ensure superior selection which compliments the objective of 

the portfolio. The filtration process includes debt rating, financial ratio analysis, management quality assessment and 

structure of a particular instrument. 


Min 20% to max 70% in equities 

Min 20% to max 70% in debt instruments 

Min 10% in cash 

The equity and fixed income allocation may be reduced to below the minimum levels indicated at the discretion of the 

Manager only during exceptional circumstances. Exceptional circumstances would include situations: 

(i) 

(ii) 

(iii) 

(iv) 

Where there is an expected sharp downturn in the equity market 

When there is high risk of capital loss on fixed income instruments due to interest rate fluctuations 

When there is insufficient liquidity in either equity or fixed income instruments for the Fund to transact efficiently 

and / or 

When there is redemption affecting the liquidity position of the Fund. 

Benchmark 

The performance of AMBDI is measured by comparing the Fund's NAV return against the benchmark. The benchmark 

is defined as: (the average equity exposure x FBM Emas Shariah Index return) + (remaining exposure in other asset 

classes x 12-month Mudharabah deposit rate) which is 65% (return on FBM Emas Shariah Index) + 35% (returns of 

12-month Mudharabah deposits. The FBM Emas Shariah Index and 12-month Mudharabah deposits are obtainable 

from the Bursa Malaysia and commercial banks respectively. 



AMB Dana Arif 


Income Fund 


Bond Fund 


AMBDA is an Islamic income fund, which invests primarily in Islamic debt securities and short-term Islamic money 

market instruments. The Fund was structured to seek a steady stream of income to the investor. 


To provide a steady appreciation of the net asset value of the Fund with a regular flow of income to our investors 

through investments in debt securities that are permissible under Shariah Principles. 



The approved Fund size for AMBDA is 1 billion Units. 


The Fund is suitable for investors with the following profile: - 

• Prefer a consistent and steady appreciation in value through investments in debt instruments that are 

permissible under Shariah Principles. 

• Possess an investment horizon in excess of five years. 


AMBDA is suitable for investors who seek returns from a well-diversified portfolio of debt securities that conform to the 

Shariah Principles. Owing to the assets investible by the Fund, investors may experience reduced volatility when 

compared to equity related Funds and also possible generation of a regular income stream. 

Further to this, AMBDA is an avenue for investors to invest in a well-diversified Islamic debt securities portfolio without 

huge capital outlays. 

Specific Benefits of Investing in AMBDA 


AMBDA has been specially designed with adherence to the Shariah Principles. A panel of Shariah Committee 



AMBDA manages and aims to minimise your risks by investing in a diversified range of halal securities. 



savings easy and allows you to arrange transfers from your bank account to AMBDA. 

Affordability 

Investors can invest just RM 1,000 as an initial investment and subsequent investments can be made at a minimum of 

RM500. 

Accessibility 




portion of your EPF savings to invest in AMBDA, which may provide you the opportunity to reap capital growth, thus 





Potential Risks Associated with AMBDA 

While attempts are being made to reduce risks encountered by the portfolio, investors should be advised that the 

following risks are inherent in such investments: - 

Bond Market Risk 

This is the risk that affects the entire market as a whole. It is possible that, at times, the entire market may decline, 

and no matter how well diversified the portfolio is, the value of the portfolio will decline as well. 

Credit Issuer/Default Risk 









move inversely with interest rates and would fall in a period of rising interest rates. 

Investors will suffer capital losses when interest rates rise, resulting in a fall in bond prices. Interest rate risk is 

particularly high for long-term bonds, and tends to be lower for short-term bonds. Interest rate risk is a general 

economic indicator that will impact on the management of a Fund regardless of whether it is a Shariah Fund or 

otherwise. It does not in any way suggest that Shariah Funds will invest in fixed income/debt securities which are not 

Shariah approved. All the investments for Shariah Funds accord with the Shariah Principles, the latter being derived 

from the sources of Islamic jurisprudence namely the Quran, the Sunnah, the Ijma’ and the Qiyas. 


This is the ability to divest Islamic bonds / debt securities in the open market at the desired price levels. This is not 

applicable if Islamic bonds / debt securities are held till maturity. 

Currency Risk 




Country Risk 


include changes in a country economic fundamentals, social and political stability, currency movements and foreign 



This is the risk of securities which were earlier classified as Shariah approved securities being subsequently classified 

non-approved securities by the Shariah Advisory Council of the SC due to certain reasons, such as changes in the 

companies’ operations. However, this risk is mitigated by regular review of the Fund's compliance with the list of 

securities approved by the Shariah Advisory Council of the SC and also monthly review by the Shariah Committee of 

the Manager of the invested securities. 





analysis and portfolio diversification. In the case of fixed income securities, The External Investment Manager will 

also focus on the credit quality of the fixed income securities, which have at least BBB rating or equivalent by RAM, 

MARC or any other similar rating establishment. 













defensive positions in dealing with adverse market, economic, political and other conditions, that may be inconsistent 

with the Fund’s principal strategy. 


AMBDA is an income-oriented Fund, which invests primarily in a portfolio of Islamic debt securities. It is structured to 

earn income on a regular basis and to achieve capital appreciation through fluctuations in market yields of Islamic 

debt securities. The Unit price will change to reflect movements in the value of the Fund's assets. 

Investment Policy/Approach 

The Fund invests in Islamic debt securities and money market instruments to meet its objectives of providing a steady 

stream of profit income and potential long-term capital gains. Its debt securities investments consist of government 

bonds, private debt securities, which are rated A3/A- or better by RAM and MARC, and money market instruments, 

which will ensure a regular income yield to AMBDA. 


Islamic Debt Securities 

The External Investment Manager will invest in a diversified portfolio of Islamic debt securities in order to maximise 

return within acceptable risk parameters. Diversification is to be done across sectors and issuers (to reduce sector 

and credit risk), and across duration (to reduce price risk). Depending on market conditions, the External Investment 

Manager will invest in securities that best meet the investment objectives. As market conditions may vary from time to 

time, the External Investment Manager will make the necessary adjustments. 

Preferred investments will be in securities that are undervalued relative to their ratings, potential credit rating upgrade 

candidates, and situational issues with potential for improvement in the credit quality. In addition, movements in the 

yield curve may uncover further opportunities. 

Policy on Listed and Unlisted Securities 

AMBDA is to concentrate on investing in quality listed/unlisted debt securities, which provide good yields, for the 

medium to long-term period. The portfolio aimed at preserving the principle investment whilst achieving returns better 

than the prevailing fixed deposit rates on annualised basis, at an acceptable level of risk. The portfolio shall invest in 

investment grade debt securities that are deemed to be fundamentally sound. In addition, the portfolio also 

concentrates on securities that have attractive yields and trading opportunities. 

The investment process for unlisted securities is similar to the process used for listed securities. Decisions will be 

made after thorough assessment on companies, using in-house fundamental research supported by external research 

and companies' prospectuses. Investment shall be made in fixed income securities with minimum credit ratings of P2 

or MARC2 for short term papers or A3/A- for long term papers by RAM/MARC. The External Investment Manager 

shall undertake to conduct a thorough and rigorous credit assessment of potential investments and constant 

monitoring of current investments. A filtration process is employed for securities selection to ensure superior selection 

which compliments the objective of the portfolio. The filtration process includes debt rating, financial ratio analysis, 

management quality assessment and structure of a particular instrument. 


Min 50% max 98% in Islamic debt securities 

Min 2% max 50% in liquid assets and short-term Islamic money market instruments. 

The allocation may be reduced to below the minimum levels indicated at the discretion of the Manager only during 

exceptional circumstances. Exceptional circumstances would include situations: 

(i) 

(ii) 

(iii) 

When there is high risk of capital loss on debt instruments due to interest rate fluctuations 

When there is insufficient liquidity in debt instruments for the Fund to transact efficiently and/or 

When there is redemption affecting the liquidity position of the Fund. 



Benchmark 

The performance of AMBDA will be benchmarked against the 12-month profit rate of the Al-Mudharabah General 

Investment Account of Maybank, which is obtainable at any Distribution Branch nationwide. 

3.2 Permitted Investments of the Funds 

AMBDY 

AMBDI 

AMBDA 

Securities of companies listed on the Bursa Malaysia or any other market considered as an eligible 

market. 

Securities that are not traded in or under the rules of an eligible market may include securities not 

listed or quoted on a stock exchange but have been approved by the relevant regulatory authority 

for such listing or quotation and are offered directly to the Fund by the issuer. 

Securities in foreign markets where the SC has approved the foreign markets for investment and 

the investment amount has been approved by Bank Negara Malaysia respectively. 

Unlisted securities that have been approved by the SC for listing and quotation on the Bursa 

Malaysia. 

 

 

 

 

Government investment certificates. 

Government Investment Certificates and Cagamas bonds carrying at least BBB rating by RAM, 

and/or MARC. 

 

Mudharabah Investment, Islamic bonds and other money market instruments with local commercial 

banks, finance companies and investment banks. 

Unlisted securities that have been approved by the SC for listing and quotation on the Bursa 

Malaysia (including MESDAQ), which are offered directly by the company approved for listing, by 

way of private placement or on a tender basis. 

Units or shares of collective investment schemes provided they are relevant and consistent with the 

objective of the Fund. 

Islamic futures contracts traded in a futures market of an exchange company approved, or an 

exempt futures market declared, by the Minister under the Act and securities lending subject to the 

provision in the Guidelines. Participation of the Fund in futures contracts must be for hedging 

purposes only. 

Islamic PDS generally in the form of Islamic Corporate Bonds or Islamic Commercial Papers issued 

by privately held companies or public listed corporations that are traded in eligible/money markets. 

The minimum permissible credit rating for Private Debt Securities Investments is A3 or A-. 

 

Any other kinds of investment as approved by the SC from time to time. 

 

 

 

 

Note: 

The investments or investment powers set out above must comply with the Shariah Advisory Council of the SC and 

the Shariah Committee of the Manager. 

As for AMBDY and AMBDI, the Funds have no intention to invest in securities listed on a foreign stock exchange at 

the moment. 

As for AMBDA, the Fund has no intention to invest in futures market at the moment. 



3.2.1 Investments in Warrants and Options 

All Funds except for AMBITF may invest in warrants and options, including eligible exchange-traded options. Such 

investments must: 

• carry the right in respect of a security listed/instruments traded on an eligible market; 

• be transferable; 

• have a ready price or value; 

• be traded in or under the rules of an eligible market; and 

• have adequate proof of title of ownership to allow proper custodial arrangements to be made. 

The Fund is not allowed to write options. 

3.3 Investment Restrictions 

The Funds of AMB are also subject to the following restrictions imposed by the Deed and / or the Guidelines: 

Investment Exposure Limits 

Unlisted Securities 

The value of a Fund’s investments in unlisted securities must not exceed 10% of the Fund’s NAV. 

Investment Spread Limits 

Ordinary Shares 

The value of a Fund’s investments in ordinary shares issued by any single issuer must not exceed 10% of the Fund’s 

NAV. 

Transferable Securities and Money Market Instruments 

The value of a Fund’s investments in transferable securities and money market instruments issued by any single 

issuer must not exceed 15% of the Fund’s NAV. 

Placement of Deposits 

The value of a Fund’s placement in deposits with any single institution must not exceed 20% of the Fund’s NAV. 

Derivatives 

For investments in derivatives– 

a) the exposure to the underlying assets must not exceed the investments spread limits stipulated in this 

schedule; and 

b) the value of a Fund’s over-the-counter (OTC) derivative transaction with any single counter-party must not 

exceed 10% of the Fund’s NAV. 

Structured Products 

The value of a Fund’s investments in structured products issued by a single counter-party must not exceed 15% of the 

Fund’s NAV. 

Aggregate Value of a Fund’s Investments 

The aggregate value of a Fund’s investments in transferable securities, money market instruments, deposits, OTC 

derivatives and structured products issued by or placed with any single issuer/institution must not exceed 25% of the 

Fund’s NAV. 

Collective Investment Scheme 

The value of a Fund’s investments in units/shares of any collective investment scheme must not exceed 20% of the 

Fund’s NAV. 

Debentures (Applicable to Bond Fund) 

The value of a bond/ fixed income Fund’s investments in debentures issued by any single issuer must not exceed 

20% of the Fund’s NAV. 



Spread: Group of Companies 

Group of Companies 

The value of a Fund’s investments in transferable securities and money market instruments issued by any group of 

companies must not exceed 20% of the Fund’s NAV. 

Group of Companies (Applicable to Bond Fund) 

The value of a bond/fixed income Fund’s investments in debentures issued by any one group of companies must not 

exceed 30% of the Fund’s NAV. 

Investment Concentration Limits 

Investment Concentration Limits for Transferable Securities (other than debentures) 

A Fund’s investments in transferable securities (other than debentures) must not exceed 10% of the securities issued 

by any single issuer. 

Investment Concentration Limits for Debentures 

A Fund’s investments in debentures must not exceed 20% of the debentures issued by any single issuer. 

Investment Concentration Limits for Money Market Instruments 

A Fund’s investments in money market instruments must not exceed 10% of the instruments issued by any single 

issuer. 

Investment Concentration Limits for Collective Investment Schemes 

The Fund’s investments in collective investment schemes must not exceed 25% of the units/shares in any one 

collective investment schemes. 

3.4 Exception and Exclusion Applicable to the Funds 

The holding of an investment and/or other instrument by the Funds (whether by way of redemption, exchange, 

conversion, rights, bonus, capital reorganisation or other forms of entitlement) may exclude any entitlement accruing 

on the investment and/or instrument held. Notwithstanding, the entitlement should not be exercised if the exercise 

results in the breach of any limit or restriction. 

The limit and restrictions above do not apply to the Funds’ holding in securities that are issued by or guaranteed by 

the Malaysian Government or Bank Negara Malaysia. 

The single issuer limit for debentures may be increased to 30% if the debentures are rated by any domestic or global 

rating agency to be of the best quality and offer highest safety for timely payment of interest and principal. 

For a Fund whose principal objective is to track or replicate an index, the single issuer limit in ordinary shares of 10% 

of the Fund’s NAV and the single group limit of 20% of the Fund’s NAV maybe exceeded provided that the investment 

in any component securities does not exceed its respective weightings in the underlying index. 

The investments restrictions and limits must be complied with at all times based on the most up-to-date value of the 

Fund and value of its investments and instruments. 

However, a 5% allowance in excess of any limit or restriction may be permitted where the limit or restriction is 

breached through an appreciation or depreciation of the NAV of the Funds (whether as a result of an appreciation or 

depreciation in value of the investments or as a result of repurchase of Units or payment made from the Funds). 

The Manager should not make any further acquisitions where the relevant limit is breached, and the Manager should 

within a reasonable period of not more than three months from the date of the breach take all necessary steps and 

actions to rectify the breach. 



4 Investment Process of the Funds 

4.1 Investment Philosophy of the Funds 


The External Investment Manager adopts a combined top-down and bottom-up approach to investing. This ensures 

that the allocation of Funds are skewed to the financial asset class which is expected to give greater returns in a 

particular investment environment. For example, in a rising fixed income rates scenario, equities usually do not 

perform well and, therefore, exposure to this asset class is reduced. In contrast, when fixed income rates are declining, 

exposure to equity is increased to maximise returns. 

Primary research supported by secondary research is extensively used in making investment decisions. The outlook 

of the economy determines how much exposure is given to each sector of the economy. Stocks for each sector are 

selected based on investment criteria such as Price Earning to Growth ratio (PEG) ratio, management quality, 

profitability, growth prospects, financial strength and dividend yield. Bonds for each sector are selected based on 

investment criteria such as yield to maturity bond duration, credit quality, profitability, growth prospects, financial 

strength and structure of the bond. Technical analysis is also used but only as a guide to time the entry into and exit 

from the investments. This is because sentiment plays a role in determining the market direction regardless of the fair 

valuation of the market. 

Global Economic Outlook 

Regional Economic Outlook 

Malaysian Economy Analysis 

Sector Allocation 

Securities Selection 



4.2 Investment Process of the Funds 


Committee 

Function 

Shariah Committee 

- Advise and interpret issues of Islamic 

nature 

- Set investment guidelines in compliance 

with Shariah Principles 

- Monitor the Fund’s activity to ensure 

adherence to the above guidelines. 

Investment Committee 

- Review investment policies and 

investment portfolio 

- Ensure objectives and guidelines are met 

External Investment 

Manager 

- Review guidelines for asset allocation 

and portfolio strategy 

- Review market outlook, set asset 

allocation strategy, portfolio construction 

and stock as well as bond selection 

Investment Research 

Team 

- Research and make 

investment 

recommendations 

Designated External 


Manager 

. 

- Ensure that the 

investment policy and 

strategy of the Fund is 

adhered to. 

Dealing 

- Execute investment 

transactions as 

recommended by the 

designated External 


The Investment process in the management of a unit trust portfolio involves the following: - 

(1) Setting up of investment objective; 

(2) Establishing an investment policy; 

(3) Selecting an investment strategy; 

(4) Asset allocation; 

(5) Stock and bond selection; and 

(6) Measuring and evaluating performance. 

The investment portfolio of the Funds comprises securities which have been classified as Shariah compliant 

by the Shariah Advisory Council (SAC) of the SC. 



4.3 Bases of Valuation of Investments 


The Funds shall adopt the following bases of valuation of investments prescribed in the Deed and the Guidelines. 

a) Listed equities and listed fixed income securities will be valued based on the last done market price of the 

respective exchanges. 

b) Listed shares which have been suspended for more than 14 days will be valued at fair value, as determined in 

good faith by the Manager, based on the methods or bases which have been verified by the auditor of the Funds 

and approved by the Trustees. 

c) Unlisted fixed income securities are stated at the indicative market value quoted by a Bond Pricing Agency 

(“BPA") registered with the SC. The difference between the indicative market value and the cost on statement of 

assets and liabilities date is treated as unrealised gain or loss and is transferred to the investment fluctuation 

reserve. Where there are no prices quoted by the BPA, or when the Manager or the Trustee is of the opinion that 

the prices quoted by the BPA is not reflective of the fair value of the investment, the Manager and the Trustee 

will determine the fair value in good faith based on all information made available to the Manager and the 

Trustee for the purpose of determining fair value. 

d) Investments such as bank bills and deposits placed with banks or other financial institutions are valued each day 

by reference of the nominal value and the accrued interest thereon for the relevant period. 

e) Units in other collective investment schemes will be valued based on the last published net asset value per Unit. 

f) Investments in futures contracts will be “marked to market” at the end of each trading day. 

The External Investment Manager calculates the value of investment of the Funds at the end of each Business Day. 

4.4 Policy on Gearing and Liquid Assets 

There shall be at all times a level of liquid assets in the Funds to pay for the redeeming of Units of the Funds. The 

Funds are not permitted to borrow cash or other assets (including the borrowing of securities within the meaning of the 

SC Guidelines on Securities Borrowing and Lending) in connection with its activities. Except for securities lending 

provided by the Guidelines, none of the cash or investments of the Funds may be lent. Further, the Funds may not 

assume, guarantee, endorse or otherwise become directly or contingently liable for or in connection with any 

obligation or indebtedness of any person. 



5 Performance of The Funds 


Average Total Return of AMBDY for the Financial Year Ended April 30, 2008 

1- Year 3- Year 5- Year Since Launch 

AMBDY (%) (7.58) 9.46 9.45 (2.15) 

Benchmark 

(%) 

(3.09) 15.55 14.74 6.79 

Annual Total Return for the Financial Years Ended April 30, 

2008 2007 2006 2005 2004 2003 2002 

AMBDY (%) (7.58) 37.76 3.00 (5.69) 27.01 (61.68) 44.47 

Benchmark 

(%) 

1-Year Fund Performance Review 

(3.09) 49.31 6.61 (1.79) 31.29 (7.99) 31.83 

AMBDY achieved a negative return of -7.58% for the financial year ended April 30, 2008 in comparison to the 

benchmark negative return of -3.09% over the same period. (The benchmark is based on the FBM Shariah Index). 

The underperformance was due to the fact that the Fund was moderately invested in plantations sector which have 

dragged the Fund’s NAV down. In addition, several key blue chips which the Fund is heavily invested in have also 

underperformed the benchmark. 

Distribution 

Distribution by reinvestment. 

Asset Allocation as at April 30, 2008 

The decrease in equities was due to the disposal of stocks, which is to keep the equity level between 70 % - 80%, and 

this is in line with AMBDY neutral view on the medium term outlook and the increase in the Islamic fixed income and 

mudharabah deposit was due to the extra liquidity in the sales of equities. 

Portfolio Turnover Ratio (PTR) 

2008 2007 2006 

Gross Distribution per Unit (sen) Nil 2.50 2.80 

Net of tax Distribution per Unit (sen) Nil 2.02 2.54 

2008 2007 2006 

Equities 77.63% 85.49% 76.00 

Islamic Fixed Income 7.43% 4.51% 2.32 

Mudharabah Deposit 14.94% 10.00% 21.68 

2008 2007 2006 

PTR (time) 0.98 0.67 0.47 

The Fund has experienced higher PTR over the years due to higher trading activities undertaken by the Fund. This 

Fund is undergoing restructuring which predominantly include disposing of the non-performing stocks and replacing 

them with good, blue chips and fundamentally sound stocks. 




Average Total Return of AMBDI for the Financial Year Ended November 30, 2007 

1- Year 3- Year 5- Year Since Launch 

AMBDI (%) 15.77 4.67 6.55 6.03 

Benchmark (%) 25.47 12.19 12.23 11.82 

Annual Total Return for the Financial Years Ended November 30, 

2007 2006 2005 2004 2003 

AMBDI (%) 15.77 8.96 (9.08) 0.65 18.95 

Benchmark (%) 25.47 18.32 (4.88) 8.06 16.66 


AMBDI achieved a return of 15.77% for the financial year ended November 30, 2007 in comparison to the 

benchmark’s return of 25.47% over the same period. (The benchmark is based on the 65% of FBM Shariah Index and 

35% of 12-month Mudharabah deposits). The underperformance was due to negative sentiment surrounding the 

market. 

Distribution 

2007 2006 2005 

Gross Distribution per Unit (sen) Nil Nil 2.50 

Net of tax Distribution per Unit (sen) Nil Nil 2.27 


Asset Allocation as at November 30, 

2007 2006 2005 

Equities 47.83% 56.09% 61.38% 

Bonds 27.03% 22.49% 24.74% 

Liquid Assets 25.14% 21.42% 13.88% 

The decrease in equities was due to the disposal of stocks and kept its equity strategy of investing in companies that 

conform to shariah principals and the increase in bonds and other liquid assets was due to the extra liquidity in the 

sales of equities. 


2007 2006 2005 

PTR (time) 0.88 0.36 0.40 

The Fund has experienced higher PTR over the years due to higher trading activities undertaken by the Fund. This 

Fund is undergoing restructuring which predominantly include disposing of the non-performing stocks and replacing 

them with good, blue chips and fundamentally sound stocks. 



AMB Dana Arif 

Average Total Return of AMBDA for the Financial Year Ended May 31, 2008 

1- Year 3- Year Since Launch 

AMBDA (%) (11.47) (1.51) 0.71 

Benchmark (%) 3.39 3.56 3.49 

Annual Total Return for the Financial Years Ended May 31, 

2008 2007 2006 2005 

AMBDA (%) (11.47) 4.98 2.79 7.56 

Benchmark (%) 3.39 3.96 3.33 3.28 


AMBDA achieved a negative return of -11.47% for the financial year ended May 31, 2008 in comparison to the 

benchmark’s return of 3.39% over the same period. (The benchmark is based on 12-month profit rate of the Al- 

Mudharabah General Investment Account of Maybank). The underperformance was attributable to a series of 

bonds downgrade on fixed income portion, which to some extent affected the overall performance of AMBDA’s 

Net Asset Value. 

Distribution 

2008 2007 2006 

Gross Distribution per Unit (sen) Nil 1.00 2.50 

Net of tax Distribution per Unit (sen) Nil 1.00 2.50 


Asset Allocation as at May 31, 

2008 2007 2006 

Islamic Fixed Income 92.16% 85.82% 95.81% 

Mudharabah Deposit 7.84% 14.18% 4.19% 

The decrease in Islamic Fixed Income Securities and increase in Islamic money market products was due to 

managing the liquidity to meet redemptions. Any excess cash will be invested in short term Islamic commercial 

papers and good quality fixed income securities. 


2008 2007 2006 

PTR (time) 0.33 0.67 0.77 

The PTR is lower in 2008 due to lower trading transactions as a result of net redemptions. 



Note: 

1. The average total return of all the Funds above are based on the following calculation; 

Annualised return (%) = [{(1+ r 1) (1+r 2)……………(1+r n) 1/n } - 1] x 100 

Where r = rate of return 

n = number of years 

2. The total return of all the Funds above are based on the following calculation; 

Capital return (%) = 

NAV per unit on ex date 

NAV per unit 

Income return (%) = 

Dividend 

NAV per unit on ex - date 

(1 Capital Return) 

Total Return (%) = { X 

100 

(1 Income Return) 

100 

-1} x 100 

Past performance of the fund is not an indication of its future performance. 



6 Historical Financial Highlights 

of the Funds 

6.1 EXTRACTS OF THE FINANCIAL STATEMENTS OF THE FUNDS 

Following are the extracts of the audited financial statements of the funds for the last three financial years, 

immediately preceding the date of the prospectus: 

6.1.1 AMBDY 

Extract of Statement of Income and Expenditure for the Financial Year Ended April 30 

2008 

RM’000 

2007 

RM’000 

2006 

RM’000 

Total Investment income 3,015,225 13,801,721 18,890,378 

Total Expenses 1,425,385 2,761,115 4,022,355 

Net Income/(Loss) Before Tax 1,589,840 11,040,606 14,868,023 

Net Income/(Loss) After Tax 961,086 9,995,055 13,507,132 

Extract of Statement of Assets and Liabilities as At April 30 

2008 

RM’000 

2007 

RM’000 

2006 

RM’000 

Total Investments 66,740,981 114,133,979 222,251,744 

Total Other Assets 740,687 5,958,418 8,073,930 

Total Assets 67,481,668 120,092,397 230,325,674 

Total Liabilities 237,333 9,587,722 19,797,948 

Unit holders Capital 67,244,335 110,504,675 210,527,726 

Net Asset Value 67,244,335 110,504,675 210,527,726 



6.1.2 AMBDI 

Extract of Statement of Income and Expenditure for the Financial Year Ended November 30 

2007 

RM’000 

2006 

RM’000 

2005 

RM’000 

Total Investment income 4,708,148 (1,039,834) 6,496,795 

Total Expenses 850,052 4,051,665 3,659,376 

Net Income/(Loss) Before Tax 3,858,096 (5,091,499) 2,837,419 

Net Income/(Loss) After Tax 3,684,701 (5,431,722) 2,464,387 

Extract of Statement of Assets and Liabilities as At November 30 

2007 

RM’000 

2006 

RM’000 

2005 

RM’000 


Total Other Assets 458,080 1,181,125 708,316 

Total Assets 30,409,914 54,025,548 71,742,032 

Total Liabilities 317,449 524,878 4,783,967 



6.1.3 AMBDA 

Extract of Statement of Income and Expenditure for the Financial Year Ended May 31 

2008 

RM’000 

2007 

RM’000 

2006 

RM’000 

Total Investment income 4,874,781 10,800,344 22,387,812 

Total Expenses 12,694,597 6,813,111 3,728,646 

Net Income/(Loss) Before Tax (7,819,816) 3,987,233 18,659,166 

Net Income/(Loss) After Tax (7,819,816) 3,987,233 18,659,166 

Extract of Statement of Assets and Liabilities as At May 31 

2008 

RM’000 

2007 

RM’000 

2006 

RM’000 


Total Other Assets 667,586 1,576,579 3,898,021 

Total Assets 60,168,787 135,376,256 366,495,199 

Total Liabilities 259,833 7,065,611 36,569,659 





6.2 Total Annual Expenses Incurred by the Funds in the last Financial Year 

Following are the total annual expenses incurred by the funds in the preceding financial year: 

Fund Name Management Fee Trustee Fee Other Expenses 

Total Annual 

Expenses 

RM %* RM %* RM %* RM %* 

AMBDY 

(30 April 2008) 

1,286,015 1.51 68,587 0.08 70,783 0.08 1,425,385 1.67 

AMBDI 

(30 November 2007) 

517,097 1.89 32,127 0.08 47,239 0.12 596,463 1.49 

AMBDA 

(31 May 2008) 

601,395 0.75 60,078 0.08 58,873 0.07 720,346 0.90 

*The percentage is reflected as a percentage of average NAV. 

