Prospectus - Manulife Insurance Berhad

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chapter10RELATED-PARTY TRANSACTIONS/CONFLICT OF INTERESTpage60Policies and Procedures on Dealing with Conflict of Interest (cont’d)Manager (cont’d)Subject to any legal requirement, the Manager, or any related corporation of the Manager, or anyofficers or directors of any of them, may invest in the Fund. The directors of the Manager will receiveno payments from the Fund other than distributions that they may receive as a result of investment inthe Fund. No fees other than the ones set out in this Prospectus have been paid to any promoter of theFund or the Manager for any purpose.The Manager has also internal policies which regulates its employees’ securities dealings.None of the Manager’s directors or substantial shareholder have any direct or indirect interest in othercorporations carrying on a similar business as the Manager as at 30 September 2012.TrusteeAs the Trustee and service providers for the Fund, there may be related party transactions involving orin connection with the Fund in the following events:1) where the Fund invests in instrument(s) offered by the related party of the Trustee (i.e. placementof monies, structured products, etc);2) where the Fund is being distributed by the related party of the Trustee as IUTA;3) where the assets of the Fund are being custodised by the related party of the Trustee both assub-custodian and/or global custodian of the Fund (Trustee’s delegate); and4) where the Fund obtains financing as permitted under the Guidelines, from the related party ofthe Trustee.The Trustee has in place policies and procedures to deal with any conflict of interest situation. The Trusteewill not make improper use of its position as the owner of a Fund’s assets to gain, directly or indirectly,any advantage or cause detriment to the interests of Unit holders. Any related party transaction is to bemade on terms which are best available to the Fund and which are not less favourable to the Fund thanan arms-length transaction between independent parties.Subject to the above and any local regulations, the Trustee and/or their related group of companiesmay deal with each other, the Funds or any Unit holder or enter into any contract or transaction witheach other, the Funds or from any such contract or transaction or act in the same and similar capacityin relation to any other scheme.AdvisersThe Shariah Advisers, auditors, tax advisers, and solicitors have confirmed that they have no interest/potential interest or conflict of interest/potential conflict of interest with the Manager and the Fund.Prospectus in respect of the Manulife Shariah - Dana Ekuiti
chapter11 TAX ADVISER’S LETTERpage6111 th January 2013The Board of DirectorsManulife Asset Management Services Berhad(formerly known as Manulife Unit Trusts Berhad)12 th Floor, Menara Manulife6, Jalan GelenggangDamansara Heights50490 Kuala LumpurDear SirsMANULIFE SHARIAH – DANA EKUITI – TAXATION OF THE FUND AND UNITHOLDERS1. This letter has been prepared for inclusion in the Prospectus in connection with the offer of unitsin Manulife Shariah – Dana Ekuiti (hereinafter referred to as “the Fund”).2. TaxationThe following is general information based on Malaysian tax law in force at the time of lodgingthis Prospectus with the Securities Commission Malaysia and investors should be aware thatthe tax law may be changed at any time. To an extent, the application of tax law dependsupon an investor’s individual circumstances. The information provided below does not constitutetax advice. The Manager therefore recommends that an investor consult his accountant or taxadviser on questions about his individual tax position.As the Fund’s Trustee is resident in Malaysia, the Fund is regarded as resident in Malaysia and isliable to pay Malaysian income tax (“income tax” or “tax”). The taxation of the Fund is governedprincipally by Sections 61 and 63B of the Malaysian Income Tax Act, 1967 (“MITA”).Under Section 2(7) of the Malaysian Income Tax Act 1967, any reference to interest shall apply,mutatis mutandis, to gains or profits received and expenses incurred, in lieu of interest, intransaction conducted in accordance with the principles of Shariah. The effect of this is that anygains or profits received and expenses incurred, in lieu of interest, in transactions conducted inaccordance with the principles of Shariah, will be accorded the same tax treatment as if theywere interest.Unitholders are also liable to pay income tax on income distributions paid by the Fund.3. Taxation of the Fund3.1 Income TaxThe income of the Fund in respect of dividends, interest or profits from deposits and otherinvestment income (other than income which is exempt from tax) derived from or accruingin Malaysia is liable to income tax. The income tax rate applicable to the Fund is 25%.Prospectus in respect of the Manulife Shariah - Dana Ekuiti
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Message from the CeopageIDear Value
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RESPONSIBILITY STATEMENTSAND STATEM
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DEFINITIONpage4Shariah AdviserShari
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CORPORATE DIRECTORYpage6Manager’s
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CORPORATE DIRECTORYpage8TrusteeName
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Page 77 and 78: DIRECTORS’ DECLARATIONpage71The f
Page 79 and 80: UTAPPMASTER APPLICATION FORMIn comp
Page 81 and 82: TERMS AND CONDITIONS OF THE MANULIF
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Prospectus - Manulife Insurance Berhad

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