The audited financial statements of the Fund are disclosed in the Fund’s annual report and the annual report is 

available upon request. 

The Management Expense Ratio (MER) of the Funds for the past three (3) financial years is as shown below:- 

Funds 

(MER) 

2008 2007 2006 

AMBDY 1.67 1.63 1.61 

AMBDA 0.90 1.63 0.91 


(MER) 

2007 2006 2005 

AMBDI 1.49 1.46 1.44 

Past performance of the fund is not an indication of its future performance. 

The Fund’s annual report is available upon request. 



7 Understanding Fees and Expenses 

7.1 Sales Charge 

Unit Holders has to pay a sales charge upon purchasing of Units in addition to the investment amount. The sales 

charge is as follows: 


Maximum Sales Charge 

(percentage of NAV per Unit) 

AMBDY 7.5% 

AMBDI 7.5% 

AMBDA 2.0% 

The Manager at its discretion may allow for lower sales charge to specific groups, as deemed fit by the Manager 

under specific circumstances on a case to case basis. 

Investors investing under the EPF Members Investment Scheme will be levied a service charge of up to 3% of 

NAV per Unit, as regulated by EPF. 

The illustration on the calculation of the sales change is as follows; 

The sales charge is applicable to all Funds. 

1. Transaction date LPD 

2. AMBDY Unit Holder investment RM10,000 

3. Sales Charge 6.5% 

4. NAV per Unit RM0.5000 

Sales Charge per Unit = NAV per Unit x sales charge (%) 

= RM0.5000 x 6.5% 

= RM0.0325000 

7.2 Redemption Fee 

The Manager does not impose a redemption charge on the redemption of Units by the Unit Holders. Units are 

redeemed by the Manager at NAV per Unit. 

The redemption fee shall be reimbursed to the Fund. This is to cover part of the transaction cost that may have 

been incurred in disposing of instruments from the portfolio in order to fulfill redemption requests. Rounding 

adjustments shall be consistently applied and shall be carried out only after the redemption fee. 

The illustration on the calculation of the redemption fee is as follows: 

1. Transaction date LPD 

2. AMBUTF Unit Holder redemption Units 10,000 Units 

3. Redemption fee Nil 

Redemption fee per Unit = NAV per Unit x redemption fee (%) 

= RM0.5000 x 0% 

= Nil 



7.3 Management Fee 

AMBDY 

The Manager is entitled to a management fee of 1.5% per annum of the Net Asset Value of the Fund, (before 

deducting the annual management fee and Trustee fee for the day), calculated and accrued on a daily basis and 

payable monthly in arrears. 

AMBDI 

The Manager is entitled to a management fee as follows, (before deducting the annual management fee and 

trustee fee for the day), calculated and accrued on a daily basis and payable monthly in arrears. The Deed 

provide in such a way that fees will be levied in accordance with the potential returns generated from the assets 

invested. Bonds when compared to shares have the tendency to generate lower returns. 

Asset Classes Annual Management Fee (Yield) 

Money markets and Bonds 1.0% 

Shares 1.5% 

AMBDA 

The Manager will be remunerated under a profit sharing scheme with the investors of the Fund in the ratio of 

15:85 of Net Investment Income of the Fund. Net investment income is defined as the income of the Fund less 

Trustee fee and all permitted or allowable expenses under the Deed. 

The computation of total investment income would be based on realised income, which would include realised 

gains on sales of investments, share of apportionment of profit on Mudharabah deposits and accrual of the 

accreted profit rates on bonds (or coupons). 

If the daily net investment income for any valuation day is zero or negative, or while the NAV of a Unit is less 

than the Minimum Value, the Manager shall not be entitled to any management fee for that day. Daily net 

investment income is defined as the diference between the total net investment income as at the valuation day 

and the total net investment income as at the previous valuation day. Minimum Value is taken to mean that the 

Net Asset Value of a Unit shall not be less than RM0.4950. If there is any decrease in the net asset value as a 

result of the distribution or sub division of Unit, then the Minimum Value shall be adjusted accordingly. 

7.4 Trustee Fee 

For AMBDY and AMBDI, the Trustee is entitled to a fee of 0.08% per annum of the NAV of each of the Funds, 

(before deducting annual management fee and trustee fee for the day), subject to a minimum of RM 18,000 per 

annum calculated on a daily basis. 

As for AMBDA, the Trustee is entitled to a fee at a rate of 0.07% per annum of the NAV of the Fund, (before 

deducting annual management fee and trustee fee for the day), subject to a minimum fee of RM18,000 per 

annum of the Fund. The Trustee fee is calculated and accrued on a daily basis and payable monthly in arrears. 

7.5 Fund's Expenses 

The management fees, Trustee’s fees, the auditor’s fees and other relevant professional fees, the costs of 

distribution of annual reports, tax vouchers, distribution warrants, cost of modification of Deeds and other notices 

to Unit Holders as well as expenses that are directly related and necessary for the administration of the Funds as 

set out in the Deed shall be paid out of the Funds. These costs are already factored into any quoted unit price. 

7.6 Transfer of Units 

An administrative fee of RM3 is charged per transaction. 

7.7 Switching 

This facility enables Unit Holders to convert Units of one Fund to Units of other unit trust funds within AMB 

Family of Funds. There is an administrative fee of RM25 per transaction. Units switched are transacted at the 

Funds' NAV. The minimum investment that can be switched per transaction is 1,000 Units. 



Note: Distribution Units of conventional Funds cannot be switched to shariah Funds. However, the principal 

amounts of conventional Funds are allowed to be switched to shariah Funds. 

7.8 Management Expense Ratio (MER) 

The Management Expense Ratio (MER) provides a measure by which investors can assess and compare the 

outgoings incurred by a Fund. These expenses are deducted from the income of the Fund before it is paid to you. 

The MER of the Fund is the ratio of the sum of the fees and the recovered expenses of the unit trust fund to the 

average value of the Fund calculated on a daily basis, i.e.: 

Fees of the fund recovered expensesof the fund 

Averagevalueof the fund calculated on a daily basis 

x 

100 

Where: 

Fees = All ongoing fees deducted/deductible directly from the Fund in respect of the 

period covered by the management expense ratio expressed as a fixed amount 

calculated on a daily basis. This would include the annual management fee, the 

annual Trustee fee and any other fees deducted/deductible directly from the 

Fund; 

Recovered 

expenses 

Average value of 

the Fund 

= All expenses recovered from/charged to the Fund as a result of the expenses 

incurred by the operation of the Fund, expressed as a fixed amount. This should 

not include expenses that would otherwise be incurred by an individual investor 

(e.g. brokerage, taxes and levies); and 

= The NAV of the Fund, including net value income less expenses on an accrued 

basis, in respect of the period covered by the MER, calculated on a daily basis 

7.9 Portfolio Turnover Ratio (PTR) 

Portfolio turnover of the Fund is the ratio of the average sum of the acquisitions and disposals of the Fund for the 

year to the average value of the Fund for the year calculated on a daily basis, i.e.: 

[Total acquisitions of the Fund for the year + Total disposals of the Fund for the year] / 2 

Average value of the Fund for the year calculated on a daily basis 

7.10 Policy on Brokerage Rebates and Soft Commissions 

It is the Manager’s policy to channel all rebates, if any, received from stockbrokers to the Funds. However, the 

following goods and services received from brokers and other financial service providers (“soft commissions”) 

are retained by the Manager: - 

(i) 

(ii) 

(iii) 

(iv) 

research materials; 

data and quotation services; 

investment-related magazines, journals and other related trade publications; and 

computer applications software. 

The policy of the Manager is to accept only soft commissions which are relevant, as stated above, and incidental 

to the investment and management of the Manager and which are of demonstrable benefit to the Unit Holders of 

the Funds. The Manager will ensure that the acceptance of the soft commissions does not affect the dealings by 

the provider of the commissions, which are to be executed on a “best execution” basis. 





8 Purchasing and Redeeming of Units 

8.1 Single Pricing Policy 

The Manager adopts the single pricing policy in calculating your investment for and repurchase of Units. Single 

pricing equates to sales and repurchases quoted and transacted on a single price (i.e. NAV per Unit). The sales 

charge is disclosed in Section 7.1. 

8.2 Valuation of Units 

For Funds with no foreign investment, the valuation of Units is based on the NAV of the Fund and is calculated at 

the end of the Business Day. 

According to the Single Pricing Policy, the selling and redemption prices of Units would be at the NAV per Unit. 

Computation of the NAV per Unit at each valuation point is illustrated below:- 

Total Assets 

Total Liabilities 

NAV 

Units in Circulation 

RM3,009,450,000.00 

RM5,850,000.00 

= Total Assets – Total Liabilities 

= RM3,009,450,000.00 – RM5,850,000.00 

= RM3,003,600,000.00 

= 6,000,000,000 Units 

Net Asset Value per unit = NAV______ 

Units in circulation 

= RM3,003,600,000.00 

6,000,000,000 

= RM0.5006000000 

NAV per Unit, rounded to 4 decimal places 

= RM0.5006 

Please note the above example is for illustration purposes only 

8.3 Error in Pricing 

If there is any incorrect calculation of the NAV per Unit, the Manager will take immediate remedial action to 

rectify the error. The Manager’s remedial action will extend to the reimbursement of money to the Unit Holders if 

the error is at or above the threshold of 0.5% of the NAV per Unit unless the impact on the individual Unit 

Holder’s account is RM10.00 or less in absolute amount, in which case no reimbursement is required. 

8.4 Purchasing and Redeeming of Units 

When you invest in a Fund you are issued with Units. These Units represent your holding in the Fund. The 

number of Units that you will receive is determined by the NAV per Unit of the Fund. In addition to the amount 

invested in the purchasing of Units, a sales charge is also imposed. Similarly, the redemption of Units is also 

determined by the NAV per Unit. 

8.5 Determination of Prices and Charges 

The prices of Units are computed on a Forward Pricing basis. Similarly, Units of the Funds are redeemed at the 

NAV per Unit at the next valuation point after receipt of the redemption request and acceptance by the Manager. 

Consequently, any changes in the underlying assets of the Funds will cause its Unit prices to vary. 



Purchasing of Units 

Illustration of computation for investment in AMBDY 

Assuming: 

(i) Amount invested by Unit Holder : RM10,000 

(ii) Unit NAV per Unit : RM0.50000 

(iii) Sales charge : 1.5% of NAV per Unit 

Units allotted 

= Investment amount 

NAV per Unit 

= RM10,000 

RM0.5000 

= 20,000 units 

Total sales charge incurred 

Total amount paid 

= Investment Units x Sales Charge 

= 20,000 Units x (1.5% x RM0.5000) 

= 20,000 Units x RM0.00750000 

= RM150 

= Investment amount + total sales charge 

= RM10,000 + RM150 

= RM10,150 

Please note the above example is for illustration purposes only. 

8.6 Minimum Balance of Investment 

There is no restriction on the frequency of redemption and Units a Unit Holder can redeem. 

AMBDY and AMBDI 

For partial redemption, the minimum balance of Units remaining in the account must always be one hundred 

(100) Units. The Manager may elect to redeem the entire account if the effect thereof would be that the Unit 

Holder holds less than one hundred (100) units. The Manager will pay the net redemption proceeds to the Unit 

Holder within ten days from the receipt of the request to redeem. 

AMBDA 

For partial redemption, the minimum balance of Units remaining in the account must always be one thousand 

(1,000) Units. The Manager may elect to redeem the entire account if the effect thereof would be that the Unit 

Holder holds less than one thousand (1,000) units. The Manager will pay the net redemption proceeds to the Unit 

Holder within ten (10) days from the receipt of the request to redeem. 

8.7 Cooling-Off Right 

A Cooling-off Right refers to the right of the Unit Holder to obtain a refund of his investment in the Funds 

including the sales charge if he so requests within the Cooling-off Period. 

A Cooling-off Right is only given to an investor, other than those listed below, who is investing in any fund within 

the AMB Family of Funds for the first time: 

(a) 

(b) 

(c) 

a corporation or institution; 

staff of the Manager; and 

persons registered to deal in unit trusts for the Manager. 

The refund for every unit held by the investor pursuant to the exercise of the Cooling-off Right shall be the sum of: 

(a) 

the NAV per Unit on the day the Units were first purchased; and 



(b) 

the sales charge per Unit originally imposed on the day the units were purchased. 

Illustration of computation of Cooling-Off Proceeds 

By way of illustration, if a Unit Holder invested RM 10,000 in AMBDY on August 18, 2008, the computation will 

be as follows:- 

(i) Amount invested by investor : RM10,000 

(ii) Unit NAV per Unit : RM 0.5000 

(iii) Sales charge : 6.5% of NAV per Unit 

Units received 

Total sales charge incurred 

Total amount paid 

= Investment amount 

NAV per Unit 

= RM10,000 

RM0.5000 

= 20,000 Units 

= Investment Units x Sales Charge 

= 20,000 x (6.5% x RM0.5000) 

= 20,000 x RM0.03250000 

= RM650 

= Investment amount + total sales charge incurred 

= RM10,000 + RM650 

= RM10,650 

On 23.08.2008 (within the Cooling-off Period) the investor decides to exercise his Cooling-off Right by submitting 

a request for a refund of his investment. The cooling-off amount/proceeds due to him is computed based on the 

Unit prices and NAV determined at the close of business on 18.08.2008. 

The total amount to be returned to the Unit Holder will be: 

= Sales charge paid on 18.08.2008 + (NAV per Unit for 18.08.2008 x Units received) 

= RM650 + RM10,000 

= RM10,650 

Please note the above example is for illustrative purposes only. 

When a Cooling-off Right is exercised, the money will be refunded to the applicant within ten (10) days of receipt 

of the notice of exercise of the Cooling-off Right by the Manager. 

The request to exercise your Cooling-off Right must be submitted either to the Manager or any Distribution 

Branch within six (6) Business Days commencing from the date of purchase i.e. the date on which the Manager 

receives the application form and the investment amount. 

The Cooling-off Right for EPF investments is available subject to the terms and conditions of the EPF. We value 

your investments and calculate the Unit prices for each Fund at the close of every Business Day. Unit prices are 

published in major newspapers nationwide and investors may call our AMB Customer Care number: 03-2034 

0800, or visit our website at www.ambmutual.com.my. 

8.8 How to Purchase and Redeem Units of the Funds 

Making an investment in the Funds is simple. Just complete the application form accompanying this Prospectus 

and send it to any of Distribution Branch by following the instruction in the form. An investor is recognised as a 

Unit Holder upon receipt by the Manager of payment together with the completed application form. The Manager 

will issue investment confirmation statements to the Fund’s Unit Holders within fourteen (14) days from receipt of 

application forms by the Manager. 



Withdrawals can also be made in part or entirely at any time by completing the request to repurchase form, 

which can be obtained at any Distribution Branch. Although the Deed allows for a period of ten (10) days after 

receiving the request to redeem for payment of proceeds to Unit Holders, the Manager will try to make payment 

within seven (7) days of receiving the request. 

8.9 Where to Purchase and Redeem 

Units can be bought and sold on Business Days between 9.00am to 2.30pm at any Distribution Branch. 

8.10 Invest Your EPF Savings 

You may withdraw a portion of your EPF savings and invest in the Funds. By investing some of your EPF 

savings in the Funds, you could stand to maximise the value of your retirement savings over the long term. 

Upon reaching age 55, investment under EPF Members Investment Scheme will automatically be shifted to cash 

which allows Unit holders to withdraw their money at any Distribution Branch. 

8.11 Transfer of Units 

AMBDY and AMBDI 

Units in the Funds are transferable. Every instrument of transfer must be left with the Manager and must be 

accompanied by such evidence as the Manager may require to prove the title of the transferor. The Manager 

may decline to register any transfer for registration, which would result in the transferor or the transferee being a 

Unit Holder of less than one hundred (100) Units. The transfer of Units shall be effective within thirty (30) days 

from the date of receipt of the request to transfer and the Manager shall inform the Trustee thereto. A fee of RM3 

is charged per transaction. 

AMBDA 

Units in the Fund are transferable. Every instrument of transfer must be left with the Manager and must be 

accompanied by such evidence as the Manager may require to prove the title of the transferor. The Manager 

may decline to register any transfer for registration, which would result in the transferor or the transferee being a 

Unit Holder of less than one thousand (1,000) Units. The transfer of Units shall be effective within thirty (30) days 

from the date of receipt of the request to transfer and the Manager shall inform the Trustee thereto. An 

administrative fee of RM3 is charged per transaction. 

8.12 The Flexibility to Switch your Investment 

We recognise that your investment needs may change over time. To meet your changing needs, the Manager 

gives you the flexibility to switch from one Fund to any of the Funds under AMB Family of Funds. If you feel one 

or more of the other Funds we manage are better suited to your needs, you may switch to any of these Funds. 

Each Fund has a different investment strategy and risk profile. You should read and understand the current 

Prospectus of the Fund you are considering switching into before you decide to switch. 

This switching facility is to enable Unit Holders to switch within the AMB Family of Funds in response to changing 

financial goals and market conditions. 

Switching is effectively a request to : 

o withdraw all or a specified part of your investment in one Fund, at NAV applicable to Units in that Fund 

at the time of the switch, and 

o use the proceeds to buy Units in another Fund. 

How to switch? 

To switch between the AMB Family of Funds you can simply complete a switching form at any Distribution 

Branch. You may request a specified number of Units to be switched from one Fund to another. An 

administrative fee of RM25 is charged per transaction. No commission is paid to Distribution Branch or to the 

Agents for facilitating a switch. The minimum amount you can switch is 1,000 Units. However, distribution Units 

of conventional Funds cannot be switched to shariah Funds within the AMB Family of Funds. Only the principal 

amount of conventional Funds is allowed to be switched to shariah Funds. 

Investors are advised not to make payment in cash when purchasing units of a fund via any 

institutional/retail agent. 



9 Understanding Income Distributions and 

Reinvestment Plan 

9.1 Distribution Policy 

The Funds will distribute all or substantially all of their net income and net realised capital gains to the Unit 

Holders at the discretion of the Manager. The distribution of each Fund will vary depending on the performance 

of the Fund and prevailing economic conditions. 

It is intended that income distribution, if any, which is at the discretion of the Manager is declared annually and 

distributed to all Unit Holders based on units held on entitlement date by way of creation of additional units at the 

end of financial year of the Fund. 

9.2 What Comprises Income Distribution? 

Income distribution is made from realised capital gains (net of realised losses) and realised income. Capital gains 

are realised when investments are disposed off at a profit. 

Realised income is income from deposits, accretion of discounts net of amortisation of premium on fixed income 

securities and dividend income from share equities as well as distribution equalisation arising from the creation 

price of Units. 

9.3 How is Income Distribution Calculated? 

The Unit Holder's income distribution, if any, is calculated in proportion to the number of Units of the Fund held 

by the Unit Holder as at that date that the income distribution is declared, the price of which shall be based on 

the NAV, which shall be calculated as at the valuation point of the Business Day falling one (1) month after the 

declaration date. 

9.4 Auto-Reinvestment of Distribution for the Funds 

Your income distributions is automatically reinvested to purchase additional Units in the same Fund. No 

sales charges is charged on the reinvestment of income distributions. 

Unit Holders will receive distribution by way of additional Units at the end of the financial year. The Unit price of 

all distribution reinvestments will be based on the NAV per Unit, which shall be calculated at the valuation point 

of the Business Day falling 1 month after the declaration date. The Manager will forward a distribution warrant to 

the Unit Holders within 2 months of the date of declaration. 

As for EPF Unit Holders, any income distributions paid by the Fund will be considered as EPF savings 

and must be automatically reinvested into additional Units of the same Fund. 

Benefits of the Auto-reinvestment of Distribution 

 

 

 

Income reinvested without incurring sales charge. 

Convenient way of investing income each year. 

Increased potential for income and capital growth. 

9.5 Policy on Unclaimed Monies 

Any distribution payable to such Unit Holders remaining unclaimed for such period of time as prescribed by the 

Unclaimed Monies Act 1965 after the date for payment shall be paid by the Trustees to the consolidated trust 

account in accordance with the provisions of the Unclaimed Monies Act 1965. 



10 Communications with Unit Holders 

The Manager is dedicated to providing investors with high quality information services to help investors make 

well-informed investment decisions. We focus on individual investors with a lasting commitment to realisation of 

their long-term investment goals by providing a value-added contribution to the management of their personal 

wealth. 

10.1 Customer Information Service 

You can seek assistance on any issue relating to the Funds, from Mondays to Fridays, on Business Days, by 

contacting: 

• AMB Client Services: 03-2034 0800 from 9.00am to 6.00pm 

• Distribution Branch from 9.00am to 4.30pm 

Alternatively, you may also: 

 

 

Email at ambcare@pnb.com.my 

Visit AMB’s website at www.ambmutual.com.my 

Unit Price 

AMB publishes the NAV per Unit of the Funds in at least one national Bahasa Malaysia and one national English 

newspaper daily. Unit Holder can also view the NAV per Unit of the Fund at our website. The Manager has taken 

necessary procedures to ensure accuracy of information of pricing sent to the Bernama and the respective 

newspapers. However, the Manager would not be held liable for the errors or omission of the printed information 

on the prices of its Funds in the newspapers. 

10.2 Regular Reports on your Investment 

There are two (2) main types of information that you will receive about your investment. You should read these 

documents carefully. 

1. Transaction Statement 

When you make your investment in the Funds you will receive an investment transaction statement 

showing details of the amount you have invested in the Funds. Subsequently, the Manager will 

forward an investment confirmation statement to all Unit Holders to confirm the number of Units 

that the Unit Holder has invested. 

2. Interim and Annual Reports 

The Manager publishes strategies and performance of the Fund twice a year in annual and interim 

reports and distributes to Unit Holders such reports within two (2) months from the end of the halfyear 

and financial year respectively. The Manager shall lodge a copy of the interim report and the 

annual report with the SC. 

10.3 Register of Unit Holders 

The principal register of Unit Holders will be kept at the principal office at 34th Floor, Menara PNB, 201-A, Jalan 

Tun Razak, 50400 Kuala Lumpur and will be available for inspection by Unit Holders from 9.00a.m. to 6.00 p.m., 

on Business Days. 



10.4 Policies Adopted by AMB to Avoid Money Laundering Activities 

The following are policies adopted by AMB to avoid money laundering activities: 

(i) the Senior Compliance Officer of AMB has been appointed as the Designated Reporting Officer of AMB for 

suspicious transactions and will ensure compliance with the Anti Money Laundering Act; and 

(ii) RM300,000 per transaction has been set as the threshold level for suspicious transactions in any of the unit 

trust fund managed by AMB; 

10.5 Material Contracts 

Saved as disclosed below, there are no other material contracts (including contracts not reduced into writing), not 

being contracts entered into in the ordinary course of business, which have been entered into that relates to the 

Fund within two (2) years preceding the date of this Prospectus: 

(a) The Deed dated 7 March 2008 constituting PNB SIF, entered into between AMB and ART, for the benefit of 

the Unit Holders; and 

(b) The Investment Management Agreement setting out the terms and conditions upon which the Investment 

Manager has been appointed and has agreed to act as the Investment Manager of the Fund entered into 

between AMB and PNB on 10 March 2008. 

(c) Supplemental deeds dated August 13, 2008 is related to AMBDY, AMBDI and AMBDA pertaining to 

substitution of Trustess. 



11 Rights and Liabilities of a Unit Holder 

11.1 Rights of a Unit Holder 

As a Unit Holder of the Fund, and subject to the provisions of the Deed, you have the right: 

• to receive distributions, if any, of the Fund; 

• to participate in any increase in the NAV of the Units of the Fund; 

• to call for, attend and vote at Unit Holders’ meetings; 

• to vote for the removal of the Trustee or the Manager through an extraordinary resolution; 

• to exercise the Cooling-Off Right (only for qualified investors); 

• to receive annual and interim reports on the Fund; and 

• to exercise such other rights and privileges as provided for in the Deed. 

However, you would not have the right to require the transfer to you of any of the investments of the Funds. 

Neither would you have the right to interfere with or to question the exercise by the Trustee (and us on the 

Trustee’s behalf) of the rights of the Trustee as Trustee of the investments of the Funds. 

11.2 Liabilities of a Unit Holder 

• 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; and 

• Unit Holders shall not be under any obligations to indemnify the Trustee and/or the Manager in the 

event that the liabilities incurred by the Trustee and the Manager in the name of or on behalf of the 

Funds pursuant to and/or in the performance of the provisions of the Deed exceed the NAV of the 

Funds, and any right of indemnity of the Trustee and/or the Manager shall be limited to recourse to the 

Funds only. 



12 The Management and Administration of the 


12.1 Corporate Profile of the Manager 

Amanah Mutual Berhad, formerly known as Mayban Unit Trust Berhad (MUTB), is a unit trust management 

company regulated by the Securities Commission. AMB is a subsidiary of ASNB and under the Permodalan 

Nasional Berhad Group of Companies. As at LPD, AMB has a total Fund size of RM3.46 billion. 

AMB is in the business of developing and promoting unit trust funds and its objective is to provide investors with 

an opportunity to participate in good performing Funds with diversified investments such as equities, bonds, 

short-term money market instruments and other capital market instruments. AMB has a 17-year track record in 

managing unit trust funds in Malaysia. 

At present, AMB manages 19 Funds of which seven (7) are in equities, six (6) are in bonds, four (4) are in 

equities and bonds, one (1) is in money market and one (1) is in mixed asset. There are currently four (4) 

external investment managers. 

Our Staff Strength 

AMB has a total staff strength of 38 experienced personnel in unit trust business, comprises 30 executives and 8 

non-executives as at LPD, and is responsible for the day-to-day management of the funds in accordance with the 

provisions of the respective Deeds. Full details of the Manager’s duties are set out in the respective Deeds, 

which are available for inspection at our Principal Office at 34 th Floor, Menara PNB, Jalan Tun Razak, 50400 

Kuala Lumpur. 

Functions, Duties and Responsibilities of the Manager 

The general functions, duties and responsibilities of the Manager include, but are not limited to, the following: - 

1. Carry out and conduct its unit trust business in a proper and diligent manner and manage and 

administer the funds in a proper, diligent and efficient manner in accordance with the Deed, the 

Securities Commission Act 1993, the Securities Laws, the relevant guidelines and other applicable 

Laws at all times and acceptable and efficacious business practice within the unit trust industry; 

2. Observe high standards of integrity and fair dealing in managing the funds to the best and exclusive 

interest of the Unit Holders; 

3. Act with due care, skill and diligence in managing the funds, and effectively employ the resources and 

procedures necessary for the proper performance of the funds; 

4. Not in any manner make any inequitable or illegal profit from its fiduciary position; 

5. Ensure that the Deed and the Prospectus are at all times in compliance with the Deed, the Act and the 

relevant guidelines and other applicable laws at all times; 

6. From time to time modify or propose such modifications to the Deed and / or the Prospectuses as may 

be necessary or desirable in the interests of the Unit Holders; 

7. Take all necessary steps to ensure that the investments and other assets of that funds are adequately 

protected and properly segregated; and 

8. Unless otherwise specified in writing by the Securities Commission, ensure that the funds has, at all 

times, an appointed trustee. 



12.2 Past Performance of the Manager 

The following is the summary of the past performance of the Manager based on the financial statements for the 

past three (3) years. 

18 months period Year Ended 30 June 

ended 31 December 

2007* (RM’000) 2006 (RM’000)) 2005 (RM’000) 

Paid up capital (RM'000) 4,000 4,000 4,000 

Shareholders' funds (RM'000) 44,608 34,670 24,560 

Operating revenue (RM'000) 30,212 31,009 38,773 

Pretax profit (RM'000) 13,695 14,073 14,093 

Net profit after taxation (RM'000) 9,938 10,111 10,136 

* AMB has changed its financial year end from 30 June to 31 December. The financial year ended 31 December 

2007 covers the period from July 1, 2006 to December 31, 2007. 

12.3 Profile of the Board of Directors of the Manager 

The Manager 

The Manager has an experienced Board of Directors, several of whom have a background in financial markets. 

They are responsible for overseeing the activities of the Manager and the establishment of the Funds’ policies. 

Board meetings are held formally at least four (4) times in a year and more frequently should circumstances 

require. 

There are five (5) members on the Board of Directors including two Independent Directors. 

Board of Directors 

Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid (Chairman) 

(Non-executive/Non-independent) 

Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid was appointed to the Board of Directors of AMB on November 30, 

2006 by virtue of his position as the Chairman of PNB, the holding company of Amanah Saham Nasional Berhad 

(“ASNB”). He was appointed as a member of the Investment Committee for all the Funds on November 30, 2006. 

Prior to his appointment as the Chairman of PNB, Tun Dato’ Seri Ahmad Sarji was the Chief Secretary to the 

Government from 1990 to 1996. He was the President of the Commonwealth Association for Public 

Administration and Management, from 1996 to 1998. 

He was conferred by the Government the "Tokoh Maal Hijrah" for the Islamic year 1420 (1999) and the Director 

of the Year Award by the Malaysian Institute of Directors in 1999. 

Tun Dato’ Seri Ahmad Sarji is a graduate of the University of Malaya, the Harvard University of the United States 

of America, and the Institute of Social Studies, the Hague, Netherlands. He was conferred the Honorary Degree 

of Doctor of Science (Management) by Universiti Utara Malaysia, Doctor of Business Administration by the 

Nottingham-Trent University, the United Kingdom, Doctor of Letters by the Universiti Malaysia Sarawak and 

Doctor of Management by the International Islamic University Malaysia. He was appointed Chairman of the 

Second National Economic Consultative Council on August 4, 1999. He is currently the Chairman of the 

Malaysia-Indonesia Business Council. 

Tun Dato’ Seri Ahmad Sarji is the Chairman of the Institute of Islamic Understanding Malaysia, a member of the 

Board of Trustees, Oxford Centre for Islamic Studies and the Asian Institute of Management, Manila, the 

Philippines, and joint-Chairman, Malaysian Commonwealth Studies Centre, University of Cambridge, the United 

Kingdom. 



Tan Sri Dato' Hamad Kama Piah bin Che Othman 


Tan Sri Dato' Hamad Kama Piah bin Che Othman, aged 57, a Malaysian, is the President and Group Chief 

Executive of PNB since February 1, 1998. He was appointed as a Director of AMB on November 30, 2006 

following the take over of AMB by PNB in that year. He is also a member of the Investment Committee for all the 

Funds under AMB 

His working experience spans over 29 years in the field of investment and unit trust management. He is also a 

member of the Board of Directors of PNB, ASNB and Permodalan Hartanah Nasional Berhad as well as a 

member of the Board of Trustees of the Merdeka Heritage Trust. He also sits on the Board of Directors of a 

number of Malaysia public and private companies. 

A Statistic graduate of Universiti Teknologi MARA (UiTM), Tan Sri Dato' Hamad Kama Piah also hold a Masters 

Degree from the University of Wales, Swansea, United Kingdom. He is a member of the Advisory Board of the 

Malaysian Financial Planning council and a Senior Fellow of the Financial Services Institute of Australasia 

(FINSIA). He also holds the designation of a Certified Financial Planner (CFP) and a Registered Financial 

Planner (RFP). 

Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. Noordin 

(Non-executive/Independent) 

Tan Sri Dato' Dr. Wan Mohd. Zahid bin Mohd. Noordin was appointed as a Director of ASNB on August 3, 1999, 

and Director of AMB on November 30, 2006. He was appointed as a member of the Investment Committee for all 

the Funds of AMB on February 9, 2007. 

Tan Sri Dato' Dr. Wan Mohd. Zahid holds a Bachelor of Arts Degree from the University of Malaya, Master of 

Arts Degree from Stanford University, Palo Alto, California, the United States of America, and Ph.D. from the 

University of California, Berkeley, United States of America, in 1978. He also attended the Advanced 

Management Programme at Harvard Business School, the United States of America. In 1997, Tan Sri Dato' Dr. 

Wan Mohd Zahid was conferred the Doctor of Law "Honoris Causa" by the University of Lancaster, the United 

Kingdom. 

Tan Sri Dato' Dr. Wan Mohd. Zahid has more than 30 years of experience in the Malaysian Education Service. 

He held the post of Director-General of Education of Malaysia in 1993, and was appointed Advisor with Special 

Functions to the Minister of Education in 1998. He was also an advisor to Sekolah Bahasa Teikyo. He was a 

consultant to the Institute of Innovation and Technology, Manila, the Philippines, the UNICEF Research Project 

on Pre-School Education in Malaysia, and had been a Council Member of the International Bureau of Education 

in Geneva, Switzerland, and the Islamic Scientific, Educational, Social and Cultural Organisation in Rabat, 

Morocco. In September 1999, he was appointed by UNESCO to serve as a consultant to the Ministry of 

Education, Saudi Arabia, when that country embarked on an education reform initiative. 

Tan Sri Dato' Dr. Wan Mohd. Zahid is the Chairman of several companies. He had also served as Deputy 

Chairman of International Bank Malaysia Berhad until the recent merger of the bank. 

Tan Sri Dato' Md. Desa bin Pachi 

(Non-executive/Independent) 

Tan Sri Dato' Md. Desa bin Pachi was appointed to the Board of Directors of ASNB on July 3, 1979, and Director 

of AMB on December 22, 2006. He is as a member of the Investment Committee for all the Funds. 

Tan Sri Dato' Md. Desa Pachi is a Chartered Accountant and was admitted as an Associate Member of the 

Institute of Chartered Accountants, Australia, in 1962, and Fellow of the Institute of Chartered Accountants, 

Australia in 1974. He studied accountancy in Melbourne, Australia, under a Colombo Plan Scholarship. He joined 

the Shell Group of Companies in 1962 and served in various capacities in the Finance Administration. From 

1970 to 1976, he was in public practice as Chartered Accountant and was a partner of Desa Megat & Co and 

KPMG Peat Marwick. Subsequently, he was appointed the first Chief Executive Officer of PNB and served as 

Chairman/Chief Executive Officer of Malaysia Mining Corporation Berhad, Executive Chairman of Fleet Group 

Sdn Bhd, Chairman/Managing Director of The New Straits Times Press (Malaysia) Berhad and Chairman of 

Sistem Televisyen Malaysia Berhad. From 1982 to 2006, he was the Chairman of Bumiputra-Commerce 

Holdings Berhad. He also sits on the Board of Directors of several other companies. 



Encik Idris bin Kechot 


Encik Idris bin Kechot was appointed as Executive Director of ASNB on April 1, 2005 and as a Director of AMB 

on November 30, 2006. He obtained his Bachelor of Science Degree in Agribusiness from Universiti Putra 

Malaysia in 1983. In 1987, Encik Idris secured his Master Degree in Business Administration specialising in 

Finance from the University of Stirling, United Kingdom. In 2006, he attended an Accelerated Development 

Programme at London Business School, United Kingdom. 

He started his career in 1983 as an Investment Analyst at the Corporate Research Department of PNB 

undertaking industry and sectoral research. In 1988, he joined the Investment Division of PNB, responsible for 

the equity investment activities. His 21 years experience incorporates equity valuation, equity trading and 

portfolio management of the proprietary and unit trust portfolios. 

He has also undergone extensive training and attachment programs locally and overseas, in the area of equity 

valuation, portfolio management and general management development. Encik Idris obtained a designation as a 

qualified Certified Financial Planner (CFP). He sits on the Board of Directors of several other companies. 

12.3.1 Company Secretary 

Puan Adibah Khairiah binti Ismail@Daud 

(MIA 13755) 

Company Secretary 

With effect from November 30, 2006, Puan Adibah Khairiah binti Ismail@Daud was appointed as the Company 

Secretary of Amanah Mutual Berhad. She holds Bachelor of Commerce from Australian National University. She 

obtained her Australian Certified Practicing Accountants in 1998. She is a Chartered Accountant and is a 

member of the Malaysian Institute of Accountants since 1999. 

Puan Adibah started her career with Messrs. Coopers & Lybrand, Public Accountants, from 1988 to 1994. She 

had served Sapura Holdings Sdn Berhad as Audit Manager from 1994 to 1997, and subsequently served Sapura 

Industrial Berhad (formerly known as Sapura Motors Berhad) from 1997 to 1999, as Head of Internal Audit. She 

had also served Percon Corporation Sdn Berhad as Financial Controller cum Company Secretary in 2002 to 

2005. She joined PNB in 2005 and was seconded to Pelangi Berhad, as Chief Financial Officer. Puan Adibah is 

presently attached to the Company Secretary's Department of PNB since October 2006. She sits on the Board of 

Directors of several companies. 

12.3.2 Senior Compliance Officer 

Encik Paisol bin Ahmad 

Senior Compliance Officer 

Encik Paisol bin Ahmad is designated Senior Compliance Officer of AMB. He is a Fellow of the Association of 

Chartered Certified Accountants, the United Kingdom, a member of the Malaysian Institute of Accountants and a 

Fellow of Financial Services Institute of Australasia (FINSIA). Encik Paisol has more than ten (10) years of 

experience in the unit trust industry, having served in various senior positions within the PNB Group since 1993. 

Encik Paisol bin Ahmad is also a Certified Financial Planner. He sits on the Board of Directors of an unlisted 

company. 



12.4 Profile of the Key Management Staff of the Manager 

Puan Aldilla @ Zilfalila binti Abdul Halim (Sheila Halim) 


Puan Sheila has been appointed as Chief Executive Officer of Amanah Mutual Berhad (AMB) on 4 March 2008. 

Prior to joining AMB, Puan Sheila assumed a position of Executive Director of CMS Asset Management Sdn 

Bhd, a subsidiary of Cahya Mata Sarawak Berhad (CMS). Concurrently, Puan Sheila had a seconded role as the 

Acting Chief Executive Officer of CMS Trust Management Berhad. She was overall responsible for developing 

strategies, marketing plans and structuring products for CMS financial-related businesses in fund management 

and unit trust industry. She brings with her more than 12 years of marketing and investment management 

experience whilst being an equity portfolio manager of PFM Capital, an asset management company of 

Permodalan Nasional Berhad to having served as Director of Fund Management with Towry Law International. 

She holds a Bachelor of Science Degree in Mathematics & Statistics from the University of Western Ontario, 

Canada. 

Puan Ahirah Binti Abdul Rahman 

Head, Accounts Department 

Puan Ahirah binti Abdul Rahman has more than eight (8) years of audit experience with an established audit firm 

before joining PNB in 1991. She was in the Finance Department, PNB and was subsequently transferred to the 

Accounts Department, ASNB in 2001 and was responsible for the overall accounting functions of the unit trust 

funds. On December 1, 2006, Puan Ahirah joined Amanah Mutual Berhad (AMB) as a Head of Accounts 

Department. She holds a Diploma in Accountancy from MARA Institute of Technology, Shah Alam (now known 

as Universiti Teknologi MARA-UiTM). 

Encik Md. Kudus bin Abdul Manaf 

Head, Operations Department 

Encik Md Kudus bin Abdul Manaf is the Head, Operations Department. He joined AMB on December 1, 2006. He 

has more than twenty-four (24) years of working experience in PNB in various departments. He is responsible for 

the overall operational matters of the Manager, which include Customer Service, Management of Customers’ 

Investment Transactions and Records. He obtained his Bachelor of Business and Administration Degree from 

Ottawa University USA. 

12.5 The Investment Committee of the AMB Family of Funds 

The Investment Committee (IC) is primarily responsible for formulating, implementing and monitoring the 

investment management strategies of the Funds in accordance with the investment objective set out for the 

Funds, the Deed of the Funds, the Guidelines and securities laws, the internal investment restrictions and 

policies and acceptable and efficacious investment management practices within the unit trust industry. The IC is 

also responsible for the overall performance of the Funds by ensuring that the Funds are managed professionally. 

In addition, the IC reviews and approves the portfolio strategies recommended by the External Investment 

Manager. The IC meets once a month and more frequently should circumstances require. The External 

Investment Manager will report on the activities and performance of the Funds directly to the IC at monthly 

intervals for overall reviews. 

The IC members are as follows: 

Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid 

(as afore-mentioned) 

Tan Sri Dato’ Hamad Kama Piah bin Che Othman 


Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin 


Tan Sri Dato’ Md. Desa bin Pachi 




12.6 The Shariah Committee 

12.6.1 Roles and Responsibilities of the Shariah Committee Members 

• To ensure that the Funds are managed and administered in accordance with Shariah Principles; 

• To provide expertise and guidance in all matters relating to Shariah Principles, including on the Funds’ 

deeds and prospectuses, their structure and investment processes, and other operational and 

administrative matters; 

• Where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or 

process, to consult the SC; 

• To act with due care, skill and diligence in carrying out their duties and responsibilities; 

• To scrutinise the Funds’ compliance reports as provided by the compliance officer, and investment 

transaction reports provided by, or duly approved by, the Trustee to ensure that the Funds’ investments 

are in line with Shariah Principles; and 

• To prepare a report to be included in the Funds’ interim and annual reports certifying whether the Funds 

have been managed and administered in accordance with Shariah Principles for the respective periods 

concerned. 

The Shariah Committee meetings are held formally at least two times in a year and more frequently should 

circumstances require. 

12.6.2 Shariah Committee Members 

The Shariah Committee Members comprise: - 

Dato’ Dr. Abdul Halim bin Ismail 

(Chairman) 

 

Dato’ Dr. Abdul Halim bin Ismail was appointed as the Shariah advisor to Amanah Mutual Berhad on November 

30, 2006. 

Dato’ Dr. Abdul Halim is the Executive Director Dealing of BIMB Securities Sdn. Berhad. He has considerable 

experience in Islamic Banking, Takaful and Capital Market. He holds a Bachelor of Arts (Hons.), Degree in 

Economics from the University of Malaya and Doctor of Philosophy (D. Phil.) in Economics from the University of 

Oxford, the United Kingdom. 

Dato’ Dr. Abdul Halim sits on the Boards of Directors of several companies. 

Datuk Dr. Syed Othman bin Syed Hussin Al Habshi 

 

Datuk Dr. Syed Othman bin Syed Hussin Al Habshi was appointed as the Shariah advisor to Amanah Mutual 

Berhad on November 30, 2006. Datuk Dr. Syed Othman Al Habshi holds a Bachelor of Economics Degree in 

Statistics from University of Malaya, Master of Science in Statistics from University of Wisconsin, United States 

of America and Ph.D in Econometrics from University of Birmingham, United Kingdom. 

Datuk Dr. Syed Othman has more than 30 years’ experience in the Malaysian education service. He was 

Professor, Dean of Graduate School and Acting Dean of Matriculation Centre of International Islamic University 

Malaysia and Deputy Vice-Chancellor (Academic) of Universiti Utara Malaysia. He also held the post of Deputy 

Director-General of Institute of Islamic Understanding Malaysia (IKIM) and had also previously served as the 

founding President and Chief Executive Officer of University Tun Abdul Razak. 

He is currently a member of several Boards of Directors including, Etiqa Takaful Berhad, Maybank Islamic 

Berhad, Prima Prai Sdn Berhad and Asia Unit Trusts Berhad. He is also a member of the Shariah Advisory 

Committees of Malaysian Industrial Development Finance Group of Companies, MNRB Retakaful Berhad, 

Labuan Reinsurance Berhad and Singpore Unit Trusts Ethical Fund. 



Prof. Dato’ Dr. Abdul Monir bin Yaacob 

Prof. Dato’ Dr. Abdul Monir bin Yaacob was appointed as the Shariah advisor to Amanah Mutual Berhad on 

November 30, 2006. 

Prof. Dato’ Dr. Abdul Monir obtained a Diploma in Law and later a Master of Philosophy (Law) from University of 

London. He later completed his Ph.D in Philosophy at the International Islamic University of Malaysia in 1991. 

Prof. Dato’ Dr. Abdul Monir has more than ten years experience as a lecturer and held the post of Associate 

Professor, Faculty of Law, Universiti Kebangsaan Malaysia. He was appointed as Assistant Director General of 

Institut Kefahaman Islam Malaysia (IKIM) in November 1997 and was later made Director General of IKIM from 

April 2002 to March 2005. Prof. Dato’ Dr. Abdul Monir is also a member of Shariah Committee of Singapore Unit 

Trust Limited. 

His last position was Professor at the Department of Shariah and Law, Academy of Islamic Studies, the 

University of Malaya. 

Prof. Dato’ Dr. Mahmood Zuhdi bin Hj Ab. Majid 

Prof. Dato’ Dr. Mahmood Zuhdi bin Hj Ab. Majid was appointed as the Shariah advisor to Amanah Mutual Berhad 

on November 30, 2006. 

Prof. Dato’ Dr. Mahmood Zuhdi holds a Bachelor Degree in Shariah from Yayasan Pengajian Tinggi Islam 

Kelantan, and later obtained a Masters in Shariah from University Al-Azhar, Cairo, as well as a Masters in 

Philosophy from University of Kent. He went on to complete his Ph.D at the University of Malaya. He was the 

Dean of the Faculty of Shariah as well as Director of Academy of Islamic Studies, University Malaya. He is 

currently a Professor at the Department of Fiqh and Usul Fiqh, Kuliyyah of Islamic Revealed Knowledge and 

Human Sciences, International Islamic University Malaysia. 

Prof. Dato’ Dr. Mahmood Zuhdi also sits on various advisory boards. He is the Chairman of Public Bank Shariah 

Committee and Shariah advisor of As-Salihin Trustee. He is also the author of more than 20 Islamic publications. 

12.7 Profile of the External Investment Manager 

Mayban Investment Management Sdn Berhad 

The Manager has appointed Mayban Investment Management Sdn Bhd (MIM), a licensed Fund Manager under 

the Capital Market & Services Act 2007, which is 100% owned by Maybank Fortis Holdings Berhad, to implement 

the fund management strategy on the Manager’s behalf. 

MIM’s appointment as the External Investment Manager is derived from the delegation of powers given to the 

Manager by the Deed. The MIM shall not hold office as a member of the IC. The Manager delegated its power to 

manage the Funds to MIM pursuant to a mandate. MIM will be paid its management fee by the Manager from its 

annual management fee remuneration. With the appointment of MIM as the External Investment Manager, the 

Funds shall benefit from both financial and research strengths of the Maybank Group. 

Historically, the Maybank Group operated its asset management businesses through its merchant-banking arm, 

Aseambankers. In 1997, as part of its continuous efforts to improve its services to clients, the Maybank Group 

started the corporatisation exercise of Aseambankers’ Investment Department. This exercise involved the 

incorporation of a new entity, Mayban Asset Management Sdn Bhd (MAM) on March 5, 1997, to assume 

management of the asset management business from Aseambankers’ Investment Department. UBS-AG became 

35% shareholders in 1997 and MAM’s name was changed to Mayban-UBS Asset Management Sdn Bhd 

(Mayban-UBS) to reflect the change in the shareholding. Upon Mayban-UBS obtaining its investment manager’s 

license the company commenced operations on January 6, 1998. On July 24, 1999, Mayban-UBS officially 

changed its name to MIM, as the consequence of the departure of UBS-AG as its shareholder. MIM was initially 

61.5% owned by Maybank and 38.5% owned by Aseambankers Malaysia Berhad (Aseambankers). However, 

effective 27 March 2008, Mayban Fortis Holdings Berhad acquired 100% shares of MIM. The company and its 

predecessors have been involved in asset management for over twenty-five (25) years. 

As at LPD, the total fund size managed by MIM is approximately RM19.30 billion. MIM’s current staff strength is 

78 persons, of whom 69 are executive staff and 9 are non-executive staff. The qualifications and experience of 

MIM’s key management staff are set out as follows:- 



Encik Abd Kadir Sahlan is the Chief Executive Officer of MIM effective 1 August , 2007. He was initially the 

Head of Portfolio Management at Mayban Fortis Holdings, which he joined in March 2003. He has been actively 

managing all asset classes i.e fixed income, equity, cash and structured products, for in-house funds with current 

size of RM16 billion during his tenure with Mayban Fortis Holdings. Prior to joining Maybank Group, he was the 

Head of Fixed-Income and Structured Products of RHB Asset Management Sdn Bhd. He has had about 15 years 

experience in investment management. Encik Abd Kadir graduated from University of Cambridge with a Bachelor 

of Arts degree in Mathematics and Computer Science. He is a holder of the Capital Market & Services 

representative license. 

Mr Lee Yuen Kuen, is the Chief Investment Officer, joined MIM on 1 July 2008. He graduated from the 

University of Wisconsin-Madison, USA with Bachelor of Business Administration, majoring in Actuarial Science 

and Finance, Investment and Banking in May 1994. Since graduation he worked in numerous securities 

companies as an Investment Analyst. He joined Maybank Group in March 2005. Before join MIM, he was 

attached to Mayban Life Assurance Berhad as a Head of Portfolio Management where he was responsible for 

overseeing all fixed-income and equities investment portfolios under Etiqa Insurance. He also holds a certificate 

of Chartered Financial Analyst (CFA). 

En Ahmad Rizlan Azman, is the Chief Commercial Officer, joined MIM in November 2007. He has 13 years 

experience in financial services covering corporate strategy, corporate advisory, corporate debt and relationship 

management. Prior to joining Mayban Investment, he served as head, Corporate Strategy & Communication at 

Affin Investment Bank and prior to that as Vice President, Financial Institutions Relationship Management Group 

at Deutsche Bank. He graduated with BA (Hons) Accounting and Finance from Middlesex University, UK. He is a 

holder of the Capital Market & Services Representative’s licence. 

Mr Bernard Eng Ooi Kee is Head, Finance and Fund Administration. He assumed his current responsibility in 

October 1998. He has been with the Maybank Group since March 1980 except for a period between June 1993 

and April 1996 when he was with Hong Leong Assurance Bhd as credit controller. At Kumpulan Maybank, he 

served Aseambankers Malaysia Bhd in accounting, financial reporting, loan administration and securities 

administration. Mr Eng received his Associate of International Accounting (UK) in 1994. 

Puan Wan Maizuni binti Wan Mohamad is the Head, Legal & Compliance. She joined MIM in January 2005. 

She started as an Organisation & Methods Executive at UMBC Securities Sdn Bhd in 1996. She then joined 

RHB Asset Management Sdn Bhd as a Compliance Officer, and in 2003, she moved to Amanah Raya Berhad to 

help in setting up Amanah Raya Asset Management Sdn Bhd. She holds a Diploma in Accountancy from MARA 

Institute of Technology Shah Alam (now known as Universiti Teknologi MARA-UITM) and a Degree in Law (LLB 

Hons) from University of East London, UK. She is a registered Compliance Officer with the SC. 

12.7.1 Duties of the External Investment Manager 

Some of the main duties of the External Investment Manager are as follows: - 

• To comply with the operation procedures and invest the Funds in accordance with the Guidelines. 

• To exercise due diligence and vigilance in carrying out its function and duties under the Investment 

Management Agreement and comply with the Acts, directives and guidelines issued by the relevant 

authorities from time to time. 

• To conduct market, technical and economic research to identify suitable investments and to facilitate 

optimal asset allocations for the Funds. 

• To endeavour to use its professional discretion to reallocate assets at the most appropriate times with 

the aim to optimising returns for the Unit Holders of the Funds. 

• To seek to invest in the most suitable assets within each class of assets. 

• To submit recommendation to the Investment Committee for review and approval of portfolio strategies, 

at the Investment Committee meeting to be held monthly. 



12.8 Designated Investment Managers of the Funds 

Mayban Investment Management Sendirian Berhad (MIM) undertakes the external investment management of 

the AMBDY, AMBDI and AMBDA. 

The Designated Investment Managers for the respective Funds are: - 

Designated Fund Manager for AMBDY 

Cik Nadjihah binti Mohd. Dzaiddin, Head of Equity (Institutional), joined MIM in December 2003. She was a 

Fund Manager at Affin Fund Management Sdn Bhd between 1997 and 2003 managing largely government and 

corporate funds (both islamic and conventional funds). Presently she is managing all of the Shariah-based equity 

funds, namely the unit trust funds, corporate funds and high net worth individuals. She has had more than 10 

years experience in the fund management industry. Prior to that, she was an equity analyst for over three three 

years in RHB Research Institute Sdn Bhd. She obtained her degree in B.A. (Hons) Law from University of 

Nottingham, UK and completed her Certificate of Legal Practice (CLP) in 1994. She holds a Fund manager’s 

representative license (now known as Capital Market & Services Representative’s licence. She obtained her 

license from the SC on 6 December 2003 to act as a Fund Manager of MIM. 

Designated Fund Manager for AMBDY 

Ms Loh Siew Huey, Senior Portfolio Manager, joined MIM in April 2001. She has over 10 years experience in 

the fund management industry. She manages the unit trust funds, corporate funds and high net worth individuals’ 

portfolios. Previously, she was an Investment Analyst attached to UOB-OSK Asset Management. The OSK-UOB 

Small Cap Fund under her team has won the best performing fund in Malaysia consecutively for two years by 

Lipper since 1998. She later joined Gryphon Asset Management Sdn Bhd before coming to MIM. Ms Loh holds a 

Degree in Financial Management (Hons) from the University of Arkansas, USA. She is the holder of a Fund 

Manager’s Representative Licence (now known as Capital Market & Services Representative licence). She 

obtained her licence from the SC on 7 August 2001. 

Co-Fund Manager for AMBDY and AMBDI (Fixed Income Mandate) 

Ms Linda Yap Hui Ling, Senior Portfolio Manager, Fixed Income, is a Fellow of the Association of Chartered 

Certified Accountants, United Kingdom. She has also passed the MFORR exam. She joined the Fixed Income 

Unit of Mayban Investment Management Sdn Bhd in May 2007. She has over 12 years experience in the funds 

management industry, managing a wide range of equity and balanced funds from insurance, retirement, 

corporate, high net worth individuals and a unit trust fund. She started her career in funds management in 

Aseambankers Malaysia Berhad and was with the Maybank group for 12 years. She has 5 years of accounting 

experience in commerce and industry prior to joining Aseambankers. She obtained her fund manager’s 

representative license from the SC on 15 April 2007. 

Designated Fund Manager for AMBDA 

Ms Linda Yap Hui Ling, Senior Portfolio Manager, Fixed Income, is a Fellow of the Association of Chartered 

Certified Accountants, United Kingdom. She has also passed the MFORR exam. She joined the Fixed Income 

Unit of Mayban Investment Management Sdn Bhd in May 2007. She has over 12 years experience in the funds 

management industry, managing a wide range of equity and balanced funds from insurance, retirement, 

corporate, high net worth individuals and a unit trust fund. She started her career in funds management in 

Aseambankers Malaysua Berhad and was with the Maybank group for 12 years. She has 5 years of accounting 

experience in commerce and industry prior to joining Aseambankers. She obtained her fund manager’s 

representative licence from the SC on 15 April 2007. 

The External Investment Managers are responsible for the daily portfolio management of the Funds, 

recommending strategic investment decisions and policies to the Investment Committee for approval and 

implementation. In addition, they are also responsible for ensuring investments of the Fund comply with the 

investment guidelines of the Funds. 



12.9 Conflict of Interest 

The Manager has in place policies and procedures to deal with any conflict of interest situations. In making an 

investment transaction for the Funds, the External Investment Managers will not make improper use of its 

positions in managing the Funds to gain, directly or indirectly, any advantage or to cause detriment to the 

interests of Unit Holders. 

As at LPD, to the best of the Manager’s knowledge, there has been no event of conflict of interest by the 

Manager, except as disclosed on page 161. Where a conflict or potential conflict of interest is identified, this must 

be evaluated by the Compliance Department and disclosed to the CEO for the next course of action. Conflict of 

interest situations involving the CEO will be disclosed to the Board of Directors for a decision on the next course 

of action. The Directors or staff who are in advisory positions such as portfolio manager or staff who have access 

to information on transactions are not allowed to engage in dealings on their own account. Investment committee 

members who hold substantial shareholding or directorships in public companies shall refrain from any decision 

making if the Funds invests in the particular share or stocks of such companies. 

12.10 Material Litigation and Arbitration 

As at LPD, there is no material litigation or arbitration, including any pending or threatened and there are no facts 

likely to give rise to any proceedings, which might materially affect the business / financial position of the 

Manager or any of its delegates. 

However, there is an ongoing legal suit which had commenced in 2004 against the MIM and another party in 

which former clients of MIM are seeking to recover losses arising from their purchase of certain private 

placement shares through MIM. MIM has appointed a reputable firm of solicitors to defend the claim. MIM's 

solicitors are of the opinion that MIM has a reasonable defence to the claim. The legal suit has been adjourned to 

19 November 2008. 



13 The Trustee of the Funds 

13.1 Profile of AmanahRaya Trustee 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 42 years in trustee business. ART has been registered and approved 

by the SC to act as trustee to unit trust funds. ART will subsequently substitute ARB as the existing trustee for 

the 49 unit trust funds under ARB’s trusteeship and has 69 unit trust funds under ART’s trusteeship. As at LPD, 

ART has 58 staff 38 Executives and 20 Non-Executives). 

ART has an authorised capital 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 Investment Advisory Sdn Bhd (760322-X) 10 

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

FINANCIAL PERFORMANCE 

The following is a summary of the past performance of ART based on audited financial statements for financial 

year ended 31 December since its incorporation on 23 March 2007: 

Year Ended 31 December 

2007 

RM'000 

Paid-up share capital 1,000 

Shareholders' funds 6,511 

Turnover 10,343 

Pretax profit 7,638 

Profit after taxation 5,511 

Board of Directors 

Dato’ Idrus Bin Harun - Chairman 

Hajjah Habsah Binti Bakar - Director / Chief Executive Officer 

Dato’ Ahmad Rodzi Bin Pawanteh - Director 

Datin Aminah Binti Pit Abd Raman - Director 

Puan Alina Binti Hashim - Director 

Tuan Haji Ab. Ghani Bin Haron – Director 

Dato’ Ahmad Kamal Bin Abdullah Al – Yafii _ Director 

Encik Zainudin Bin Hj. Suhaimi - alternate to Hajjah Habsah Binti Bakar 

Key Management Staff 

Hajjah Habsah Binti Bakar - Chief Executive Officer 

Encik Zainudin Bin Hj. Suhaimi - General Manager 

Encik Zainul Abidin Bin Hj. Ahmad - Company Secretary 

Encik Abbas Bin Nejamdeen - Legal Manager 

Encik Azril Bin Abd Kadir - Compliance Manager 

Cik Noor Azizah Binti Kamal - Marketing & Business Development Manager 

Encik Mohd Sofian Bin Hj. Kamaruddin – Debt Capital Markets and Trusts Section Manager 



Profile of the Key Management Staff 


Hajjah Habsah Binti Bakar is the Director and Chief Executive Officer 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, Marketing, Corporate Communications, Product 

Development and Customer Relationship Management of Amanah Raya Berhad during that tenure. She 

graduated from University of Malaya with a Degree in Law with Honours in 1985 and holds a postgraduate 

Diploma in Shariah Law and Practice from the International Islamic University Malaysia in 1997. 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. She is also a Director of Amanah Raya Nominees (Tempatan) Sdn. Bhd. and oversees Amanah 

Raya Labuan Limited. 

Encik Zainudin Hj Suhaimi 

Encik Zainudin Hj 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 is in charge of the operations of ART. He has served Corporate Trust Department of Amanah Raya 

Berhad since 1992 and later was seconded to ART for about 1 year. He officially joined ART in June 2008. He is 

also a trust officer at Amanah Raya Labuan Limited. He is an associate member of the Financial Planning 

Association of Malaysia since 2005. 

Encik Zainul Abidin Bin Hj. Ahmad 

Encik Zainul Abidin Bin Hj. Ahmad is the Group Company Secretary. He has more than 14 years’ working 

experience in legal and secretarial matters. He began his career in 1990 as a Legal Assistant with Messrs Kam 

Woon Wah & Company. In February 2002, he joined ARB where he oversees the secretarial matters of the 

Group. 

Encik Abbas Bin Nejamdeen 

Encik Abbas Bin Nejamdeen is the Legal Manager of ART. He holds a Bachelor of Law (Hons) from International 

Islamic University Malaysia. He was called to the Malaysian Bar in 2003. He was in legal practice specialising in 

corporate law and had served at a public listed company in Kuala Lumpur and its joint venture company in 

Sudan He served Corporate Trust Department of Amanah Raya Berhad since March 2006 and later was 

seconded to ART for about 1 year. He officially joined ART in June 2008. 

Encik Azril Bin Abd Kadir 

Encik Azril Bin Abd Kadir is the Manager of Compliance Department at ART. He joined ART in January 2008 and 

brings with him more than 7 years experience in the collective investment scheme industry. He graduated with a 

Bachelor of Science in Business Administration from the University of Missouri Columbia. Prior to joining ART, 

he was the registered compliance officer of a local asset management company. 

Noor Azizah Binti Kamal 

Noor Azizah Kamal is the Marketing and Business Development Manager at AmanahRaya Trustees Berhad. 

She holds a Bachelor (Hons) in Mass Communication from University Teknologi MARA. Prior to joining ART, she 

was attached with an established Chamber of Commerce, where she was involved with Marketing, Business 

Development and Business Advisory work for various industries and business portfolios. 

Encik Mohd Sofian Bin Hj. Kamaruddin 

Encik Mohd Sofian Bin Hj. Kamaruddin is the Debt Capital Markets and Trusts Section Manager of ART. He 

holds a Bachelor of Accountancy (Hons) from Universiti Putra Malaysia. He is in charge of the debenture 

trusteeship segment of ART. He had served at the Audit and Compliance Division of Malaysia Monetary 

Exchange Berhad (presently known as Bursa Derivatives Malaysia Berhad) as an audit executive and 

subsequently as Compliance Officer in a futures broking company for more than 5 years. He has served 

Corporate Trust Department of Amanah Raya Berhad since March 2003 and later was seconded to ART for 

about 1 year. He officially joined ART in June 2008. He is also a member of Malaysian Institute of Accountants. 

13.2 Trustee’s Delegate for AMBDA 

AmanahRaya Bhd has delegated its custodian function of AMBDA to Maybank Custody Services (MCS), a unit 

within Malayan Banking Berhad. MCS commenced operations in 1983 and has been a custodian for unit trust 

funds since 1989. It provides clearing and custody services for Malaysian equity and fixed income securities to 

domestic and foreign institutional clients. In addition, it offers global custody services to domestic 

institutions/clients that have foreign investments. MCS has staff strength of 31 employees, comprising 21 

executives and 10 non-executives as at LPD. 



13.3 Trustee’s Responsibility Statement 

The Trustee consents and agrees to assume the position as Trustee of the Funds and undertakes all the 

obligations in accordance with the Deeds, all relevant laws and rules of law for the benefit of the registered unit 

holders of the Funds. 

13.4 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 financial position of the Trustee. 

13.5 Duties and Obligations of the Trustees 

The Trustees’ main functions are to act as trustee and custodian of the assets of the Funds and to safeguard the 

interests of registered holders of the Funds. In performing these functions, the Trustees have to exercise all due 

care and vigilance and is required to act in accordance with the provisions of the Deeds, the Act, the Guidelines 

and the securities law. Apart from being the legal owner of the Funds’ assets, the Trustees are also responsible 

for ensuring that the Manager performs its duties and obligations in accordance with the provisions of the Deeds, 

the Act, the Guidelines and the securities law. 

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

• To act as custodian of the assets of the Funds and to safeguard the interests of Unit Holders. The Trustees are 

to actively monitor the administration of the Funds by the Manager to ensure that the interests of the Unit 

Holders are upheld at all times. In discharging its duties, the Trustees should not only depend on submission of 

reports by the Manager; 

• The Trustees are 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 Deeds or that it has failed to comply with the Guidelines 

and the Act; 

• At all times the Trustees are to ensure that the investments of the Funds are not used to further the interests of 

any party related to the Manager; 

• To act continuously as Trustees under the Funds until such Funds are terminated or until the Trustees have 

retired from such Funds; 

• To show the degree of care and diligence required of a Trustees in carrying out its functions and duties and in 

protecting the rights and interest of the Unit Holders to which the Deeds 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 Funds; 

• 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 Trustees 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 / financial year by the auditor and that 

each Unit Holder of the Funds 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. 



13.6 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 Deeds 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 

fit, 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 Funds. 

13.7 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. 

In any of the above said grounds, the Manager shall upon receipt of a written notice from the Trustee ipso facto 

cease to be the management company of the Fund. The Trustee shall, at the same time, by writing appoint some 

other corporation approved by the relevant authorities to be the management company of the Fund; such 

corporation shall have entered into such deed or deeds as the Trustee may consider to be necessary or 

desirable to secure the due performance of its duties as management company for the Fund. 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. 



14 Salient Terms of Deed 

The following is a summary of the Deeds. Certain salient terms of the Deeds are summarised in other sections of 

this Prospectus. Recipients of this Prospectus and all prospective investors in the Units should refer to the Deeds 

to confirm specific information and to obtain a detailed understanding of the respective Fund. The Deeds are 

available for inspection at the principal place of business of the Manager at 34th Floor, Menara PNB, 201-A, 

Jalan Tun Razak, 50400 Kuala Lumpur and the principal place of business of the respective Trustee. 

The Deeds 

The AMB Family of Funds is a family of trust funds constituted by the Deeds, as entered into between the 

Trustee and AMB. The Deeds came into effect on the respective dates of registration by the SC. Each Unit 

Holder shall be entitled to the benefit of and shall be bound by the terms and conditions of the respective Deed. 

Pursuant to the Deeds, the Trustee shall take into its custody or control all the assets of the Funds and 

hold the same in trust for the Unit Holders in accordance with the Deeds and all relevant laws. The Deeds 

are governed by, and shall be construed in accordance with, the laws of Malaysia. 

1. RIGHTS AND LIABILITIES OF UNIT HOLDERS 

Unit Holders shall, inter alia, have the right to attend and vote at meetings of Unit Holders and receive 

distributions. However no Unit Holder shall be entitled to require the transfer to him of any investment or 

other property comprised in the Fund or 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 Fund. 

The liability of Unit Holders is limited to the purchase price paid for the Units. Unit Holders are not under 

any obligation to indemnify the Manager and/or the Trustee for liabilities incurred on behalf of the Fund 

which exceed the gross asset value of the Fund, and any right of indemnity of the Trustee and/or the 

Manager shall be limited to recourse to the Fund. 

2. MAXIMUM FEES AND CHARGES PERMITTED BY THE DEEDS 

The maximum rates for the Management Fee, Trustee Fee, sales charge and redemption charge are 

provided in the Deeds and are set out in Section 1.2 of this Prospectus. 

Currently no redemption charges are imposed upon redeeming of Units of the Funds. 

3. INCREASE IN FEES AND CHARGES FROM THE LEVEL DISCLOSED IN THE PROSPECTUS AND 

THE MAXIMUM RATE PROVIDED IN THE DEEDS 

The Management Fee and the Trustee Fee shall not exceed the maximum stated in the Deeds. The 

annual Management Fee and the Trustee Fee cannot be charged at a rate higher than that disclosed in 

the Prospectus unless the Manager and the Trustee have agreed on a higher rate in accordance with the 

Deeds and Unit Holders have been notified of the higher rate and the effective date. 

The sales and repurchase charges shall not exceed the maximum as set out in the Deeds. The 

Manager may only charge a higher sales charge than that disclosed in the Prospectus in accordance 

with the Deeds and all relevant laws. 

4. PERMITTED EXPENSES PAYABLE OUT OF THE FUND’S PROPERTY 

Only expenses which are directly related and necessary may be charged to the Funds. These include 

(but not limited to) the following: 

(i) 

commissions/fees paid to brokers in effecting dealings in the investments of the Funds shown 

on the contract notes or confirmation notes; 



(ii) 

(iii) 

(iv) 

(v) 

taxes and other duties charged on the Funds by the Government and other authorities; 

fees and other expenses properly incurred by the Auditor and/or Tax Agent appointed for the 

Funds; 

fees for the valuation of any investment of the Funds by independent valuers for the benefit of 

the Fund; and 

costs incurred for any modification of the Deeds or for meetings of Unit Holders (save where 

such modification or meeting is convened is for the benefit of the Manager and/or the Trustee). 

The Deeds provide that expenses such as general overheads, costs for services expected to be 

provided by the Manager, promotional expenses and expenses incurred in the registering and issuing of 

the prospectuses (unless no service charges are levied on the Units sold) and the remuneration of any 

delegate of the Manager, shall not be charged to the Funds. The Trustee shall ensure that all expenses 

charged to the Funds are legitimate, not excessive or beyond standard commercial rates. 

5. REMOVAL, RETIREMENT AND REPLACEMENT OF THE MANAGER AND THE TRUSTEE 

Please refer to section 13.7 of this Prospectus (in relation to the retirement, removal and replacement of 

the Manager) and section 13.6 of this Prospectus (in relation to the retirement, removal and 

replacement of the Trustee). 

6. TERMINATION OF THE FUND 

The commencement date as stated in the Deeds and continue until the Maturity Date (if applicable) or as 

determined by the Trustee under the provisions in the Deeds. The Trustee shall as soon as practicable 

after the determination of the Fund give to each of the Unitholder notice of such determination. 

The Trustee may inter alia in any of the following events determine the Funds:- 

a) if the Manager shall go into liquidation (except a voluntary liquidation for the purpose of 

reconstruction or amalgamation upon terms previously approved in writing by SC); or 

b) if in the opinion of the Trustee, the Manager has ceased to carry on business; or 

c) if in the opinion of the Trustee, the Manager has failed to comply with the Deed to the prejudice of 

the Unit Holders. 

and shall summon a meeting of Unit Holders in accordance with the provisions of the Deeds for the 

purpose of seeking directions from the Unit Holders. If at any such meeting a special resolution to 

terminate and wind up the Funds is passed by the Unit Holders, the Trustee shall apply to the Court for 

an order confirming such special resolution. 

7. UNIT HOLDERS’ MEETING 

The Unit Holders may apply to the Manager to summon a meeting for any purpose. Unless otherwise 

required by law, the Manager shall, not later than twenty-one (21) days of receiving an application from 

not less than fifty (50) or one-tenth (1/10) in number, whichever is the lesser, of all Unit Holders, 

convene a meeting of the Unit Holders. 

The Trustee and the Manager may convene a Unit Holders' meeting in accordance with the Deed for any 

purpose. 

The quorum for a meeting shall be five (5) Unit Holders present in person or by proxy. No business shall 

be transacted at any meeting unless the requisite quorum is present at the commencement of business. 

Unless otherwise prescribed by law, a Unit Holders' meeting summoned pursuant to the Deeds shall be 

held not later than two (2) months after the notice was given, at the time and place stipulated in the 

notice and advertisement. 



15 Variations Granted by the SC 

Variation to the Guidelines on Unit Trust Fund 

• Exemptions from the Guidelines for AMBDY, AMBDI and AMBDA 

(i) 

Shareholders, Directors and Key Personnel 

Clause 4.05 (9) 

[Revised Clause: Clause 3.07] 

“A director of a management company should not hold office as director of more than one 

management company at any one time. In addition, a director of the management company should 

not hold office as member of the investment committee of funds managed and administered by 

another management company.” 

Exemption from this Clause was extended to allow all of the directors of AMB to remain as directors 

and member of the investment committee of funds managed and administered by another 

management companies.” 

(ii) 

Members of investment committee 

Clause 6.02 (8) 


“A member of the investment committee should not hold office as: 

(a) member of an investment committee of funds managed and administered by another 

management company; 

(b) director of another management company; 

(c) Shariah advisor for the same fund; 

(d) member of the panel of advisors for the same fund; and 

(e) an officer of the delegate that carry on the fund management function for the fund.” 

An exemption from this Clause is given to Tun Dato Seri Ahmad Sarji bin Abdul Hamid, Tan Sri 

Dato’ Hamad Kama Piah bin Che Othman and Tan Sri Dato’ Md. Desa bin Pachi, to allow them to 

be members of the Investment Committees of all Funds. All of them save for Tan Sri Dato’ Dr. Wan 

Mohd. Zahid bin Mohd. Noordin are also members of investment committees of other funds 

managed and administered by another management company. 

 

Exemptions from the Guidelines (for AMBDA only) 

Clause 8.01(5) 


“Clause 8.01(5) of the Guidelines states that the annual management fee should be accrued daily 

and should be calculated based on the NAV of the Fund. The number of days in a year should be 

used in calculating the accrued fees. AMBDA had obtained an exemption from ths requirement as 

the management has decided to allow the Fund to remunerate the Manager under a profit sharing 

scheme with the Fund in the ration 15:85 based on the Net Investment Income of the Fund after 

deduction of Trustee Fee and other operating expenses, instead of charging an Annual Management 

Fee based on the NAV of the Fund as per Clause 8.01 (5) of the Guidelines. 



16 Related Party Transactions/Conflict of 

Interest 

Existing and Potential Related Party Transactions 

(i) 

PNB has been appointed as the External Investment Manager of PNB Structured Investment Fund 

(“PNB SIF”). As AMB is a wholly owned subsidiary of Amanah Saham Nasional Berhad (“ASNB”) and 

PNB holds 100% equity interest in ASNB, AMB is effectively a wholly-owned subsidiary of PNB. In view 

of the above, the appointment of PNB as the Investment Manager is deemed a related party transaction. 

Conflict of Interest 

AMB and its holding company, ASNB are both unit trust management companies managing unit trust funds. The 

investment committee members for all the funds managed by AMB comprises the same individuals. In addition to 

the above, Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid is also an investment committee member for all the 

funds managed by ASNB except for Amanah Saham Wawasan 2020. Tan Sri Dato’ Hamad Kama Piah bin Che 

Othman is also an investment committee member for all the funds managed by ASNB. Tan Sri Dato’ Md. Desa 

bin Pachi is an investment committee member for four funds managed by ASNB, namely Amanah Saham 

Nasional, Amanah Saham Nasional 2, Amanah Saham Nasional 3-Imbang and Amanah Saham Gemilang. 

Previously, the appointment of the investment committee members for all the other funds managed by ASNB and 

AMB had been approved by the SC. 

In addition, PNB the holding company of AMB and ASNB has been appointed as External Investment Manager 

of PNB SIF and all the funds managed by ASNB. 

Policies on Dealing with Conflict of Interest Situations 

The Manager has in place policies and procedures to deal with any conflict of interest situations. In making an 

investment transaction for the Fund, the Investment Manager will not make improper use of its position in 

managing the Fund to gain, directly or indirectly, any advantage or to cause detriment to the interests of Unit 

Holders. 

As at LPD, to the best of the Manager’s knowledge, there has been no occurrence of conflict of interest involving 

the Manager. Where a conflict or potential conflict of interest is identified, this must be evaluated by the 

Compliance Department and disclosed to the Chief Executive Officer (“CEO”) of the Manager for the next course 

of action. Conflict of interest situations involving the CEO will be disclosed to the Board of Directors of the 

Manager for a decision on the next course of action. Directors or staff who are in advisory positions such as 

portfolio managers or staff who have access to information on transactions are not allowed to engage in dealings 

on their own account. Investment Committee members who hold substantial shareholdings or directorships in 

public companies shall refrain from any decision making if the Fund invest in the particular share or stocks of 

such companies. 

Details of AMB’s Directors’ Direct and Indirect Interest in Other Corporations Carrying 

on a Similar Business 

As at the LPD, AMB’s Directors’ do not have any direct or indirect interest in other corporations carrying on a 

similar business save for Tan Sri Ahmad Sarji bin Abdul Hamid and Tan Sri Hamad Kama Piah bin Che Othman 

who each hold one (1) subscriber share in PHNB and ASNB respectively but have no beneficial interest in the 

same. 

Details of AMB’s Substantial Shareholders’ Direct and Indirect Interest in Other 

Corporations Carrying on a Similar Business 

As at the LPD, ASNB, the holding company of AMB does not have any direct or indirect interest in other 

corporations carrying on a similar business. 



Declaration of Conflict of Interest 

PNB and funds managed by PNB have collectively over 50.00% shareholdings in Maybank. Maybank has 

extended facilities to AMB and has also been appointed as the Distributor, both of which are in the ordinary 

course of business. In addition, AMB has agreed-in-principle to appoint Etiqa Takaful Berhad, effectively a 70% 

subsidiary of Maybank, to provide insurance coverage on group personal accident takaful for Unit Holders. 



17 Tax Adviser’s Letter 

TAXATION ADVISER’S LETTER IN RESPECT OF THE TAXATION 

OF THE UNIT TRUST AND THE UNIT HOLDERS 

(PREPARED FOR INCLUSION IN THIS PROSPECTUS) 

3 Sept 2008 

PricewaterhouseCoopers Taxation Services Sdn Bhd 

Level 10, 1 Sentral, Jalan Travers 

Kuala Lumpur Sentral 

P.O.Box 10192 


The Board of Directors 

AMB Mutual Berhad 

34th Floor, Menara PNB 



AMB DANA YAKIN 

TAXATION OF THE TRUSTS OFFERED UNDER THE MASTER PROSPECTUS AND UNITHOLDERS 

Dear Sirs, 

This letter has been prepared for inclusion in the Master Prospectus to be dated 17 September 2008 to 16 

September 2009 in connection with the offer of units in the abovementioned trust (“the Trust”). 

The taxation of income for both the Trust and the Unitholders are subject to the provisions of the Malaysian 

Income Tax Act, 1967 (“the Act”). The applicable provisions are contained in Section 61 of the Act, which deals 

specifically with the taxation of Trust bodies in Malaysia. 

TAXATION OF THE TRUST 

The Trust will be regarded as resident for Malaysian tax purposes since the Trustees of the Trust are resident in 

Malaysia. 

The income of the Trust consisting of dividends, interest or profit 1 (other than interest and profit 1 which is exempt 

from tax) and other investment income derived from or accruing in Malaysia, after deducting tax allowable 

expenses, is liable to Malaysian income tax at the rate of 26 2 per cent. 

Gains on disposal of investments by the Trust will not be subject to income tax. 

_______________________________ 

1 

Section 2(7) of the Malaysian Income Tax Act 1967, provides that any reference to interest shall apply equally to gains or 

profits received and expenses incurred, in lieu of interest, in transactions conducted in accordance with the principles of 

Shariah. The effect of this is that any gains or profits received and expenses incurred in Shariah transactions will be given the 

same tax treatment as interest similar to a conventional transaction. 

2 

The corporate tax rate will be reduced to 25 per cent from year of assessment 2009 onwards. 



Tax Credit 

With effect from 1 January 2008, Malaysia will introduce the one tier system where dividends paid by companies 

would not be taxable. However, during the transitional period from 1 January 2008 to 31 December 2013, 

companies may elect to still be under the imputation system where dividends paid are taxed at source and tax 

credits available to recipients. Dividends received from companies that are under the one-tier system would be 

exempted from tax and the expenses incurred on such dividends would be disregarded. There will no longer be 

any tax refunds available for one tier dividends received. 

Dividends received by the Trust from companies which have not adopted the single tier system, would have 

suffered tax deduction at source at 26 2 per cent, unless specific exemptions apply e.g. pioneer dividends. No 

further tax will be payable by the Trust on the dividends. However, such tax or part thereof will be refundable to 

the Trust if the total tax so deducted at source exceeds the tax liability of the Trust. Resident companies with 

paid-up capital of RM2.5 million and below will pay tax at 20 per cent for the first RM500,000 chargeable income 

with the balance taxed at 26 2 per cent. However, dividends from such companies would still have tax credits 

attached of 26 2 per cent such that there will not be additional tax payable by the Trust on such dividends. 

Exempt Income 

The Trust may receive Malaysian dividends which are tax exempt. The exempt dividends may be received from 

investments in companies which had previously enjoyed or are currently enjoying the various tax incentives 

provided under the law. The Trust will not be taxable on such exempt income. 

With effect from 1 January 2008 dividends received from companies under the one tier system would also be 

exempted. 

Interest income / profit 1 or discount income derived from the following investments are exempt from tax: 

(a) 

(b) 

(c) 

Securities or bonds issued or guaranteed by the Government; 

Debentures, other than convertible loan stocks, approved by the Securities Commission; and 

Bon Simpanan Malaysia issued by Bank Negara Malaysia. 

Interest income / profit 1 derived from the following investments are exempt from tax: 

(a) 

(b) 

Interest paid or credited by any bank or financial institution licensed under the Banking and Financial 

Institutions Act 1989 or the Islamic Banking Act 1983; and 

Bonds, other than convertible loan stocks, paid or credited by any company listed on Malaysia 

Exchange of Securities Dealing and Automated Quotation Berhad. 

The interest income / profit 1 or discount exempted from tax at the Trust level will also be exempted from tax upon 

distribution to the Unitholders. 

Tax Allowable Expenses 

Expenses wholly and exclusively incurred in the production of gross income are allowable as deductions under 

Section 33(1) of the Act. In addition, Section 63B of the Act provides for tax deduction in respect of managers’ 

remuneration, expenses on maintenance of the register of Unitholders, share registration expenses, secretarial, 

audit and accounting fees, telephone charges, printing and stationery costs and postages based on a formula 

subject to a minimum of 10 per cent and a maximum of 25 per cent of the expenses. 

Real Property Gains Tax 

Gains on disposal of investments by the Trust will not be subject to income tax but where the investments 

represent shares in real property companies, such gains will be subject to real property gains tax (“RPGT”). A 

real property company is a controlled company which owns or acquires real property or shares in real property 

companies with a market value of not less than 75 per cent of its total tangible assets. A controlled company is a 

company which does not have more than 50 members and is controlled by not more than 5 persons. 

In any case, pursuant to RPGT (Exemption) (No. 2) Order 2007, any disposal of chargeable assets after 31 

March 2007 will be exempted from RPGT. 



TAXATION OF UNITHOLDERS 

Unitholders will be taxed on an amount equivalent to their share of the total taxable income of the Trust to the 

extent of the distributions received from the Trust. The income distribution from the Trust will carry a tax credit in 

respect of the tax paid by the Trust. Unitholders will be entitled to utilise the tax credit against the tax payable on 

the income distribution received by them. No additional withholding tax will be imposed on the income distribution 

from the Trust. 

Corporate Unitholders, resident 3 and non-resident, will generally be liable to income tax at 26 per cent 1 on 

distribution of income received from the Trust. The tax credits attributable to the distribution of income can be 

utilised against the tax liabilities of these Unitholders. 

Individuals and other non-corporate Unitholders who are tax resident in Malaysia will be subject to income tax at 

graduated rates ranging from 1 percent to 28 4 per cent. Individuals and other non-corporate Unitholders who are 

not resident in Malaysia will be subject to income tax at 28 4 per cent. The tax credits attributable to the 

distribution of income will be utilised against the tax liabilities of these Unitholders. 

Non-resident Unitholders may also be subject to tax in their respective jurisdictions and depending on the 

provisions of the relevant tax legislation and any double tax treaty with Malaysia, the Malaysian tax suffered may 

be creditable in the foreign tax jurisdictions. 

The distribution of exempt income and gains arising from the disposal of investments by the Trust will be 

exempted from tax in the hands of the Unitholders. 

Any gains realised by Unitholders (other than those in the business of dealing in securities, insurance companies 

or financial institutions) on the sale or redemption of the units are treated as capital gains and will not be subject 

to income tax. This tax treatment will include gains in the form of cash or residual distribution in the event of the 

winding up of the Trust. 

Unitholders electing to receive their income distribution by way of investment in the form of new units will be 

regarded as having purchased the new units out of their income distribution after tax. 

Unit splits issued by the Trust are not taxable in the hands of Unitholders. 

We hereby confirm that the statements made in this report correctly reflect our understanding of the tax position 

under current Malaysian tax legislation. Our comments above are general in nature and cover taxation in the 

context of Malaysian tax legislation only and do not cover foreign tax legislation. The comments do not represent 

specific tax advice to any investors and we recommend that investors obtain independent advice on the tax 

issues associated with their investments in the Trust. 

Yours faithfully, 

for and on behalf of 

PRICEWATERHOUSECOOPERS TAXATION SERVICES SDN BHD 

Jennifer Chang 

Senior Executive Director 

PricewaterhouseCoopers Taxation Services Sdn Bhd have given their written consent to the inclusion of their 

report as Taxation Adviser in the form and context in which it appears in this Master Prospectus and have not 

withdrawn such consent prior to the delivery of a copy of this Master Prospectus for approval. 

____________________________ 

3 

Resident companies with paid up capital in respect of ordinary shares of RM2.5 million and below will pay tax at 20 per cent 

for the first RM500,000 of chargeable income with the balance taxed at 26 per cent. The corporate rate will be reduced to 25 

per cent with effect from year of assessment 2009 onwards. 

4 The highest marginal tax rate for individual and personal tax rate for non-residents will be reduced to 27 per 

cent from year of assessment 2009 onwards as proposed in the 2009 Budget. 



4 September 2008 

Ernst & Young Tax Consultants Sdn. Bhd. 




The Board of Directors 

Amanah Mutual Berhad 

4 th Floor, Balai PNB 



Dear Sirs 

Taxation of the unit trust and unit holders 

This letter has been prepared for inclusion in this Prospectus to be dated 17 September 2008 in connection with 

the offer of units in the unit trusts listed below (hereinafter referred to as “the Funds”). 

1. AMB Dana Arif; and 

2. AMB Dana Ikhlas 

The purpose of this letter is to provide prospective unit holders with an overview of the impact of taxation on the 

Funds and the unit holders. 

Taxation of the fund 

The taxation of the Funds is subject to the provisions of the Malaysian Income Tax Act, 1967 (“MITA”), 

particularly Sections 61 and 63B. 

Under Section 2(7) of the MITA, any reference to interest shall apply, mutatis mutandis, to gains or profits 

received and expenses incurred, in lieu of interest, in transactions conducted in accordance with the principles of 

Syariah. 

The effect of this is that any gains or profits received (hereinafter referred to as “profits”) and expenses incurred, 

in lieu of interest, in transactions conducted in accordance with the principles of Syariah, will be accorded the 

same tax treatment as if they were interest. 

Subject to certain exemptions, the income of the Funds comprising dividends, profits and other investment 

income derived from or accruing in Malaysia after deducting tax allowable expenses, is subject to Malaysian 

income tax, which is currently imposed at the rate of 26% 1 . 

Tax allowable expenses would comprise expenses falling under Section 33(1) and Section 63B of the MITA. 

Section 33(1) permits a deduction for expenses that are wholly and exclusively incurred in the production of 

gross income. In addition, Section 63B allows unit trusts a deduction for a portion of other expenses (referred to 

as ‘permitted expenses’) not directly related to the production of income, as explained below. 

“Permitted expenses” refer to the following expenses incurred by the Funds which are not deductible under 

Section 33(1) of the MITA: 

1 Effective from Year of Assessment 2009, this rate will be reduced to 25%. 



 

 

 

 

the manager's remuneration, 

maintenance of the register of unit holders, 

share registration expenses, 

secretarial, audit and accounting fees, telephone charges, printing and stationery costs and postage. 

These expenses are given a partial deduction under Section 63B of the MITA, based on the following formula: 

A x 

B 

4C 

where A is the total of the permitted expenses incurred for that basis period; 

B 

C 

is gross income consisting of dividend, interest and rent chargeable to tax for that basis period; 

and 

is the aggregate of the gross income consisting of dividend (whether exempt or not), interest 

and rent, and gains made from the realisation of investments (whether chargeable to tax or not) 

for that basis period, 

provided that the amount of deduction to be made shall not be less than 10% of the total permitted expenses 

incurred for that basis period. 

Exempt income 

The following income of the Funds is exempt from income tax: 

 

Dividends 

Tax exempt dividends received from investments in companies which had previously enjoyed or are 

currently enjoying certain tax incentives provided under the relevant legislation. 

Effective from Year of Assessment 2008 paragraph 12, Schedule 6 of MITA states that exempt dividend 

includes any dividend paid, credited or distributed to any person where the company paying such 

dividend is not entitled to deduct tax under Section 108 of the Income Tax Act. 

 

Interest (Profits) 

(i) 

(ii) 

(iii) 

(iv) 

(v) 

(vi) 

interest from securities or bonds issued or guaranteed by the Government of Malaysia; 

interest from debentures (other than convertible loan stock) approved by the Securities 

Commission; 

interest from Bon Simpanan Malaysia issued by Bank Negara Malaysia; 

interest derived from Malaysia and paid or credited by banks or financial institutions licensed 

under the Banking and Financial Institutions Act 1989 or the Islamic Banking Act 1983; 

interest received from bonds or securities issued by Pengurusan Danaharta Nasional Berhad; 

and 

interest derived from bonds (other than convertible loan stock) paid or credited by any company 

listed on the Malaysian Exchange of Securities Dealing and Automated Quotation Berhad 

(MESDAQ). 

 

Discount 

With effect from the year of assessment 2006, tax exemption will be given on discount paid or credited to 

any unit trust in respect of investments as specified in items (i), (ii) and (iii) above. 



Foreign income 

Dividends, profits and other income derived from sources outside Malaysia and received in Malaysia by a 

resident unit trust is exempt from Malaysian income tax. However, such income may be subject to tax in the 

country from which it is derived. 

Gains from the realisation of investments 

Pursuant to Section 61(1) (b) of the MITA, gains from the realisation of investments will not be treated as income 

of the Funds and hence, are not subject to income tax. Such gains may be subject to real property gains tax 

("RPGT") under the Real Property Gains Tax Act, 1976 (“RPGT Act”), if the gains are derived from the sale of 

chargeable assets, as defined in the RPGT Act. However, any disposal of chargeable assets after 31 March 

2007 will be exempted from the provisions of the RPGT Act by virtue of the Real Property Gains Tax (Exemption) 

(No.2) Order 2007. 

Tax credit 

Tax deducted at source from Malaysian dividends received by the Funds will be available for set-off either wholly 

or partly against the tax liability of the Fund. Should the tax deducted at source exceed the tax liability of the 

Fund, the excess is refundable to the Fund. 2 

Taxation of unit holders 

For Malaysian income tax purposes, unit holders will be taxed on their share of the distributions received from 

the Funds. 

The income of unit holders from their investment in the Funds broadly falls under the following categories: 

1. taxable distributions; and 

2. non-taxable and exempt distributions. 

In addition, unit holders may also realise a gain from the sale of units. 

The tax implications of each of the above categories are explained below: 

1. Taxable distributions 

Distributions received from the Funds will have to be grossed up to take into account the underlying tax 

paid by the Funds and the unit holder will be taxed on the grossed up amount. 

Such distributions carry a tax credit, which will be available for set-off against any Malaysian income tax 

payable by the unit holder. Should the tax deducted at source exceed the tax liability of the unit holder, the 

excess is refundable to the unit holder. 

2 

Pursuant to Section 51 of the Finance Act 2007, a person is not entitled for a set-off if the shares are held for less than 90 

days or the dividend is not derived from ordinary shares. This prohibition is not applicable for shares in a company listed on 

the Bursa Malaysia. It is proposed in the 2009 Budget that a person is not entitled for a set off under section 51 of the Finance 

Act 2007 if the dividend paid to that person is not paid in cash. The proposal has not been gazetted yet. 



Distributions received by a non-resident unit holder from income which has been taxed at source at 26% 3 , 

will not be subject to any further income tax in Malaysia. 

Please refer to the paragraph below for the income tax rates applicable to the grossed up distributions. 

2. Non-taxable and exempt distributions 

Tax exempt distributions made out of gains from the realisation of investments and other exempt income 

earned by the Funds will not be subject to Malaysian tax in the hands of the unit holders. 

Rates of tax 

The Malaysian income tax chargeable on the unit holders depends on their tax residence status and whether 

they are individuals, corporations or trust bodies. The income tax rates charged are as follows: 

Unit holders 

Malaysian income tax rates 

Malaysian tax resident: 

 

Individual and non-corporate unit holders (such as 

co-operatives, associations and societies) 

 

Progressive tax rates ranging from 0% to 

28% 4 

 

Trust bodies 

26% 5 

3 

Effective from Year of Assessment 2009, this rate will be reduced to 25%. 

4 

It is proposed in the 2009 Budget that the top rate of 28% is reduced to 27% with effect year of assessment 2009. The 

proposal has not been gazetted yet. 

5 

Effective from Year of Assessment 2009, this rate will be reduced to 25%. 



 

Corporate unit holders 

(i) A company with paid up capital in respect 

of ordinary shares of not more than RM2.5 

million (at the beginning of the basis period 

for the year of assessment) 6 

 

 

For every first RM500,000 of chargeable 

income @ 20% 

Chargeable income in excess of RM500,000 

@ 26% 4 

(ii) 

Companies other than (i) above 

26% 5 

Non-Malaysian tax resident (Note 2): 

 

Individual and non-corporate unit holders 

28% 7 

 

Corporate unit holders and trust bodies 

26% 5 

Note 

Non-resident unit holders may be subject to tax in their respective countries depending 

on the provisions of the tax legislation in the respective countries and any existing double 

taxation arrangements with Malaysia. 

Gains from sale of units 

Gains arising from the realisation of investments will not be subject to income tax in the hands of unit holders 

unless they are insurance companies, financial institutions or traders/ dealers in securities. 

Unit splits and reinvestment of distributions 

Unit holders may also receive new units as a result of unit splits or may choose to reinvest their distributions. 

The income tax implications of these are as follows: 

 

 

Unit splits – new units issued by the Funds pursuant to a unit split will not be subject to income tax in the 

hands of the unit holders. 

Reinvestment of distributions – unit holders may choose to reinvest their income distribution in new units by 

informing the Manager. In this event, the unit holder will be deemed to have received the distribution and 

reinvested it with the Funds. 

6 

It is proposed in the 2009 Budget that for Year of Assessment 2009 that a small and medium enterprise will not qualify for the 

preference rate of 20% if : 

a) 50% of the paid up capital in respect of ordinary shares of the company is directly or indirectly owned by a related 

company; 

b) 50% of the paid up capital in respect of ordinary shares of the related company is directly or indirectly owned by the 

first mentioned company; or 

c) 50% of the paid up capital in respect of ordinary shares of the first mentioned company and related company is 

directly or indirectly owned by another company 

‘Related company’ means a company which has a paid up capital in respect of ordinary shares of more than RM2.5 million at 

the beginning of the basis period for a year of assessment. The proposal has not been gazetted yet. 

7 

It is proposed in the 2009 Budget that the rate to be reduced to 27% with effect year of assessment 2009. The proposal has 

not been gazetted yet. 



********************************************** 

We hereby confirm that, as at the date of this letter, the statements made in this report correctly reflect our 

understanding of the tax position under current Malaysian tax legislation and the related interpretation and 

practice thereof, all of which are subject to change, possibly on a retrospective basis. We have not been retained 

(unless specifically instructed hereafter), nor are we obligated to monitor or update the statements for future 

conditions that may affect these statements. 

The statements made in this letter are not intended to be a complete analysis of the tax consequences relating 

to an investor in the Fund. As the particular circumstances of each investor may differ, we recommend that 

investors obtain independent advice on the tax issues associated with an investment in the Fund. 

Yours faithfully 

Ernst & Young Tax Consultants Sdn Bhd 

Noor Rida Hamzah 

Executive Director 

Ernst & Young Tax Consultants Sdn. Bhd. has given its consent to the inclusion of the Taxation Adviser’s Letter 

in the form and context in which it appears in this Information Memorandum and has not withdrawn such consent 

prior to the delivery of a copy of this Information Memorandum for approval. 



18 Consents 

The consents of the Trustees and its delegates, the Principal Banker, the Solicitors, the External Investment 

Manager, Reporting Accountant and Auditor and Tax Advisors to the inclusion of their names in the form and 

context in which such names appear in this Master Prospectus have been given before the issue of this Master 

Prospectus and have not been subsequently withdrawn. 

Ernst & Young Tax Consultants Sendirian Berhad and Pricewaterhousecoopers Taxation Services Sdn Bhd have 

given their written consents to the inclusion of their report as Taxation Advisors in the form and context in which 

they appear in this Master Prospectus and have not withdrawn such consents prior to the lodgement of a copy of 

this Master Prospectus for registration. 



19 Documents Available for Inspection 

For a period of not less than 12 months from the date of issuance of this Master Prospectus, the following 

documents or copies thereof, where applicable, may be inspected, at the principal office of the Manager and the 

Trustee, without charge: - 

(i) 

(ii) 

(iii) 

(iv) 

(v) 

(vi) 

(vii) 

The Deed/Supplemental Deeds 

Each material contract or document referred to in the Master Prospectus; 

The latest annual and interim reports of the Funds; 

All reports, letters or other documents, valuations and statements by any expert, any part of which is 

extracted or referred to in the Master Prospectus; 

The audited accounts of the Manager and the Funds for the current financial year (where applicable); 

The audited accounts of the Manager and the Funds for the last 5 financial years or from the date of 

incorporation/commencement, if less than 5 years, preceding the date of this Master Prospectus; and 

All consents given by experts or persons whose statements appear in the Master Prospectus. 



20 Directors’ Declaration 

This Master Prospectus has been seen and approved by the Directors of Amanah Mutual Berhad, and they 

collectively and individually accept full responsibility for the accuracy of all information contained herein and 

confirm, having made all enquiries which are reasonable in the circumstances, that to the best of their knowledge 

and belief, there are no other facts or omission of which would make any statement herein misleading. 

SIGNED FOR AND ON BEHALF OF 

AMANAH MUTUAL BERHAD 

…………………………………............ 

Tun Dato’ Seri Ahmad Sarji bin Abdul Hamid 

Chairman (Non-executive/Non-independent director) 

………………………………………………………… 

Tan Sri Dato’ Hamad Kama Piah bin Che Othman 

Director (Non-executive/Non-independent director) 

………………………………………………….…………… 

Tan Sri Dato’ Dr. Wan Mohd. Zahid bin Mohd. Noordin 

Director (Non-executive/Independent director) 

……………………………………... 

Tan Sri Dato’ Md. Desa bin Pachi 

Director (Non-executive/Independent director) 

……………………….. 

Encik Idris bin Kechot 

Director (Non-executive/Non-independent director) 



21 List of Offices 

Registered Office: 

4th Floor, Balai PNB 



Telephone : 03-2050 5100 

Facsimile : 03-2163 3477 

Principal Office: 

34th Floor, Menara PNB 



Telephone : 03-2034 0800 

Facsímile : 03-2162 5958/2163 3212 

Email 

: ambcare@pnb.com.my 

Website 

: www.ambmutual.com.my 

AMB Customer Care : 03-2034 0800 

Institutional Unit Trust Agents (IUTA): 


Maybank Group Call Centre : 1-300-88-6688 



22 Maybank Distribution Branch 

FEDERAL TERRITORY 

ALAM DAMAI SSC AMPANG PARK SSC BANDAR SRI PERMAISURI SSC BANGSAR BARU SSC 

NO 15, LOT 1.01 AMPANG PARK NO 59, GRD, 1ST & 2ST FLR, 66, 68 & 70, 

JALAN DP5/1B, SHOPPING, JALAN SRI PERMAISURI 8 JALAN MAAROF, 

BANDAR DAMAI PERDANA, JALAN AMPANG, BANDAR SRI PERMAISURI BANGSAR BARU, 

56000 KUALA LUMPUR 50450 KUALA LUMPUR 56000 KUALA LUMPUR 59100 KUALA LUMPUR 

TEL:03-9100 2560/9100 1802 TEL:03-2161 1040 TEL:03-9172 7612/9172 7613 TEL:03-2282 3127 

FAX:03-9100 4624 FAX:03-2161 9294 FAX:03-9172 7610 FAX:03-2282 3132 

BATU CANTONMENT SSC BUKIT BINTANG SSC BUKIT DAMANSARA SSC C.P.I TUN MOHD FUAD TTDI SSC 

NO 803-817,BANGUNAN LIM G FLOOR, BANGUNAN GRD FLR, BLK C, KOMPLEKS TKT BWH, BGN AHP, 

BATU 4 1/2, YAYASAN, PEJ. DAMANSARA, JALAN NO. 2, JLN TUN MOHD FUAD 3 

JALAN IPOH JALAN BUKIT BINTANG, SEMANTAN, BKT DAMANSARA TMN TUN DR. ISMAIL 


TEL:03-6252 4284/6252 4287 TEL:03-2142 8268/2148 9270 TEL:03-2095 3259/2095 3280 TEL:03-7729 4232/7729 4401 

FAX:03-6258 8553 FAX:03-2142 9525 FAX:03-2095 0142 

C.P.I WANGSA MAJU SSC DATARAN MAYBANK SSC DESA PANDAN SSC DESA SERI HARTAMAS SSC 

70, JALAN 2A/27A LEVEL 1, TOWER A, 7 & 9, NO. 21 & 23, 

SEKSYEN 1, NO 1 JALAN MAAROF JALAN 3/76D JALAN 23/70A 

BANDAR WANGSA MAJU DATARAN MAYBANK DESA PANDAN DESA SERI HARTAMAS 


TEL:03-4143 9187/4143 9200 TEL:03-2284 4358/2282 1621 TEL:03-9281 3598/9200 3725 TEL:03-6203 5600/6203 5604 

FAX:03-4142 2346 FAX:03-2282 2253 FAX:03-9281 3650 FAX:03-6203 2459 

JALAN BUNUS SSC JALAN GOMBAK SSC JALAN IPOH SSC JALAN KENANGA SSC 

105, LOT 3799, LOT AG 1, 2, 9, & 10, 42-44, 

JALAN BUNUS PASAR MODEN GRD FLR, PLAZA PEKELILING, JALAN MERLIMAU 

OFF JALAN MASJID INDIA BATU 5, JALAN GOMBAK NO. 2, JALAN TUN RAZAK OFF JALAN KENANGA 


TEL:03-2691 1568/2697 4607 TEL:03-4022 2130/4022 2180 TEL:03-4044 6411/4044 7411 TEL:03-9222 6431/9222 6430 

FAX:03-2691 1768 FAX:03-4022 1400 FAX:03-4041 5161 FAX:03-9223 3195 

JALAN KLANG LAMA SSC JALAN KUCHAI LAMA SSC JALAN MAKTAB SSC JALAN P.RAMLEE SSC 

NO 1 & 3 NO 1 & 3, GROUND FLOOR, GROUND FLOOR, 

JALAN DESA JALAN KUCHAI MAJU 1, WISMA FELDA, MUI PLAZA 

TAMAN DESA OFF JALAN KUCHAI LAMA JALAN PERUMAHAN GURNEY JALAN P. RAMLEE 


TEL:03-7980 2630/7983 1020 TEL:03-7983 0023 TEL:03-2698 0357/2698 0349 TEL:03-2143 0329/2143 0325 

FAX:03-7981 3512 FAX:03-7980 0241 FAX:03-2693 0552 FAX:03-2143 0319 

JALAN PUDU SSC JALAN RAJA LAUT SSC JALAN RAJA MUDA SSC JALAN SULTAN ISMAIL SSC 

418-24, JALAN PUDU G-FLOOR (UTARA), GROUND FLOOR, LEVEL 1&2, 

P.O BOX 6226 WISMA PKNS, WISMA AWAL MENARA IMC 

PUDU POST OFFICE JALAN RAJA LAUT TAMBAHAN 171, JALAN RAJA MUDA 8, JALAN SULTAN ISMAIL 


TEL:03-2142 3555/2142 3575 TEL:03-2698 8853/2692 8315 TEL:03-2691 7409/2698 9376 TEL:03-2032 3366/2031 0722 

FAX:03-2142 1673 FAX:03-2691 7181 FAX:03-2698 1615 FAX:03-2032 3808 

JALAN TUN H.S.LEE SSC JINJANG SSC KEPONG PRIMA SSC KL MAIN SSC 

92, 21, 23, 25 & 27, NO. 10 & 12, PUSAT NIAGA 1st FLOOR, 

JALAN TUN H.S LEE JALAN 2/32, OFF 6 1/2 METRO PRIMA, MENARA MAYBANK, 

50000 KUALA LUMPUR MILE, JALAN KEPONG JALAN PRIMA 5 100, JALAN TUN PERAK 

TEL:03-2031 3639/2078 7931 52000 KUALA LUMPUR METRO PRIMA, KEPONG 50050 KUALA LUMPUR 

FAX:03-2072 6798 TEL:03-6257 1188/6250 1458 52100 KUALA LUMPUR TEL:03-2074 8568/2074 7143 

FAX:03-2032 3808 FAX:03-6251 1089 TEL:03-6258 7100/6258 5521 FAX:03-2078 9761 

FAX:03-6258 5177 



KL SENTRAL SSC KLCC SSC KOMPLEKS BANDAR SSC KOMPLEKS DAYABUMI SSC 

LOT 7, 8, 9, DEPARTURE HALL, CONCOURSE LEVEL, 103 - 107, JALAN MEGA LOT F1/26, & 27, CITY POINT 

TKT 1, KL CITY AIR TERMINAL PETRONAS TWIN TOWERS, MENDONG, BANDAR PARK, DAYABUMI KOMPLEKS, 

(KLCAT), KL SENTRAL KL CITY CENTRE, JALAN KELANG LAMA, JLN SULTAN HISHAMMUDDIN, 


TEL:03-2272 3703 TEL:03-2026 7217/2026 8569 TEL:03-7982 3211/7982 8297 TEL:03-2274 7469 

FAX:03-2272 3620 FAX:03-2026 9329 FAX:03-7981 6496 FAX:03-2273 6082 

KOMPLEKS PERNAS SOGO SSC MEDAN TUANKU SSC MENARA PERKESO SSC MENARA PGRM SSC 

LEVEL 2 UNIT 49, NO. 1, 3 ,5, TINGKAT BAWAH (KANAN), LOT 1.04, 

KOMPLEKS PERNAS - SOGO, 7 DAN 9 MENARA PERKESO MENARA PGRM NO 8, 

190 JALAN ABDUL RAHMAN, MEDAN TUANKU SATU NO. 281, JALAN AMPANG 8, JALAN PUDU ULU, CHERAS 


TEL:03-2694 1300/2694 1164 TEL:03-2694 8576/2694 7814 TEL:03-4253 3771/4251 5330 TEL:03-9284 0277/9284 2682 

FAX:03-2694 1301 FAX:03-2692 1917 FAX:03-4251 5361 FAX:03-9284 2563 

MENARA PROMENADE SSC MID VALLEY CITY SSC SEGAMBUT SSC SELAYANG SSC 

GROUND FLOOR, G(E)-016 GRD FLR, NO 27, 175, JALAN 2/3A, 

MENARA PROMENADE MID-VALLEY MEGAMALL, JALAN SEGAMBUT PUSAT, BANDAR UTARA SELAYANG 

NO 189 JALAN TUN RAZAK LINGKARAN SYED PUTRA 51200 KUALA LUMPUR OFF KM 12,JALAN IPOH, 

50450 KUALA LUMPUR 59200 KUALA LUMPUR TEL:03-6257 1386/6257 1380 68100 KUALA LUMPUR 

TEL:03-2166 3388/2780 7801 TEL:03-2282 0098/2282 0869 FAX:03-6250 6750 TEL:03-6138 8893/6138 8892 

FAX:03-2166 3355 FAX:03-2282 5353 FAX:03-6138 7067 

SENTUL RAYA SSC SERI PETALING SSC SETAPAK SSC SUNGAI BESI SSC 

12 & 14 JALAN 14/48A, NO 15&17, LOT 14408 SUITE 163-0-14 GRD FLR, 

THE BOULEVARD SHOP JALAN RADIN ANUM, JALAN GENTING KELANG, WISMA MAH SING, 

OFFICE, BANDAR BARU SERI PETALING SETAPAK 163 JALAN SUNGAI BESI 

OFF JALAN SENTUL 57000 KUALA LUMPUR 53200 KUALA LUMPUR 57100 KUALA LUMPUR 

51000 KUALA LUMPUR TEL:03-9057 2386/9057 7411 TEL:03-4021 5237 TEL:03-9221 1442/9221 9841 

TEL:03-4041 7726/4041 3120 FAX:03-9057 7054 FAX:03-4021 5750 FAX:03-9221 9824 

FAX:03-4041 2936 

TAMAN CHERAS MAKMUR SSC TAMAN CONNAUGHT SSC TAMAN MALURI SSC TAMAN MIDAH SSC 

LOT 10 & 12, JLN 5/101C, 1, JALAN MENARA GADING 1, NO. 188, 102 - 6, 

JLN KASKAS 1, OFF LEBUHRAYA TIMUR JALAN MAHKOTA JALAN MIDAH SATU 

BT 6, JALAN CHERAS, BARAT, CHERAS TAMAN MALURI TAMAN MIDAH, CHERAS 


TEL:03-9131 5880/9132 5052 TEL:03-9102 2486/9101 1500 TEL:03-9281 2255/9281 1666 TEL:03-9132 7367/9131 1878 

FAX:03-9133 3075 FAX:03-9101 3377 FAX:03-9283 2555 FAX:03-9130 6414 

TAMAN SEGAR SSC TAMAN SETIAWANGSA SSC TAMAN TUN DR ISMAIL SSC TUANKU ABDUL RAHMAN SSC 

37, JALAN MANIS ENAM LOT NO. 16860, 2, LORONG 404 - 10, 

TAMAN SEGAR, JALAN 8/55A & 13/55A RAHIM KAJAI 14, JALAN TUANKU 

CHERAS TAMAN SETIAWANGSA TAMAN TUN DR. ISMAIL ABDUL RAHMAN 


TEL:03-9130 5322/9130 2321 TEL:03-4251 6722/4257 1334 TEL:03-7727 3051/7729 3671 TEL:03-2691 9413/2698 2359 

FAX:03-9131 8670 FAX:03-4251 7575 FAX:03-7729 2770 FAX:03-2692 2219 

WANGSA MAJU SEC. 5 SSC WISMA GENTING SSC WISMA HANGSAM SSC WISMA SIME DARBY SSC 

NO 84, JALAN 1/27F GRND & MEZZANINE FLOORS, NO 1, SUITE GI & GIM, 

PUSAT BDR WANGSA MAJU WISMA GENTING JALAN HANG LEKIR WISMA SIME DARBY EAST WING 

53300 KUALA LUMPUR JALAN SULTAN ISMAIL WISMA HANGSAM JALAN RAJA LAUT 

TEL:03-4142 0508/4142 0507 50250 KUALA LUMPUR 50000 KUALA LUMPUR 50350 KUALA LUMPUR 

FAX:03-4142 0506 TEL:03-2163 5051/2163 5131 TEL:03-2070 5033/2070 0571 TEL:03-2693 7129 

FAX:03-2162 0184 FAX:03-2070 9332 FAX:03-2692 5015 

WISMA TAN KIM SAN SSC 

NO 518A, 

WISMA TAN KIM SAN 

JALAN IPOH 

51200 KUALA LUMPUR 

TEL:03-4042 8030/4042 5828 

FAX:03-4042 3112 

AMB Customer Care : 03-2034 0800 83


SELANGOR 

AMPANG POINT BALAKONG SSC BANDAR AMPANG SSC BANDAR BARU BANGI SSC 

NO.2&3, JLN MEMANDA 7, 15 & 16, SEKSYEN 3, 20G-28G, NO. 2, 

BATU 41/2, JLN AMPANG, PEKAN BATU 11 CHERAS, JLN WAWASAN 4/5, JALAN 6C/16, 

TAMAN DATO' AHMAD RAZALI, JALAN BALAKONG, BANDAR BARU AMPANG SECTION 16, 

68000 AMPANG SEL. 43200 CHERAS SEL. 68000 AMPANG SEL. 46650 BDR BARU BANGI SEL. 

TEL:03-4256 8506/4252 6613 TEL:03-9075 4773/9075 4775 TEL:03-4270 1936/4270 1931 TEL:03-8920 1388/8925 4922 

FAX:03-4251 4333 FAX:03-9075 4776 FAX:03-4270 1937 FAX:03-8925 4919 

BANDAR BARU KLANG SSC BANDAR BARU SELAYANG SSC BANDAR SUNWAY SSC BANTING SSC 

32, NO 77, NO. 30 & 32, NO. 416, 418 & 420 

LORONG TIARA 1A, JALAN 2/16 JALAN PJS 11/28A JALAN JUGRA 

BANDAR BARU KLANG BANDAR BARU SELAYANG BANDAR SUNWAY BANTING 

41150 KLANG SEL. 68100 BATU CAVES SEL. 46150 PETALING JAYA SEL. 42700 SEL. 

TEL:03-3344 7842/3344 7843 TEL:03-6138 6357/6138 6448 TEL:03-5637 0872/5637 0870 TEL:03-3181 2585/3187 1329 

FAX:03-3344 7844 FAX:03-6138 9058 FAX:03-5637 0869 FAX:03-3187 1433 

BDR BARU SALAK TINGGI SC BDR SERI DAMANSARA SSC C.P.I SEC 9 SHAH ALAM SSC C.P.I SERI GOMBAK SSC 

4 & 6, JALAN ST 1C/4 NO 7 & 8, NO. 20, JALAN TENGKU NO. 10, JLN SG 1/2 

BANDAR BARU SALAK TINGGI JLN TANJUNG SD 13/1 AMPUAN ZABEDAH D 9/D, TMN SERI GOMBAK 

SEPANG BANDAR SERI DAMANSARA SECTION 9, BATU CAVES 

43900 SELANGOR 52200 KEPONG SEL. 40100 SHAH ALAM SEL. 68100 SEL. 

TEL:03-8706 3549/8706 3548 TEL:03-6273 5501/6273 5506 TEL:03-5880 8957/5880 8958 TEL:03-6187 7500/6187 3231 

FAX:03-8706 3550 FAX:03-6273 5611 FAX:03-5880 8956 

CYBERJAYA SSC DAMANSARA JAYA SSC DAMANSARA UTAMA SSC GENTING HIGHLANDS SSC 

2200, ENTERPRISE BUILDING NO. 65 & 67, 62 - 66, 2ND FLOOR, GENTING HOTEL 

PERSIARAN APAC, JALAN SS 22/19 JALAN SS21/35 BUILDING, POS OFFICE GENTING 

63000 CYBERJAYA SEL. DAMANSARA JAYA DAMANSARA UTAMA HIGHLANDS, SEL-PHG BORDER 

TEL:03-8318 9744/8318 9745 47400 PETALING JAYA SEL. 47400 PETALING JAYA SEL. 69000 GENTING HIGHLANDS 

FAX:03-8318 9746 TEL:03-7722 4787/7725 7526 TEL:03-7726 8411/7728 7366 TEL:03-6101 3236/6101 2433 

FAX:03-7728 7741 FAX:03-7722 2784 FAX:03-6101 1242 

INTAN MILLENNIUM SSC JALAN 222 SSC JALAN YONG SHOOK LIN SSC KAJANG PRIMA SSC 

SUITE 1.01 & 2.01, INTAN NO 11 GROUND FLOOR, 28 & 29, JALAN K/P 1/2 

MILLENIUM SQUARE, 68, JLN JALAN 51A/222 WISMA IJM KAJANG PRIMA, 

BATAI LAUT 4, P.O. BOX 6535 JALAN YONG SHOOK LIN OFF JALAN SEMENYIH 

41300 KLANG SEL. 46100 PETALING JAYA 46200 PETALING JAYA SEL. 43000 KAJANG, SELANGOR 

TEL:03-3345 3534/3345 3529 SEL. TEL:03-7956 9181/7956 9140 TEL:03-8733 7221 

FAX:03-3341 5959 TEL:03-7957 3815/7957 0258 FAX:03-7957 3886 FAX:03-8733 7225 

FAX:03-7956 2860 

KAJANG SSC KAPAR SSC KELANA JAYA BC SC KELANA JAYA SSC 

GROUND MEZZANINE FLOOR SUB-LOTS 157 & 158, G-M FLR, BGN CGC, 115 - 117, BLOCK E 

NO 28 - 30 JALAN BESAR KELANA BUSINESS CENTRE, KELANA PARK VIEW 

JALAN TUKANG PEKAN KAPAR 97, JALAN SS 7/2, NO 1, JALAN SS/2, 

KAJANG 42200 KAPAR SEL. 47301 PETALING JAYA SEL. KELANA JAYA 

43000 SEL. TEL:03-3259 1670/3250 8812 TEL:03-7805 1194/7805 1169 47301 PETALING JAYA SEL. 

TEL:03-8737 6290/8736 4611 FAX:03-3250 0546 FAX:03-7806 2057 TEL:03-7803 8504/7805 8275 

FAX:03-8736 4009 FAX:03-7804 4544 

KEPONG SSC KLANG SSC KLIA SSC KOTA DAMANSARA SSC 

8 - 10, JALAN 53, NO 14 - 22, UNIT 1A&1B, JLN KLIA 30 JALAN TECHNOLOGY 

DESA JAYA JALAN KEPAYANG S3,SOUTHERN COMMON SECTION 2, PJU 5 KOTA 

KEPONG OFF JALAN MERU, AMENITIES FACILITY, DAMANSARA, 

52100 SEL. 41050 KLANG SEL. KLIA (SELATAN) 47810 PETALING JAYA SEL. 

TEL:03-6274 8276/6276 0001 TEL:03-3342 6434/3343 2060 64000 SEPANG SEL. TEL:03-6156 2422/6156 3153 

FAX:03-6276 1099 FAX:03-3341 4143 TEL:03-8787 2036/8787 3008 FAX:03-6156 8060 

FAX:03-8787 3009 



KOTA KEMUNING SSC KUALA KUBU BAHRU SSC KUALA SELANGOR SSC MUTIARA DAMANSARA SSC 

NO 9 & 11, NO 45 & 46 NO 11 & 13 LOT G96 GRD LEVEL, THE 

JALAN ANGGERIK VANILLA JALAN DATO' MUDA JAFFAR, JALAN RAJA JALIL CURVE, MUTIARA 

N31/N, KOTA KEMUNING, 44000 KUALA KUBU BAHRU 45000 KUALA SELANGOR DAMANSARA, 

40460 SHAH ALAM SEL. SEL. SEL. 47800 PETALING JAYA SEL. 

TEL:03-5121 0024/5122 2461 TEL:03-6064 5160/6064 1276 TEL:03-3289 7200/3289 1754 TEL:03-7728 9379/7726 3992 

FAX:03-5122 9241 FAX:03-6064 2536 FAX:03-3289 3709 FAX:03-7728 0004 

PANDAMARAN SSC PANDAN INDAH SSC PANDAN JAYA SSC PETALING JAYA MAIN SSC 

NO 188 & 190, L1-03,L1-06,L2-03,LEVEL 1 &2 16 & 16A, NO 50 - 52 

JLN BATU UNJUR 1 MENARA MAXISEGAR, JALAN PANDAN 3/6A JALAN SULTAN (52/4) 

BAYU PERDANA, JALAN PANDAN INDAH 4/2, TAMAN PANDAN JAYA 46200 PETALING JAYA 

41200 KLANG SEL. 55100 PANDAN INDAH SEL. 55100 PANDAN JAYA SEL. SEL. 

TEL:03-3323 0669/3323 0179 TEL:03-4297 4844/4297 4846 TEL:03-9286 1908/9286 1909 TEL:03-7956 0672/7958 1343 

FAX:03-3323 0710 FAX:03-4297 4842 FAX:03-9282 2019 FAX:03-7957 2980 

PJ OLD TOWN SC PORT KLANG SSC PUCHONG JAYA SSC PUCHONG PRIMA SSC 

NO 29 NO 60 - 64 NO. 7, H-01-09&10,H-02-13&14, 

JALAN OTHMAN 3/14 PERSIARAN RAJA JALAN KENARI 1 GROUND & 1ST FLR BLOK H 

PETALING JAYA MUDA MUSA, BANDAR PUCHONG JAYA PUSAT PERDAGANGAN 

46200 SEL. 42000 PORT KLANG SEL. 47100 PUCHONG SEL. PUCHONG, JLN PRIMA 5/4, 

TEL:03-7781 4904/7783 8652 TEL:03-3168 0212/3168 2626 TEL:03-5882 0179/5882 0270 47100 PUCHONG SEL. 

FAX:03-7784 4726 FAX:03-3167 3425 FAX:03-5882 0276 TEL:03-8061 0921/8061 7501 

FAX:03-8060 2496 FAX:03-8060 2496 

PULAU KETAM SC PUTRAJAYA SSC PUTRA INDAH SSC RAWANG SSC 

NO 80K ARAS 1, BLK C 7, PARCEL C G-M FLR WISMA SSP, NO 17, JALAN 

JALAN SEKOLAH PUSAT PENTABIRAN 1 JALAN SR 8/3, BANDAR RAWANG 2 

PULAU KETAM KERAJAAN PERSEKUTUAN SERDANG JAYA, SECTION 8, BANDAR BARU RAWANG 

42940 PULAU KETAM SEL. 62502 PUTRAJAYA SEL. 43300 SERI KEMBANGAN SEL. 48000 RAWANG SEL. 

TEL:03-3110 4506/3110 4794 TEL:03-8889 5172/8889 5173 TEL:03-8948 8237 TEL:03-6091 9092/6091 6729 

FAX:03-3110 4603 FAX:03-8888 0308 FAX:03-8948 3293 FAX:03-6091 6820 

SABAK BERNAM SSC SEA PARK SSC SECTION 14 PJ SSC SECTION 18 SHAH ALAM SSC 

NO 29 & 31 NO 1, NO 18A, 44,46 & 48, 

JALAN MENTERI JALAN 21/11A JALAN 14/14, JALAN PINANG C 18/C 

SABAK BERNAM SEA PARK 46100 PETALING JAYA SEL. SECTION 18, 

45200 SEL. 46300 PETALING JAYA SEL. TEL:03-7960 7977 40200 SHAH ALAM SEL. 

TEL:03-3216 1377/3216 1388 TEL:03-7876 3994/7876 9654 FAX:03-7956 5001 TEL:03-5542 1536/5543 2690 

FAX:03-3216 2670 FAX:03-7875 2064 FAX:03-5542 1534 

SECTION 20 SHAH ALAM SSC SEKINCHAN SSC SELAYANG JAYA SSC SEMENYIH SSC 

NO.19 &21, NO 82 - 83, NO 2-4-6, NO 3 

JALAN SINGA C, 20/C JALAN RIA, JALAN SJ 14, JALAN PASAR 2, 

SECTION 20, SEKINCHAN SELAYANG JAYA BANDAR SEMENYIH 

40000 SHAH ALAM SEL. 45400 SEL. 68100 BATU CAVES SEL. 43500 SEMENYIH, SELANGOR 

TEL:03-5032 0828/5032 0829 TEL:03-3241 1869/3241 0351 TEL:03-6138 0877 TEL:03-8723 8613/8723 8612 

FAX:03-5032 0088 FAX:03-3241 0559 FAX:03-6138 8831 FAX:03-8723 9179 

SHAH ALAM SSC SS2 JALAN SS2/63 SSC SUBANG JAYA SSC SULTAN ABD AZIZ SHAH 

10, PERSIARAN NO 8 & 10 C8-C10, AIRPORT SSC 

PERBANDARAN JALAN SS2/63 JALAN SS15/4D GROUND FLOOR, KOMPLEKS 

SECTION 14 PETALING JAYA SUBANG JAYA TERMINAL 3, SULTAN ABDUL 

40000 SHAH ALAM SEL. 47300 SEL. 47500 SUBANG JAYA SEL. AZIZ SHAH AIRPORT, 

TEL:03-5519 1155/5513 2586 TEL:03-7873 0275/7873 8629 TEL:03-5633 9015/9023/8766 47200 PETALING JAYA SEL. 

FAX:03-5510 3005 FAX:03-7876 4399 FAX:03-5634 1918 TEL:03-7846 1445/7846 4316 

FAX:03-7846 2566 

SUNGAI BESAR SSC SUNGAI BULOH SSC TAMAN BUKIT EMAS SSC TAMAN KINRARA SSC 

NO 30E & 32E NO 354 & 355, NO 93 & 95, NO 12&13 JALAN TK 1/11A, 

JALAN MAHSURI JALAN 1A/3, BANDAR JALAN SS 25/2 BATU 7 1/2 JALAN PUCHONG 

SUNGAI BESAR BARU SUNGAI BULOH TAMAN BUKIT EMAS TAMAN KINRARA SECTION 1 

45300 SEL. 47000 SUNGAI BULOH SEL. 47301 PETALING JAYA SEL. 58200 SEL. 

TEL:03-3224 6928/3324 6504 TEL:03-6156 2722 TEL:03-7880 4736/7803 1347 TEL:03-8070 1646/8070 1804 

FAX:03-3224 1199 FAX:03-6157 1448 FAX:03-7803 6169 FAX:03-8070 3064 



TAMAN MELAWATI SSC TAMAN PUTRA SSC TAMAN SERI GOMBAK SSC TAMAN SRI SERDANG SSC 

NO 209 - 10, 9 & 11, JALAN NO 11 - 13, LOTS 231 - 3, 

JALAN NEGARA 2 BUNGA TANJUNG 9C JALAN SG 3/14, JALAN 18/23 

TAMAN MELAWATI TAMAN PUTRA, TAMAN SERI GOMBAK TAMAN SERI SERDANG 

53100 SEL. 68000 AMPANG SEL. 68100 BATU CAVES SEL. 43300 SERI KEMBANGAN SEL. 

TEL:03-4105 6292/4107 8473 TEL:03-4280 7961/4291 0407 TEL:03-6187 9037 TEL:03-8942 6190/8943 9867 

FAX:03-4108 2260 FAX:03-4291 6672 FAX:03-6187 2545 FAX:03-8948 0777 

TANJONG KARANG SSC TECHNOLOGY PARK SSC TTDI JAYA SSC UEP SUBANG JAYA SSC 

NO 18 -20 LOT G-1&2,GROUND FLOOR 3 & 5, JALAN 1/4 NO 66, 

JALAN BESAR SUPPORT SERVICE BUILDING SECTION U2, JALAN USJ 10/1B 

TANJONG KARANG TECHNOLOGY PARK M'SIA TTDI JAYA UEP SUBANG JAYA 

45500 SELANGOR HIGHWAY PUCHONG-SG. BESI 40000 SHAH ALAM SEL. 47620 SUBANG JAYA SEL. 

TEL:03-3269 8037/3269 5886 57000 BUKIT JALIL SEL. TEL:03-7847 2235/7847 2236 TEL:03-5631 0493/5631 0494 

FAX:03-3269 5840 TEL:03-8996 4596/8996 1070 FAX:03-7847 2242 FAX:03-5635 0881 

FAX:03-8996 1073 

USJ SUBANG JAYA SSC WISMA CONSPLANT SSC 

NO 39, 

G02, EAST WING 

JALAN USJ 10/1G 

WISMA CONSPLANT 

USJ SUBANG JAYA 

2, JALAN SS16/4, 

47620 SUBANG JAYA SEL. SUBANG JAYA 

TEL:03-5632 6351 

47500 SEL. 

FAX:03-5631 7027 TEL:03-5637 0873/5637 4634 

FAX:03-5632 5096 

MELAKA 

ALOR GAJAH SSC JASIN SSC JLN MUNSHI ABDULLAH SSC MASJID TANAH SSC 

4772 - AG, GRD FLR&M.FLR, BGN UMNO NO 171 - 175, SU 942 - 944, JALAN BANDAR 

JALAN SIMPANG EMPAT LOT 20, JALAN KESANG JALAN MUNSHI BARU 6, TAMAN BDR BARU, 

ALOR GAJAH JASIN ABDULLAH MASJID TANAH 

78000 MELAKA 77000 MELAKA 75000 MELAKA 78300 MELAKA 

TEL:06-556 9106/556 4245 TEL:06-529 1284/529 2072 TEL:06-286 3394/292 5785 TEL:06-384 2282/384 2060 

FAX:06-556 1742 FAX:06-529 4669 FAX:06-284 0625 FAX:06-384 9227 

MELAKA MAIN SSC MERLIMAU SSC TAMAN MALIM JAYA SSC TAMAN MELAKA RAYA SSC 

114 & 114A, JB1, JALAN DEBUNGA 1, NO 138 - 142, NO. 225, 226 & 227, 

GRAHA PELADANG TAMAN DEBUNGA JALAN SURIA 2 TAMAN MELAKA JAYA 

JALAN HANG TUAH MERLIMAU TAMAN MALIM JAYA JALAN BANDAR HILIR 

75300 MELAKA 77300 MELAKA 75250 MELAKA 75000 MELAKA 

TEL:06-282 0554/282 5373 TEL:06-263 1008/263 1339 TEL:06-334 1559/335 2606 TEL:06-281 7766 

FAX:06-283 8126 FAX:06-263 2748 FAX:06-334 1578 FAX:06-284 4499 

NEGERI SEMBILAN 

BAHAU SSC GEMAS SSC GEMENCHEH SC KUALA KLAWANG SSC 

NO 58 - 60, NO 4 & 5, LOTS: 3235 - 7, 121,JLN KEYSER,WISMA UMNO 

JALAN BESAR JALAN TAMPIN GEMENCHEH BARU JLN DATO' MOYANG SALLEH 

BAHAU GEMAS GEMENCHEH KUALA KLAWANG 

72100 NEGERI SEMBILAN 73400 NEGERI SEMBILAN 73200 NEGERI SEMBILAN 71600 NEGERI SEMBILAN 

TEL:06-454 1137/454 2958 TEL:07-948 5375/948 2776 TEL:06-431 6263/431 6279 TEL:06-613 6344/613 6419 

FAX:06-454 4927 FAX:07-948 2752 FAX:06-431 7335 FAX:06-613 7660 

KUALA PILAH SSC MANTIN SSC NILAI SSC PORT DICKSON SSC 

NO 95 - 96, 1, JALAN BESAR PT 4768&4769, JLN TS 1/19 NO 409, 

JLN DATO' UNDANG JOHOL KAWASAN HIJAU TAMAN SEMARAK JALAN BARU 

KUALA PILAH MANTIN NILAI PORT DICKSON 


TEL:06-484 1873/481 1128 TEL:06-758 1266/758 1267 TEL:06-799 4172/799 1354 TEL:06-647 3913/647 1263 

FAX:06-481 5906 FAX:06-758 3160 FAX:06-799 3314 FAX:06-647 5380 



RAHANG SSC SENAWANG SSC SEREMBAN SSC SEREMBAN 2 SSC 

NO 56 & 57 NO 73&74 JALAN TAMAN NO 166 - 169, NO 36 & 37, 

JALAN TUANKU ANTAH KOMERSIL SENAWANG 4, JLN DATO' BANDAR TUNGGAL JALAN S2 B18 BIZ AVENUE, 

SEREMBAN TMN KOMERSIAL SENAWANG SEREMBAN SEREMBAN 2, 


TEL:06-763 7082/763 5142 TEL:06-679 4327/679 4330 TEL:06-764 4102/765 5953 TEL:06-601 2166/601 2184 

FAX:06-763 3052 FAX:06-679 4329 FAX:06-763 3340 FAX:06-601 2207 

PERAK 

BAGAN SERAI SSC BATU GAJAH SSC BERCHAM SSC BIDOR SSC 

100 LOT 1 & 2 239 - 241 NO 16-17 

JALAN BESAR JALAN PEJABAT POS JALAN BERCHAM, BERCHAM JALAN PERSATUAN 

BAGAN SERAI BATU GAJAH 31400 IPOH BIDOR 

34300 PERAK 31000 PERAK PERAK 35500 PERAK 

TEL:05-721 2714/721 1262 TEL:05-366 1445/366 4066 TEL:05-545 4288 TEL:05-434 0036/434 2500 

FAX:05-721 1252 FAX:05-366 2888 FAX:05-545 7388 FAX:05-434 3752 

CAMERON HIGHLANDS SSC GRIK SSC GUNUNG RAPAT SC HUTAN MELINTANG SSC 

69-70 GRD FLR UMNO BUILDING 57 & 59, 1-AZ LRG 1, TMN WAWASAN 

PERSIARAN CAMELLIA 4 JALAN SULTAN ISKANDAR JALAN SELASAR ROKAM II, SIMPANG EMPAT 

TANAH RATA GRIK TMN IPOH JAYA, IPOH HUTAN MELINTANG 

39000 PERAK 33300 PERAK 31350 PERAK 34600 PERAK 

TEL:05-491 4546/491 4769 TEL:05-791 1125/791 1278 TEL:05-312 9129/312 8351 TEL:05-642 1125/642 1126 

FAX:05-491 2560 FAX:05-791 2778 FAX:05-312 7623 FAX:05-641 4017 

IPOH GARDEN SSC IPOH MAIN JELAPANG SSC JLN SULTAN IDRIS SHAH SSC 

NO 112, BGN MAYBAN TRUST 277 - 281, GRD FLR 194 - 206, 

JALAN CANNING ESTATE 28, JLN TUN SAMBANTHAN JALAN SILIBIN JALAN SULTAN IDRIS 

IPOH GARDEN 30000 IPOH IPOH IPOH 

IPOH 31400 PERAK PERAK 30100 PERAK 30000 PERAK 

TEL:05-547 4561/547 4642 TEL:05-243 1287/243 8940 TEL:05-528 6196/527 3897 TEL:05-241 4904/241 5552 

FAX:05-547 9813 FAX:05-253 7262 FAX:05-526 6287 FAX:05-253 9549 

KAMPAR SSC KAMPONG KOH SC KAMUNTING SSC KLEBANG SSC 

154 - 156, 82A JALAN BESAR 13,JALAN MEDAN SAUJANA NO 16 & 18 

JALAN GOPENG KAMPONG KOH TAMAN MEDAN SAUJANA, LALUAN KLEBANG RESTU 2, 

KAMPAR 32000 SITIAWAN 34600 KAMUNTING MEDAN KLEBANG RESTU 

31900 PERAK PERAK TAIPING, PERAK 31200 CHEMOR PERAK 

TEL:05-466 5088/466 5188 TEL:05-691 2211/691 2108 TEL:05-806 9886 TEL:05-291 9133/291 6133 

FAX:05-465 3272 FAX:05-691 9498 FAX:05-806 9881 FAX:05-291 2163 

KOMPLEKS K'JAAN IPOH SC KUALA KANGSAR SSC LANGKAP SSC LENGGONG SC 

KOMPLEKS JAB. KERAJAAN 68 - 70, NO. 20, MAIN ROAD, 

IPOH, JALAN PANGLIMA JLN RAJA BENDAHARA JALAN SILANG 33400 LENGGONG 

BUKIT GANTANG FASA II BANDAR BARU LANGKAP PERAK 

30000 PERAK KUALA KANGSAR 33000 PERAK 36700 PERAK TEL:05-767 7200/767 7419 

TEL:05-253 3491/255 4802 TEL:05-776 1649 TEL:05-659 6301/659 6305 FAX:05-767 8203 

FAX:05-253 3490 FAX:05-776 5342 FAX:05-659 5348 

LUMUT SSC MALIM NAWAR SC MENGLEMBU SSC PANTAI REMIS SSC 

NO 10 26A, JALAN TRANCHELL LOTS 2725 - 6, 

JALAN SULTAN IDRIS SHAH JALAN BESAR IPOH JALAN BESAR 

LUMUT MALIM NAWAR 31450 PERAK PANTAI REMIS 

32200 PERAK 31700 PERAK TEL:05-282 0196/282 2076 34900 PERAK 

TEL:05-683 5875/683 5731/ TEL:05-477 4580/477 4581 FAX:05-281 5602 TEL:05-677 2601/677 1446 

683 4002 FAX:05-477 4684 FAX:05-677 1127 

FAX:05-683 5825 

PARIT BUNTAR SSC PASIR PUTIH SSC PENGKALAN HULU SC PENGKALAN SC 

NO. 21 - 23, 191 - 193, 10A, JALAN ISKANDAR NO. 129 & 131, 

JLN DAMAI, TAMAN DAMAI, JALAN PASIR PUTIH 33100 PENGKALAN HULU JALAN PENGKALAN BARAT 

BDR BARU PARIT BUNTAR IPOH PERAK TAMAN SHATIN BARAT 

34200 PERAK 31650 PERAK TEL:04-477 8389/477 8389 31650 IPOH, PERAK 

TEL:05-716 7740/716 0582 TEL:05-242 6739/254 1303 FAX:04-477 8561 TEL:05-323 4969/322 6988 

FAX:05-716 0130 FAX:05-255 3737 FAX:05-321 9188 



PST P'DGAN GREENTOWN SSC PULAU PANGKOR SC SELAMA SC SITIAWAN SSC 

NO 2, 4 & 6 NO 18, MAIN ROAD, GROUND & 1ST FLOOR 

PERSIARAN GREENTOWN 1, JALAN BESAR 34100 SELAMA NO.5,PERSIARAN PM 2/2, 

PST P'DGAN GREENTOWN 32300 PANGKOR PERAK PUSAT BDR SRI MANJUNG 

30450 PERAK PERAK TEL:05-839 4212/ 839 4568 SECTION 2 

TEL:05-254 1355/254 1362 TEL:05-685 1494/685 1493 FAX:05-839 4292 32040 SRI MANJUNG,PERAK 

FAX:05-253 8768 FAX:05-685 2458 TEL:05-688 6510/688 6518 

FAX:05-688 6615 

SLIM RIVER SSC SUNGAI SIPUT SSC TAIPING SSC TANJONG MALIM SSC 

624 - 6 JALAN BESAR NO 16, JALAN CHONG AH PENG 

JALAN AHMAD BOESTAMAN SUNGAI SIPUT UTARA JLN PANGGONG WAYANG TANJONG MALIM 

35800 SLIM RIVER 31100 PERAK TAIPING 35900 PERAK 

PERAK TEL:05-597 2841/597 5821 34000 PERAK TEL:05-459 6328 

TEL:05-452 0884/452 8205 FAX:05-598 2188 TEL:05-807 2660/805 6598 FAX:05-459 6758 

FAX:05-452 9282 FAX:05-808 0666 

TAPAH SSC 

TELUK INTAN SSC 

JALAN BESAR 

MEDAN MAHKOTA 

TAPAH 

JALAN AH CHENG 

35000 PERAK TELOK INTAN 

TEL:05-403 4101/403 4103 36000 PERAK 

FAX:05-401 3016 TEL:05-625 1105 /625 1108 

FAX:05-625 1107 

JOHOR 

BANDAR TENGGARA SC BATU PAHAT SSC BDR BARU PERMAS JAYA SSC FELDA AIR TAWAR SC 

1B, JALAN TUN ABDUL JALIL, 32 - 4, G-01, 01-01 & 02-01 KEDAI FELDA 

PUSAT BANDAR, JALAN RAHMAT BLOK A1, PERMAS MALL RANCANGAN FELDA 

BANDAR TENGGARA BATU PAHAT NO 3, JALAN PERMAS UTARA, AIR TAWAR 5, 81920 

81000 KULAI JOHOR 83000 JOHOR BDR BARU PERMAS JAYA KOTA TINGGI, JOHOR 

TEL:07-896 1332/896 1324 TEL:07-431 7119/434 1441 81750 MASAI JOHOR TEL:07-895 3641/895 3640 

FAX:07-896 1354 FAX:07-431 2777 TEL:07-388 1048/388 1205 FAX:07-895 3640 

FAX:07-386 1203 

JALAN GENUANG SC JALAN LARKIN SSC JALAN SEGGET SSC JALAN SULAIMAN 

NO 62J & 62K, 113 - 5, NO 49A MUAR SSC 

JALAN GENUANG JLN GLASIAR, TAMAN TASEK JALAN SEGGET NO 57-1 & 57-2, 

SEGAMAT 80200 JOHOR BAHRU 80000 JOHOR BAHRU JALAN SULAIMAN 

85000 JOHOR JOHOR JOHOR MUAR 

TEL:07-932 0081 TEL:07-238 3626/238 9604 TEL:07-224 4930/223 0067 84000 JOHOR 

FAX:07-236 0659 FAX:07-221 4131 TEL:06-953 8128/951 7390 

FAX:06-951 9395 

JALAN TEBRAU SSC JALAN ZABEDAH JOHOR BAHRU KOTARAYA SC JOHOR BAHRU MAIN 

69 - 75, BATU PAHAT SSC 43A & 43B,ARAS ABDULLAH LOT 1-22, LEVEL 3, 

JALAN MERANTI MERAH NO 84, IBRAHIM, PLAZA KOTA RAYA, J.B CITY CENTRE, 106 - 108, 

KEBUN TEH' JALAN RAHMAT JALAN ABDULLAH IBRAHIM JALAN WONG AH FOOK 

80250 JOHOR 83000 BATU PAHAT 80000 JOHOR 80000 JOHOR 

TEL:07-332 7960/333 2989 JOHOR TEL:07-227 3803/228 2432 TEL:07-228 2419/228 2406 

FAX:07-331 8334 TEL:07-431 6844/431 6822 FAX:07-223 3821 FAX:07-224 4978 

FAX:07-431 8555 

JOHOR BAHRU SC KELAPA SAWIT SC KLUANG SSC KOTA TINGGI SSC 

NO 11, 21 & 22, JALAN SUSUR SATU, 30 - 34, NO 18&19 

JALAN SELAT TEBRAU BATU 26, JALAN AIR HITAM JALAN DATO HAJI HASSAN JALAN NIAGA SATU, 

80000 JOHOR BAHRU KELAPA SAWIT 86000 KLUANG PUSAT PERDAGANGAN 

JOHOR 81030 JOHOR JOHOR 81900 KOTA TINGGI JOHOR 

TEL:07-227 5211/228 2430 TEL:07-652 5384/652 1159 TEL:07-771 6228/772 9915 TEL:07-883 2112/883 3268 

FAX:07-221 3298 FAX:07-652 1160 FAX:07-772 3321 FAX:07-883 2868 



KULAI SSC LABIS SSC LAYANG-LAYANG SC MASAI SSC 

146 - 7, NOS: 7/1, 7/2 & 7/3, NO 1 & 3, JALAN SUTERA 1, 17 JALAN SURIA 3, 

JALAN RAYA JALAN YONG PENG TAMAN MEWAH BANDAR SERI ALAM 

81000 KULAI 85300 LABIS 81850 LAYANG-LAYANG 81750 MASAI 

JOHOR JOHOR JOHOR JOHOR 

TEL:07-663 4372/663 7852 TEL:07-925 2022/925 1621 TEL:07-752 6485 TEL:07-251 1966/251 5411 

FAX:07-663 8466 FAX:07-925 5133 FAX:07-752 6491 FAX:07-251 9858 

MERSING SSC MUAR SSC PAGOH SC PALOH SC 

22 - 4, NO 104, NO 174 - 1, NO 2, 

JALAN ISMAIL JALAN ABDULLAH JALAN SEKOLAH CINA JALAN TEMENGGONG 

86800 MERSING MUAR 84600 PAGOH PALOH 

JOHOR 80400 JOHOR JOHOR 86600 JOHOR 

TEL:07-799 1242/799 1611 TEL:06-954 0459/953 4036 TEL:06-974 6376/974 6051 TEL:07-781 2766/781 2767 

FAX:07-799 1187 FAX:07-952 3550 FAX:06-974 6713 FAX:07-781 2737 

PARIT JAWA SC PARIT RAJA SSC PASIR GUDANG SSC PEKAN NENAS SSC 

NO 170, NO 1 & 3 14 PUSAT PERDAGANGAN, 3 - 4, 

JALAN OMAR JALAN CEMPAKA 1 JALAN BANDAR JALAN JOHOR 

84150 PARIT JAWA TMN BUNGA CEMPAKA BIRU 81700 PASIR GUDANG 81500 PEKAN NENAS 

JOHOR 86400 PARIT RAJA, JOHOR JOHOR JOHOR 

TEL:06-987 4410/987 4411 TEL:07-454 4300/454 4600 TEL:07-251 4778/251 4696 TEL:07-699 1049/699 2700 

FAX:06-987 3640 FAX:07-454 1300 FAX:07-251 1820 FAX:07-699 1773 

PONTIAN KECHIL SSC RENGIT SSC SEGAMAT SSC SENAI SSC 

704 - 706, LOT 10, UMNO BUILDING NO 136 & 137 

JALAN ALSAGOFF JALAN MUHIBBAH JALAN AWANG JALAN SENAI UTAMA 5/17 

PONTIAN KECHIL 83100 RENGIT SEGAMAT 81400 SENAI 

82000 PONTIAN JOHOR JOHOR 85000 JOHOR JOHOR 

TEL:07-687 7028/687 1271 TEL:07-424 1320/424 1322 TEL:07-931 3534/931 7782 TEL:07-598 6233/599 8533 

FAX:07-687 0957 FAX:07-424 1677 FAX:07-931 5112 FAX:07-598 2533 

SIMPANG RENGGAM SSC SKUDAI SSC SUNGAI RENGIT SC TAMAN DAYA SSC 

1 - 2, JALAN KIJANG 18 - 20, 7, JALAN PASAR 18 & 20, 

TAMAN MOHD YASSIN JALAN PERWIRA 17 SUNGAI RENGIT JALAN SAGU 8, 

SIMPANG RENGGAM TAMAN UNGKU TUN AMINAH PENGERANG TAMAN DAYA 

86200 JOHOR 81300 SKUDAI JOHOR 81620 JOHOR 81100 JOHOR 

TEL:07-755 3855/755 6499 TEL:07-558 1251/556 3944 TEL:07-826 3030/826 3466 TEL:07-356 2805/356 2804 

FAX:07-755 0749 FAX:07-556 0171 FAX:07-826 3161 FAX:07-356 2809 

TAMAN INTAN SC TAMAN JOHOR JAYA SSC TAMAN MOLEK SSC TAMAN NUSA BESTARI SSC 

37, JALAN INTAN 2/1 85 - 87, NO 47 & 49 NO 15 

TAMAN INTAN JALAN DEDAP 6 JALAN MOLEK 3/1, JALAN BESTARI, 

86000 KLUANG TAMAN JOHOR JAYA TAMAN MOLEK 1/5 TAMAN NUSA BESTARI 

JOHOR 81100 JOHOR 81100 JOHOR 81300 SKUDAI JOHOR 

TEL:07-774 5401/774 4035 TEL:07-358 5100/355 2875 TEL:07-351 4568/351 4571 TEL:07-512 1735/512 7830 

FAX:07-772 9439 FAX:07-354 5657 FAX:07-351 4573 FAX:07-512 6818 

TAMAN PELANGI SSC TAMAN PERLING SC TAMAN SENTOSA SC TAMAN TUN AMINAH SC 

10 & 12, 17 & 19, NO. 15, 11 JALAN PENDEKAR 2, 

JALAN PINGAI JALAN PERSISIRAN PERLING JALAN SULAM TAMAN UNGKU TUN AMINAH 

TAMAN PELANGI TAMAN PERLING TAMAN SENTOSA 81300 SKUDAI 

80400 JOHOR 81200 JOHOR 80150 JOHOR JOHOR 

TEL:07-335 4735/331 5784 TEL:07-238 5275/238 5273 TEL:07-334 8500/331 9262 TEL:07-558 3316/558 3314 

FAX:07-334 7267 FAX:07-238 6679 FAX:07-334 4377 FAX:07-558 3317 

TAMAN UNIVERSITY SSC TAMPOI SSC TANGKAK SSC ULU TIRAM SC 

NO. 1, KEBUDAYAAN 4 NO 59, 10 - 11, NO 4 - 5, 

TAMAN UNIVERSITY JALAN SRI BAHAGIA LIMA, JALAN MUAR JALAN RAYA 

SKUDAI TAMAN SERI BAHAGIA 84900 TANGKAK TAMAN TIRAM BARU 

81300 JOHOR TAMPOI 81250 JOHOR JOHOR 81800 JOHOR 

TEL:07-521 4560/521 3868 TEL:07-237 3539/237 3408 TEL:06-978 1269/978 3341 TEL:07-861 2662 

FAX:07-521 4562 FAX:07-237 1825 FAX:06-978 4968 FAX:07-861 2661 



YONG PENG SSC 

216 & 218, JLN BESAR 

TAMAN SEMBRONG BARU 

83700 YONG PENG 

JOHOR 

TEL:07-467 5809/467 5807 

FAX:07-467 2455 

PENANG 

ALMA SC AYER ITAM SC BALIK PULAU SSC BAYAN BARU SC 

2873 &2874, NO. 48 & 50, NO 2, 38, JALAN TENGAH 

PUSAT PERNIAGAAN ROZHAN LINTANG ANGSANA JALAN QUAH SIN KHENG TAMAN SRI TUNAS 

JALAN ROZHAN, ALMA BANDAR BARU AYER ITAM 11000 BALIK PULAU 11950 BAYAN BARU 

14000 BUKIT MERTAJAM 11500 AYER ITAM PENANG PENANG PENANG 

PENANG TEL:04-829 0473/829 1630 TEL:04-866 8255/866 9654 TEL:04-641 3684/641 3685 

TEL:04-551 3868/551 3866 FAX:04-829 1537 FAX:04-866 0642 FAX:04-641 3690 

FAX:04-551 3873 

BAYAN LEPAS SSC BERTAM SSC BUKIT MERTAJAM SSC BUTTERWORTH SSC 

1-2-25, 1-2-26, 1-1-28 NO 1 LRG BERTAM INDAH 4/9, NO. 447, 448 & 449, 4277, 

& 1-2-28 TAMAN BERTAM INDAH JALAN PERMATANG RAWA BAGAN LUAR ROAD 

I-AVENUE, MEDAN KAMPUNG 13200 KEPALA BATAS, BANDAR PERDA 12000 BUTTERWORTH 

RELAU 1, BAYAN LEPAS SEBERANG PRAI, PENANG 14000 BUKIT MERTAJAM PENANG 

11900 PENANG TEL:04-579 2825/579 2269 PENANG TEL:04-333 7185/333 7186 

TEL:04-641 0052/641 0051 FAX:04-579 3317 TEL:04-538 0006/538 0002 FAX:04-331 0715 

FAX:04-641 0060 FAX:04-538 0003 

CAMPBELL STREET SC C.P.I BAGAN B'WORTH SSC C.P.I GEORGETOWN SSC DATO KRAMAT SSC 

NO 50, NO. 4776 & 4777, GROUND & 2ND FLOOR, 647 - 9, 

CAMPBELL JALAN BAGAN LUAR NO. 72, JALAN DATO 

STREET 12000 BUTTERWORTH LEBOH BISHOP KRAMAT 

10100 PENANG PENANG 10200 PENANG 10460 PENANG 

TEL:04-261 3698/261 3803 TEL:04-332 4461/332 4466 TEL:04-263 0875/262 0404 TEL:04-226 2627/226 2936 

FAX:04-263 0168 FAX:04-264 3387 FAX:04-228 4484 

GELUGOR SSC GREENLANE SSC JALAN ONG YI HOW SSC JELUTONG SSC 

345 - H, NO 10-D, NO 6993, 552 - 556, 

BANGUNAN KELAB GELUGOR JALAN MASJID NEGERI JALAN ONG YI HOW JALAN JELUTONG, 

JALAN SULTAN AZLAN SHAH 11600 GEORGETOWN 13450 BUTTERWORTH 11600 JELUTONG 

11700 PENANG PENANG PENANG PENANG 

TEL:04-657 5729/659 1308 TEL:04-829 2299/826 1027 TEL:04-310 1251/310 1252 TEL:04-657 3477/657 3400 

FAX:04-658 2797 FAX:04-829 9955 FAX:04-323 7546 FAX:04-658 8572 

JURU SSC KAMPUNG BARU SSC NIBONG TEBAL SSC PENANG MAIN OFFICE SSC 

1797-G-1,KOMP. AUTOWORLD 38 - C, D & E 3615 - 6, NO 9, 

JALAN PERUSAHAAN JALAN AIR ITAM JALAN CHE AHMAD LEBUH UNION 

JURU INTERCHANGE 11500 PENANG BANDAR NIBONG TEBAL P.O.BOX 297 

13600 PRAI, PENANG TEL:04-828 4728/828 4931 14300 PENANG 10200 PENANG 

TEL:04-507 0886 FAX:04-829 9598 TEL:04-593 9482/593 1303 TEL:04-262 3278/261 2067 

FAX:04-507 9886 FAX:04-593 3840 FAX:04-262 8162 

PENANG ROAD SSC PLAZA MWE SSC PNG IN'TIONAL AIRPORT SC PRAI INDUSTRIAL SSC 

NO 1, GROUND FLOOR, LOT 101, BASEMENT LEVEL, NO. 2741, 2742 & 2743, 

ARKED RIA SATU PLAZA MWE TERMINAL BUILDING JALAN CHAIN FERRY 

KOMTAR 8, LEBUH FARQUHAR PENANG IN'TIONAL AIRPORT TAMAN INDERAWASIH 

10000 PENANG 10200 PENANG 11900 PENANG 13600 PENANG 

TEL:04-262 0724/262 0723 TEL:04-263 7319/263 6650 TEL:04-645 5761/645 5762 TEL:04-398 6875/399 2967 

FAX:04-262 4654 FAX:04-263 6645 FAX:04-645 5780 FAX:04-390 4451 



PULAU TIKUS SSC RELAU SC SEBERANG JAYA SSC SIMPANG AMPAT SSC 

GROUND FLOOR, NO 9 & 9A, NO. 5, 1637 & 1638, 

CANTON SQUARE JALAN RELAU JALAN TODAK 2 JALAN BUKIT TAMBUN 

56, CANTONMENT ROAD 11900 PENANG BDR BARU SEBERANG JAYA SIMPANG AMPAT 

10250 PENANG TEL:04-644 5321/644 5337 13700 PENANG SEBERANG PERAI SELATAN 

TEL:04-226 2270/226 2476 FAX:04-644 5340 TEL:04-397 1950/397 1948 14100 PENANG 

FAX:04-227 2530 FAX:04-397 1946 TEL:04-588 3582 

FAX:04-588 3586 

SUNGAI DUA SSC TAMAN DESA DAMAI SC TANJUNG BUNGAH SSC 

21 & 23 LORONG MURNI 6, NO. 4177 & 4178, NO 2C-2G, 

TAMAN DESA MURNI JALAN PADANG LALANG AZURIA BUSINESS CENTRE, 

13800 SUNGAI DUA TAMAN DESA DAMAI JALAN LEMBAH PERMAI, 

PENANG 14000 BUKIT MERTAJAM TANJUNG BUNGAH 

TEL:04-356 9201/356 9202 PENANG 11200 PENANG 

FAX:04-356 6911 TEL:04-530 3620/530 3610 TEL:04-899 1277/899 3513 

FAX:04-530 3520 FAX:04-890 3074 

KEDAH 

ALOR STAR SSC BALING SSC GURUN SSC HARBOUR PARK SC 

1535, 63 - D, NO 4&5 LOT G-02, PETRONAS QUAY, 

JALAN SULTAN BADLISHAH JALAN BADLISHAH TAMAN JERAI MAJU TELAGA HABOUR PARK 

05000 ALOR STAR BALING GURUN PANTAI KOK, PULAU 

KEDAH 09100 KEDAH 08300 KEDAH LANGKAWI, 07000 KEDAH 

TEL:04-731 6935/731 5353 TEL:04-470 1257/470 1676 TEL:04-461 9903/461 9904 TEL:04-959 1085/959 1120 

FAX:04-733 1550 FAX:04-470 2363 FAX:04-468 2920 FAX:04-959 1063 

JITRA SSC KODIANG SC KULIM HI-TECH SSC KULIM SSC 

175 & 176, JALAN PJ 7 24G & H, LOT 629 SUITE B2, GROUND FLOOR, NO 254, 

PEKAN JITRA 2, MAIN ROAD KHTP BUSINESS CENTRE JALAN TUNKU PUTRA 

JITRA 06100 KODIANG KULIM HI-TECH PARK 09000 KULIM 

06000 KEDAH KEDAH 09000 KEDAH KEDAH 

TEL:04-916 2248/917 1237 TEL:04-925 0055/925 0036 TEL:04-403 3986/403 3685 TEL:04-490 5785/490 6494 

FAX:04-917 3646 FAX:04-925 6142 FAX:04-403 3682 FAX:04-490 1755 

MERGONG SSC PULAU LANGKAWI SSC SIMPANG KUALA SSC SUNGAI PETANI SSC 

105A & B NO 5 - 11, GRD FLR, NO. 48 & 49, G27, GROUND FLOOR, 

SEBERANG JALAN PUTRA JALAN PANDAK MAYAH 1 PEKAN SIMPANG KUALA CENTRAL SQUARE COMPLEX 

05150 ALOR STAR PUSAT BANDAR KUAH H' WAY SULTAN ABDUL HALIM 23, JALAN KAMPUNG BARU 

KEDAH LANGKAWI 07000 KEDAH 05400 KEDAH 08000 SG. PETANI KEDAH 

TEL:04-732 8027/733 7222 TEL:04-966 6208/966 1195 TEL:04-771 1715/771 2006 TEL:04-421 2511/421 2512 

FAX:04-733 8948 FAX:04-966 7488 FAX:04-771 1050 FAX:04-421 6191 

TAMAN RIA JAYA SSC 

NO 138 & 139, 

JALAN KELAB CINTA SAYANG 

TAMAN RIA JAYA 

08000 SG. PETANI KEDAH 

TEL:04-441 3358/441 2992 

FAX:04-441 3934 

PERLIS 

KANGAR SSC KUALA PERLIS SC PADANG BESAR SC 

UPPER GRD FLR, LOT 24 - 5, JALAN BESAR LOT 1371 - 2, 

MENARA KWSP, PEKAN KUALA PERLIS JALAN PEKAN 

JALAN BUKIT LAGI 02000 KUALA PERLIS,PERLIS 02100 PADANG BESAR 

P.O. BOX 38101700 TEL:04-985 4399/985 4016 PERLIS 

01000 KANGAR, PERLIS FAX:04-985 5199 TEL:04-949 0420/949 1022 

TEL:04-976 4846/976 3419 FAX:04-949 0193 

FAX:04-976 4834 



PAHANG 

BANDAR PUSAT JENGKA SSC BENTONG SSC BUKIT UBI SSC FRASER'S HILL SC 

NO 6 & 7, NO 117 - 8, NO 61 - 65 GRD-FLOOR 

NADI KOTA JALAN LOKE YEW JALAN TUN ISMAIL, P.O. BOX 119SHOPPING ARCADE 

26400 BANDAR JENGKA 28700 BENTONG 25000 KUANTAN 49000 BKT FRASER'S PAHANG 

PAHANG PAHANG PAHANG TEL:09-362 2251 

TEL:09-466 1232/466 1469 TEL:09-222 4594/222 6340 TEL:09-517 9673/517 9679 FAX:09-362 2251 

FAX:09-466 1470 FAX:09-222 5026 FAX:09-515 7462 

GENTING HIGHLANDS SSC JALAN BESERAH SSC JERANTUT SSC KARAK SC 

2ND FLOOR, GENTING HOTEL A 6628, A6630, A6632, NO 2&3 LRG ALAMANDA 1 NO 647, 

BUILDING, POS OFFICE GENTINGJALAN BESERAH TAMAN ALAMANDA KAMPUNG BARU KARAK 

HIGHLANDS, SEL-PHG BORDER 25250 KUANTAN 27000 JERANTUT 28600 KARAK 

69000 GENTING HIGHLANDS PAHANG PAHANG PAHANG 

TEL:03-6101 3236/6101 2433 TEL:09-560 1162/560 1163 TEL:09-260 1822/260 1829 TEL:09-231 1266/231 1235 

FAX:03-6101 1242 FAX:09-566 4007 FAX:09-267 2222 FAX:09-231 2034 

KUALA LIPIS SSC KUALA ROMPIN SSC KUANTAN MAIN SSC MENTAKAB SSC 

NO 92A & 92B, NO 21 & 22, UMNO BUILDING NO 1, 

JALAN BESAR JALAN UTAMA, 1, JALAN HJ ABDUL AZIZ JALAN HAJI KASSIM 

27200 KUALA LIPIS BANDAR BARU ROMPIN 25000 KUANTAN 28409 MENTAKAB 

PAHANG 26800 KUALA ROMPIN,PAHANG PAHANG PAHANG 

TEL:09-312 1146/312 1600 TEL:09-414 0012/414 0015 TEL:09-512 1184/512 1173 TEL:09-277 1151/277 1152 

FAX:09-312 1026 FAX:09-414 5367 FAX:09-514 1622 FAX:09-277 2177 

MUADZAM SHAH SSC TAMAN TAS SSC TEMERLOH SSC TRIANG SSC 

MM 55 - 59, A21&A23, LRG PANDAN A - 73, NO 6 - 7, 

JALAN PERSIARAN DARA PERMAI 2/2,PANDAN PERMAI, JALAN AHMAD SHAH JALAN BANDAR 

MEDAN MEWAH, 26700 JALAN GAMBANG 28000 TEMERLOH 28300 TRIANG 

MUADZAM SHAH, PAHANG 25150 KUANTAN PAHANG PAHANG PAHANG 

TEL:09-452 2089/452 2088 TEL:09-539 6815/539 6992 TEL:09-296 1797/296 1707 TEL:09-255 7936/255 5422 

FAX:09-452 2745 FAX:09-539 7116 FAX:09-296 4643 FAX:09-255 3121 

KELANTAN 

BACHOK SC C.P.I KOTA BHARU SSC GUA MUSANG SSC KOTA BHARU SSC 

LOT 238, LOT 342, NO 45, 3880 - E, 

JALAN PASAR JALAN SULTAN YAHYA PETRA JALAN BESAR JALAN MAHMOOD 

16300 BACHOK 15200 KOTA BHARU 18300 GUA MUSANG 15200 KOTA BHARU 

KELANTAN KELANTAN KELANTAN P.O.BOX 108, KELANTAN 

TEL:09-778 8555/778 0832 TEL:09-741 9562/741 9565 TEL:09-912 1591/912 4200 TEL:09-741 9584 

FAX:09-778 8316 FAX:09-744 7012 FAX:09-912 1232 FAX:09-741 9594 

KUALA KRAI SSC RANTAU PANJANG SC TANAH MERAH SSC TUMPAT SC 

LOTS 1526 - 9 LOT P.T. 192, G - FLOOR, LOTS 103 & 104, 

JLN TENGKU ZAINAL ABIDIN PUSAT PERKEDAIAN BARU UMNO BUILDING JALAN HULU BESAR PASAR, 

18000 KUALA KRAI 17200 RANTAU PANJANG 17500 TANAH MERAH 16200 TUMPAT 

KELANTAN KELANTAN KELANTAN KELANTAN 

TEL:09-966 6335/966 6045 TEL:09-795 0373/795 0459 TEL:09-955 6190/955 6189 TEL:09-725 7480 

FAX:09-966 3893 FAX:09-795 0070 FAX:09-955 6188 FAX:09-725 6399 

WAKAF SIKU SSC 

5493 D & E 

JLN SULTAN YAHYA PETRA 

15200KOTA BHARU 

P.O. BOX 69 KELANTAN 

TEL:09-747 2826/748 5626 

FAX:09-748 7436 



TERENGGANU 

C.P.I KUALA T'GGANU SSC JERTEH SSC K 11284 & K 11285 KEMAMAN SSC 

NO 1 J,KOMPLEKS PERDANA LOTS 405 & 406 TAMAN CUKAI UTAMA K - 118, 

JALAN AIR JERNIH JALAN BESAR JALAN KUBANG KURUS JALAN SULAIMAN 

20300 KUALA TERENGGANU 22000 JERTEH 24000 CUKAI, KEMAMAN 24000 KEMAMAN 

TERENGGANU TERENGGANU TERENGGANU TERENGGANU 

TEL:09-624 6759/624 6758 TEL:09-697 2767/697 1767 TEL:09-850 2134/850 2130 TEL:09-850 2134/850 2130 

FAX:09-624 6908 FAX:09-697 2331 FAX:09-859 5069 FAX:09-859 5069 

KUALA BERANG SC KUALA TERENGGANU SSC PAKA SSC 

LOTS 6312 - 3 NO. 92, NO 8343, 

PEKAN KUALA BERANG JALAN SULTAN ISMAIL JALAN BESAR 

21700 KUALA BERANG 20200 KUALA TRENGGANU 23100 PAKA 

TERENGGANU TERENGGANU TERENGGANU 

TEL:09-681 1378/681 1377 TEL:09-622 1421/622 7533 TEL:09-827 6190/827 6767 

FAX:09-681 2130 FAX:09-623 2067 FAX:09-827 6260 

SABAH 

BANDAR PASARAYA C.P.I SADONG JAYA SSC INANAM SSC JALAN PERPADUAN SSC 

SANDAKAN SSC NO.14-16, BLOK K, 1, PARAMOUNT INDUSTRIAL LOT 6 & 7, 

LOT 92&93, BDR PASARAYA JALAN IKAN JUARA SATU, ESTATE, JALAN KOLOMBONG JALAN PERPADUAN 

4TH MILE NORTH ROAD SADONG JAYA, KARAMUNSING 81100 KOTA KINABALU 88000 KAMPONG AIR 

90020 SANDAKAN SABAH 88100 SABAH SABAH SABAH 

TEL:089-222 528/216 150 TEL:088-244 352/236 842 TEL:088-429 002/429 003 TEL:088-243 825/243 827 

FAX:089-222 534 FAX:088-428 587 FAX:088-223 911 

KARAMUNSING SSC KENINGAU SSC KOTA KINABALU SSC KUDAT SSC 

BANGUNAN MAYBANK, LOTS 11 & 12, BLOCK C 9, BEACH STREET, LOTS 4 - 6, BLOCK 'B' 

NO. 1, LORONG KEMAJUAN FOO LONG SHOPPING 88000 KOTA KINABALU SEDCO NEW SHOPHOUSES 

KARAMUNSING, 88000 COMPLEX SABAH PEKAN TOMBORUNGUS 

KOTA KINABALU SABAH 89000 KENINGAU SABAH TEL:088-254 641 89050 KUDAT SABAH 

TEL:088-258 340/246 194 TEL:087-341 276/333 319 FAX:088-224 505 TEL:088-611 145/612 977 

FAX:088-252 190 FAX:087-334 491 FAX:088-612 407 

KUNAK SC LABUAN SSC LAHAD DATU SSC LINTAS SQUARE SSC 

LOTS 28 & 29, LOT E005, GRD FLR PODIUM MDL NO: 1280 - 2, NO 27 BLOCK D, 

BGN KEDAI SAPANG FINANCIAL PARK, LABUAN BLOCK 24, JALAN LILY JALAN LINTAS 

JALAN KUNAK COMPLEX, JALAN MERDEKA 99100 LAHAD DATU 88300 LINTAS SQUARE 

91207 SABAH 87000 WILAYAH SABAH SABAH 

TEL:089-851 801/851 800 PERSEKUTUAN LABUAN TEL:089-881 934/880 934 TEL:088-235 632/235 622 

FAX:089-851 802 TEL:087-443 390/582 388 FAX:089-887 145 FAX:088-254 362 

FAX:087-414 998 

PUTATAN SSC SAHABAT SC SANDAKAN SSC SEMPORNA SSC 

GRD&1ST FLR, LOT 10&11, LOT. NO.4 (A&B),BLK C, NO 48, BLOCK 1, 

PUTATAN COURT SQUARE PUSAT KOMERSIL JALAN TIGA LOT NO: 7 

PHASE 11, LRG PUTATAN 1 FELDA CENDERAWASIH, 90000 SANDAKAN 91300 SEMPORNA 

88200 SABAH FELDA SAHABAT P.O. BOX SABAH SABAH 

TEL:088-761 251/761 760 91100 LAHAD DATU SABAH TEL:089-224 068/273 177 TEL:089-785 393/784 852 

FAX:088-764 535 TEL:089-811 997/811 998 FAX:089-272 979 FAX:089-781 680 

FAX:089-811 996 

SIPITANG SSC 

TAWAU SSC 

1 & 2, 262 - 264, FAJAR COMPLEX 

JALAN BALAI 

JALAN MAHKAMAH 

89850 SIPITANG 91000 TAWAU 

SABAH 

P.O. BOX 260 SABAH 

TEL:087-821 757/822 842 TEL:089-757 307/753 127 

FAX:087-821 577 FAX:089-763 355 



SARAWAK 

7TH MILE BAZAAR SSC BAU SC BINTULU SSC BOULEVARD SSC 

LOT 1949 - 1951, GRD FLR NO 80 - 82, NO 24 - 25, LOTS 2429 & 2430 

KOTA SENTOSA, BATU 7, JALAN TEMENGGONG SALAU NEW COMMERCIAL CENTRE BOULEVARD CENTRE 

JALAN PENRISSEN BAU 97000 BINTULU PO BOX 104 JALAN PERMAISURI PUJUT 

93250 KUCHING SARAWAK 94000 SARAWAK SARAWAK 98000 MIRI SARAWAK 

TEL:082-617 044/628 812 TEL:082-763 398/764 669 TEL:086-310 322/333 211 TEL:085-433 822 

FAX:082-616 250 FAX:082-763 400 FAX:082-332 843 FAX:085-432 758 

C.P.I AL-IDRUS SSC JALAN PENDING SSC JALAN TAR KUCHING SSC KAPIT SSC 

194, GRD FLR,AL-IDRUS LOTS 7018 - 19, SECTION 64 LOTS 250-253 73B & C, 

COMMERCIAL CENTRE JALAN PENDING JALAN TUNKU ABDUL RAHMAN JALAN AIRPORT 

JALAN SATOK 93450 KUCHING PO BOX 1453 SECTION 49, 93100 KUCHING 96800 KAPIT PO BOX 101 

93400 KUCHING SARAWAK SARAWAK SARAWAK SARAWAK 

TEL:082-259 999/252 929 TEL:082-343 037/485 315 TEL:082-423 730/250 766 TEL:084-789 744/797 727 

FAX:082-251 828 FAX:082-335 936 FAX:082-250 577 FAX:084-796 090 

KUCHING SELATAN SSC LAWAS SSC LIMBANG SSC MEDAN JAYA BINTULU SSC 

NO 65-67, LOT 3179-3181 LOTS 231 - 233, NO 57, 29, MEDAN JAYA 

BLOK 10 JALAN SLOATING LORONG MAYBANK COMMERCIAL CENTRE 

JALAN LAKSAMANA CHENG HO 98850 PO BOX 91 LAWAS 98700 LIMBANG PO BOX 66 JALAN TUN HUSSIEN ONN 

93200 KUCHING SARAWAK SARAWAK 97000 BINTULU SARAWAK 

SARAWAK TEL:085-285 397/285 287 TEL:085-212 277/216 217 TEL:086-317 877/317 822 

TEL:082-421 975/254 432 FAX:085-285 449 FAX:085-211 879 FAX:086-317 811 

FAX:082-255 437 

MIRI SSC MUKAH SSC PELITA COMMERCIAL SSC SARIKEI SSC 

112, NO.2&3, LOT 512, BLOK 68 WISMA YONG LUNG, 18 & 19, 

JALAN BENDAHARA MUKAH NEW TOWNSHIP GROUND & FIRST FLORR, JALAN GETAH 

98008MIRI 96400 MUKAH PO BOX 72 LOT 698, BLOK 7, MCLD, 96100 SARIKEI 

SARAWAK SARAWAK JLN PUJUT, C.D.T. NO.28 SARAWAK 

TEL:085-413 649/428 442 TEL:084-872 292/872 739 98000 MIRI SARAWAK TEL:084-656 946/656 388 

FAX:085-418 450 FAX:084-871 571 TEL:085-411 877/427 877 FAX:084-657 671 

FAX:085-415 055 

SIBU CENTRAL SSC SIBU SSC WISMA SATOK SSC 

LOT 645-647, 35, 37 & 39 LEVEL 1, WISMA SATOK 

BLOK 6 JALAN KAMPUNG NYABOR JALAN SATOK 

JLN KAMPONG NYABOR 96007 SIBU SIBU 93400 KUCHING PO BOX 1963 

96000 SIBU,SARAWAK SARAWAK SARAWAK 

TEL:084-346 498/339 403 TEL:084-332 082/328 821 TEL:082-428 567/425 713 

FAX:084-345 199 FAX:084-311 060 FAX:082-250 299 


UNIT APPLICATION FORM 

PLEASE ATTACH PHOTOCOPY OF IDENTITY CARD HERE / LAMPIRKAN SALINAN KAD PENGENALAN 

TO : THE MANAGER 


34th Floor, Menara PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur. Tel: 03-2034 0800 Fax: 03-2162 5958 

Please read and understand the contents of the Master Prospectus. In accordance with the requirements of Capital Markets and 

Services Act 2007, this application form should not be circulated unless accompanied by the Prospectus. You should read the Prospectus 

before completing this application form. 

FORM 26A 

Please Tick (√) Where Applicable / 

Sila Tandakan (√) Pada Petak Berkenaan 

Initial Application / 

Permohonan Permulaan 

Additional Application / 

Permohonan Tambahan 

Plaese complete In BLOCK LETTERS and use black ink pen. Tick the box where appropriate. / Sila isi dengan HURUF BESAR dan pen dakwat hitam 

FUND NAME/NAMA DANA 

A 

CUSTOMER INFORMATION (MAKLUMAT PELANGGAN) / COMPANY INFORMATION (MAKLUMAT SYARIKAT) 

Company Registration No. (No. Pendaftaran Syarikat)* 

ID Number (Old IC / Birth Cert / Army ID / Passport) 

Nombor KP (Pengenalan Lama/Sijil Kelahiran/KP Tentera/KP Polis/Paspot) 

New IC Number / Nombor Kad Pengenalan Baru 

01 

02 

03 

04 

05 

06 

ID Description Jenis Pengenalan Diri Title Gelaran 

Identity card 

Birth certificate 

Army Identity card 

Police Identity card 

Passport 


Kad Pengenalan 

Sijil Kelahiran 

K/P Tentera 

K/P Polis 

Paspot 

Lain-lain 

01 

02 

03 

04 

05 

06 

07 

08 

Mr 

Ms 

Dr 

Datuk 

Dato’ 

Datuk Seri 

Tan Sri 


En / Tuan 

Cik / Puan 

Dr 

Datuk 

Dato’ 

Datuk Seri 

Tan Sri 

Lain-lain 

(Please specify / Sila nyatakan) 

Name ( As In NRIC/Passport) / Nama (Seperti di dalam kad pengenalan / Pasport) / Company’s Name (Nama Syarikat)* 

Date of Birth / Tarikh Lahir 

dd/hari mm/bulan yyyy/tahun 

01 

02 

Religion 

Muslim 

Non-Muslim 

Agama Gander Jantina 

Muslim 

01 Male Lelaki 

Bukan-Muslim 02 Female Perempuan 

Race Bangsa 

01 

02 

03 

04 

05 

Malay 

Native 

Chinese 

Indian 


Melayu 

Orang Asli 

Cina 

India 

Lain-lain 

(Please specify / Sila nyatakan) 

Residential Address (Alamat Kediaman) / Company’s Address (Alamat Syarikat)* 

01 

02 

Citizenship Warganegara 

Malaysian Malaysia 

Others Lain-lain 

(Please spacify / Sila nyatakan) 

Town / City / Bandar 

Post Code / Poskod 

State / Negeri 

Country / Negara 

Mailing Address (If Different from Residential Address) / Alamat Surat-menyurat (Sekiranya lain dari Alamat Kediaman) 

Town / City / Bandar 

Post Code / Poskod 

State / Negeri 

Country / Negara 

Office / Pejabat* 

House / Rumah 

H/Phone / Bimbit 

Fax / Faks* 

Email Address / Alamat Email* 

Telephone / Telefon 

Country of Permanent Resident / Negara Asal 

(Applicable to forsigners only / Untuk warga asing sahaja) 

Note: ( * ) Compulsory For Corporate Applicant

Marital Status Taraf Perkahwinan 

01 Single Bujang 

02 Married Berkahwin 

03 Others Lain-lain 

Number of Children 

(Please Indicate) 

0 to 12 years 

>12 to 16 years 

Bilangan Anak 

(Sila nyatakan) 

0 hingga 12 tahun 

>12 hingga 16 tahun 

Preferred Language Bahasa Pilihan 

01 Bahasa Malaysia Bahasa Malaysia 

02 English 

Bahasa Inggeris 

B 

CUSTOMER OCCUPATION / PEKERJAAN PELANGGAN 

Occupation 

Pekerjaan 

01 Manager / Senior Exec Pengurus / Eksekutif Kanan 

02 Officer / Executive Pegawai / Eksekutif 

03 Clerical 

Kerani 

04 Professional 

Profesional 

05 Armed Forces Tentera 

06 Police 

Polis 

07 Teacher / Lecturer Pendidik / Pensyarah 

08 Business Owner Perniagaan Sendiri 

09 Pensioner 

Pesara 

10 Housewife 

Surirumahtangga 

11 Student 

Pelajar 

12 Skilled Workers Tenaga Kerja Mahir 

13 Self-employed Bekerja Sendiri 

99 Others 

Lain-lain 

Occupation Sector 

01 Goverment Servant 

02 Agriculture 

03 Education 

04 Finance 

05 Health 

06 Manufacturing 

07 Services 


Sektor Pekerjaan 

Kakitangan Kerajaan 

Pertanian 

Pendidikan 

Kewangan 

Kesihatan 

Pembuatan 

Perkhidmatan 

Lain-lain 

Monthly Personal Income 

01 Up to RM1500 

02 Above RM1501 to RM3000 




06 Above RM15001 to RM20000 

99 Above RM20001 

Education 

01 Primary 

02 Secondary 

03 Diploma 

04 Bachelor 

05 Masters 

06 Doctorate 

07 Prof Qualification 


Pendapatan Peribadi Bulanan 

Sehingga RM 1500 

Melebihi RM1501 hingga RM3000 



Melebihi RM8001 hinga RM15000 


Melebihi RM20001 

Taraf Pendidikan 

Sekolah Rendah 

Sekolah Menengah 

Diploma 

Ijazah 

Ijazah Lanjutan 

Doktor 

Kelayakan Profesional 

Lain-lain 

C 

JOINT HOLDER INFORMATION (IF APPLICABLE) / MAKLUMAT PERMOHONAN BERSAMA (JIKA BERKENAAN) 

ID Number (Old IC / Birth Cert / Army ID / Passport) 

Nombor ID (Kad Pengenalan Lama / Sijil Kelahiran / KP Tentera / KP Polis / Paspot) 

New IC Number / Nombor Kad Pengenalan Baru 

Name (As in NRIC/Passport) / Nama (Seperti di dalam Kad Pengenalan / Paspot) 

ID Description 

01 Identity Card 

02 Birth certificate 

03 Army identity card 

04 Police identity card 

05 Passport 


Jenis Pengenalan Diri 

Kad Pengenalan 

Sijil Kelahiran 

K/P Tentera 

K/P Polis 

Paspot 

Lain-lain 

Title 

01 Mr 

02 Ms 

03 Dr 

04 Datuk 

05 Dato’ 

06 Datuk Seri 

07 Tan Sri 


Gelaran 

En / Tuan 

Cik / Puan 

Dr 

Datuk 

Dato’ 

Datuk Seri 

Tan Sri 

Lain-lain 

Date of Birth / Tarikh Lahir 

dd/hari mm/bulan yyyy/tahun 

D 

INVESTMENT INSTRUCTION / ARAHAN PELABURAN 

I WISH TO INVEST THE AMOUNT RM _________________________ IN THE ABOVE NAME TRUST FUND UPON THE CONDITION OF THE PROSPECTUS AND SUPPLEMENTARY PROSPECTUS (IF ANY) ISSUED 

TOGETHER WITH THIS APPLICATION FORM WHICH I/WE HAVE READ, ON BECOMING A UNIT HOLDER, I/WE AGREE TO BE BOUND BY THE PROVISION OF THE DEED RELATING TO THE FUND(S) 

Mode Of Payment / Cara Pembayaran 

01 Cash 

02 Cheque 

03 Debit Account 


Tunai 

Cek 

Debit Akaun 

Lain-lain 

Distribution Instruction / Arahan Pengagihan 

To send me/us income distribution warrant by post / Waran pengagihan pendapatan dihantar kepada saya / kami melalui pos 

To be credited into my/our Maybank Account / Dikreditkan ke dalam Akaun Maybank saya/kami 

Account No./Nombor Akaun 

Authorised Signatories (For Joint Applicants only) / Tandatangan Kuasa (Untuk Permohonan Bersama Sahaja) 

01 One To Sign / Satu Tandatangan 

02 Both To Sign / Tandatangan Bersama 

I/We hereby declare that the above information given by me/us are all true and accurate and that I/We have not been declared a bankrupt person/s and 

that the funds invested herein does not contravene the laws of Malaysia including the Anti-Money Laundering and Anti Terrorism Financing Act 2001. 

I/We acknowledge that I/we aware that there are fees and charges that I/we will incur directly or indirectly when investing in the fund. 

Signature Of Applicant / Tandatangan Pemohon 

Capacity of Signatory (ies) of * 

Corporate Applicant / Common Seal 

(For Corporate Applicant)/ 

Cop Rasmi Syarikat 

FOR BRANCH USED ONLY 

Signature Of Joint Applicant / Tandatangan Pemohon Bersama 

Application Date / Tarikh Permohonan 

FOR AMB USED ONLY 

Branch Code 

RM 

No of units 

Purchase 

FE Name 

LG Name 

PF No 

PF No 

Date Despatch 

White Copy for AMB . Blue Copy for investor


PLEASE READ THESE NOTES BEFORE COMPLETING THE APPLICATION FORM 

1. 

AUTHORISED PERSON TO SELL 

7. 

REDEMPTION OF UNITS 

2. 

3. 

4. 

5. 

6. 

Please check that the Financial Executive servicing you has a VALID 

authorization and registration card. 

WHO CAN APPLY FOR UNITS 

All Malaysian or Non-Malaysian individual 18 years of age and above 

can apply. You may have a joint holder on your account. A 

designated account can be arranged for a joint holder below 18 years 

of age. 

CORPORATE APPLICANTS 

For corporations, please state the COMPANY’S NAME and 

REGISTERED ADDRESS in full Fill in the CERTIFICATE OR 

INCORPORATION NUMBER or BUSINESS REGISTRATION 

NUMBER whichever is applicable. Please enclose a copy of the 

Company‘s Memorandum & Articles of Association / By Lows / Rules 

& Regulations for registration. 

For a Corporation, the application must be signed by the Authorised 

Signatory (ies) whose Designation must be stated The Common Seal 

or the Company’s Rubber Stamp must be affixed where applicable. If 

signed under a Power of Attorney, the Attorney should confirm that 

he/she has notice of revocation of the Power. 

JOINT APPLICANT 

In the case of joint holder of Units, who is 18 years of age and above, 

then both parties must sign the Application Form. In the case of death 

of a Joint holder of Units, the survivor will be the only person 

recognised by the Manager and the Trustee as having any title to or 

Interest in such units, except where the units are pledged as collateral 

to MAYBANK. 

A Joint holder who is below 18 years of age, a photocopy of his/her 

identity Card or Birth Certificate must be enclosed in the case of death 

of the first registered holder and before the minor attains the age of 

18, the estate of the first registered holder will be recognized by the 

Manager and the Trustee as having the title to or interest in such 

units. 

For accounts with joint registered holders of Units, all 

correspondences and payments relating to the units will be sent only 

to the first registered holder. 

PAYMENT OF INVESTMENT 

Payment for investment may be made at any of our distribution 

branches nearest to you . Payment for investment can be in the form 

of Cash, Direct Debit, Cheques and Bank Drafts. All payments must 

be accompanied by the pay-in-slip and application form . Payments 

by Cheques/Bank Drafts must be made out in favour of “AMANAH 

MUTUAL BERHAD” and crossed “ACCOUNT PAYEE ONLY”. 

The purchase of Units will be the price determined at the close of the 

day of banking of investment and published the following day in major 

newspaper. Units will be credited upon clearing of cheques based on 

this selling price. Please refer to the Master Prospectus or the 

Prospectus of the respective Funds for more information. 

STATEMENT 

A statement will be issued upon receipt and acceptance of the 

application by the Manager. In the case of joint holders, all 

correspondence and payments relating to the Units will be sent to the 

first-named ‘applicant’. Statament will be dispatched by post at 

Investors own risk. 

8. 

9. 

The Registered Holder may sell All or Part of the Units by completing 

and signing the Form of Request to Repurchase. The redemption 

price shall be based in the NAV price determined at the close of the 

business day on which the completed and valid repurchase request is 

received by the Manager or any distribution branches. The Manager 

shall not comply with the request to repurchase or transfer of units if 

such compliance would result in the requisitioner being a Registered 

Holder of less then minimum balance. 

COOLING-OFF PERIOD 

A cooling off night is only given to an investor, other than those state 

in Clause 14 01(2) of the Securities Commission Guidelines on Unit 

Trust Funds, who investing in any unit trust funds managed by the 

Manager for the first time. 

The cooling off period is six (6) business days commencing from the 

date of purchased ie. the date in which the Manager received the 

application form and the investment amount. Please refer to the 

Prospectus for calculation of refund. 

RIGHTS OF MANAGER 

The Manager reserves the right to accept or reject any application in 

whole or part there of without assigning any reason. 

Thank you for reading this notes For further information please 

contact or write to the Manager. 

AMANAH MUTUAL BERHAD(195414-U) 

34th Floor, Menara PNB, 201-A, Jalan Tun Razak 


Tel : 603-2034 0800 

Fax : 603-2162 5958

Unit Trust Loan Financing Risk Disclosure Statement 

Investing in a unit trust fund with borrowed money is more risky than 

investing with your own saving 

You should assess if loan financing is suitable for you in light of your objectives, attitude to risk and 

financial circumstances. You should be aware of the risks, which would include the following:- 

(i) 

(ii) 

(iii) 

(iv) 

The higher the margin of financing (that is, the amount of money you borrow 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. 

You should assess whether you have the ability to service the repayments on the proposed 

loan. If your loan is a variable rate loan, and if interest rates rise, your total repayment amount 

will be increased. 

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 instalments. If you fail to comply 

within the time prescribed, your units may be sold to settle your loan. 

Return on unit trusts are not guaranteed and may not be earned evenly over time. This means 

that there may be some years where return are high and other years where losses are 

experienced instead. 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 thought the investment may have done well in the past. 

This 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 the loan. 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. 

ACKNOWLEDGEMENT OF RECEIPT OF RISK DISCLOSURE STATEMENT 

I acknowledge that I have received a copy of this Unit Trust Loan Financing Risk Disclosure Statemant 

and understand its contents. 

Signature : ......................................................... 

Date : .......................................................... 

Full Name : ..........................................................

4 Investment Process of the Funds - Amanah Mutual Berhad

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