PMB-An-Nur Waaqf Income Fund - Product Highlights Sheet

Transcription

1. PAPMBINVESTMENT (An Islamic Fund Management Company) 199301001702(256439-D) PRODUCT HIGHLIGHTS SHEET PMB-An-Nur Waaqf Income Fund RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors or authorised committee or persons approved by the directors of PMB Investment 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, that there are no false or misleading statements or omission of other facts which would make any statement in this Product Highlights Sheet false or misleading. STATEMENT OF DISCLAIMER The Securities Commission Malaysia has authorised the issuance of PMB-An-Nur Wagqf Income Fund and a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia. The authorisation of PMB-An-Nur Waqf Income Fund and lodgement of this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends PMB-An-Nur Wagf Income Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of the PMB Investment Berhad responsible for PMB-An-Nur Wadf Income Fund and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. This document is dated 18 March 2021.
2. PA ,PMBINVESTMENT This Product Highlights Sheet only highlights the key features and risks of this unlisted capital market product. Investors are advised to request, read and understand the disclosure documents before deciding to invest. PMB-AN-NUR WAQF INCOME FUND Product Type Income & Growth Launch Date 18 March 2021 Product Category Mixed Assets (Shariah) Sawa Eee PMB Investment Berhad Dealing Frequency BAagsisitase irs OB ale Kero CIMB Islamic Trustee Berhad Shariah-compliant {GS Shariah Adviser Amanie Advisors Sdn Berhad HENOel ACet ae 30 April \WETpOliejetaietyiy Capital Protected / Guaranteed No 9) Wagaf An-Nur Corporation Berhad Distribution Policy Annually, subject to the availability of income for the financial period. PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is suitable for investors who: e have a moderate risk tolerance level; e prefer a fund that conforms to Shariah principles; e seek income and capital growth in the medium to long term period; e seek a fund that actively contributes for waqf purposes. Investors should consult their financial advisers if in doubt whether this product is suitable for them. Investor is required to undergo a suitability assessment process in order to determine the range of products that suit their risk profile and needs. KEY PRODUCT FEATURES WHAT UNIT TRUST FUND ARE YOU INVESTING IN? Classes of Units Class A Name Class B PMB-An-Nur Waaf Income Fund Category/ Type Mixed Assets (Shariah) / Income & Growth Initial Offer Price RMO0.5000 Initial Offer Period Twenty-one (21) days from the date of this Prospectus Investment Objective | The objective of the Fund is to primarily provide income as well as to provide capital growth over the medium to long term period by investing in a portfolio of investments that comply with Shariah principles and to enable the Unit Holders to channel all or part of the distribution for waqf purposes. change to the Fund’s ini iti Minimum Initial 1) ) RM100.00 - ndivi Individual ua . Investment 2) RM10,000.00 - Institutional ini iti Minimum Additional | 1) 1) RM50.00 - ndivi Individual ual Investment RM1,000.00 - Institutional 2) investment objective requires Unit Holders’ RM10,000.00 RM1,000.00 b Note: Any material approval.
3. PA ,PMBINVESTMENT Classes of Units Class A Distribution Policy Class B Annual distribution of income, subject to | Annual distribution of income, subject the availability of income for the financial | to the availability of income for the period. financial period. Thirty percent (30%) of the income | The Waadf Institution will receive full distribution (if any) will be allocated for | distribution of income in the form of waqf contribution in the form of cash and | cash in proportion to its investment remitted to the Waqf Institution. holding in the Fund. Seventy percent (70%) of the income distribution (if any) will be in the form of units and reinvested based on the NAV per Unit of the Business Day on which the distribution is declared by the Manager. No sales charge will be imposed on the reinvestment of income distribution. Please refer to Chapter 3 of the Fund’s Prospectus for further information on product features. Investment Strategy The Fund invests primarily in Shariah-compliant securities which include (a) Shariah-compliant equities and Shariah-compliant equity-related securities listed on eligible markets, primarily Bursa Malaysia; and (b) Islamic fixed income securities including sukuk, Islamic money market instruments, and Islamic deposit placements. For investments in Shariah-compliant equities and Shariah-compliant equity-related securities, the Fund will focus on companies annum or above. For investment that are stable with either having growth potential and/or dividend yield of 2.0% per in sukuk, credit evaluation and profit rate direction are the most critical risk factors to be considered. As for credit evaluation, the fund manager set stringent investment criteria in assessing sukuk, covering mainly the nature of business, management, cash flow, gearing level and collateralization. In case the Fund invests in such instrument, only investment grade sukuk rated by either RAM or MARC will be considered. To be prudent, the Manager adopts a strategy by: (a) selecting only instruments with a minimum credit rating of AA by RAM or MARC or equivalent rating by other rating agencies for long term instruments and P2 by RAM or MARC-2 by MARC or its equivalent for short-term instruments; and/or (b) having a longer or shorter duration of debt instruments depending on the expected direction of the KLIRR. For Islamic money market instruments and/or Islamic deposit placement, the selection will be based on criteria such as liquidity, prevailing rate and tenure. The short-term nature of the Islamic money market instruments and/or Islamic deposit placements will allow the Manager to easily switch from Islamic money market instruments or Islamic deposits to Shariah-compliant equities when the stock market is favorable. Where the equity market climate is expected or deemed to be unfavorable and weak, the Fund will raise its investments in Islamic fixed income securities. In view of its investment objective, the designated fund manager will adopt an active investment management approach and the frequency of trading of securities will very much depend on market conditions. The Fund shall invest up to 60% of its NAV in Shariah-compliant equities and Shariah-compliant equity-related securities. Notwithstanding the Fund can invest up to 100% for combination of sukuk, Islamic money market instruments, Islamic deposit placements and/or other Shariah-compliant permitted investment. Applicable Shariah Principles e Investor appoints PMB ‘Wakalah’ or Agency. Investment Berhad to manage and invest the Fund under the Islamic contract of
4. PA ,PMBINVESTMENT PMB Investment Berhad is appointed to undertake the investment activities on behalf of the investors for ‘Ujrah’ or fee. Wagaf An-Nur Corporation Berhad is appointed as Nazir Khas by Majlis Agama Islam Negeri Johor to manage and fulfil the objectives of the waqf for religious and charitable purposes in accordance with Shariah principle. WAQF MECHANISM OF THE FUND Overview of Waqf A wadf is comparable to an endowment, trust or foundation except that it must comply with Islamic juristic rules, for example: a) b) waadf is perpetual; there are limited circumstances for reversion of a waqf asset; and c) the activities of a waqf must comply with Shariah. In other words, waqf is an endowment initiative managed in accordance with Shariah principles and plays a prominent role in the Islamic economic system. It plays a role in developing society by helping the needy, establishing mosques and social welfare institutions such as schools, healthcare centres and centres for people with special needs. Establishing a Waqf Shariah places four (4) pillars for purposes of establishing a waqf, as follows: (a) wakif (a party who waadf the asset) (b) maukidf (asset) (c) (d) maukuf a’laih (beneficiaries) hujjah wagf (declaration for the creation of waqf) Source of the Waqf Contribution The waqf mechanism of the Fund for both Classes are illustrated as below: The Waqf Mechanism UnitHolders §: ! of the Fund for Class A Management of Islamic Unit Trust for Wagf Purposes | Management and Distribution of Waaf H and Income Generated from Wagf curposes ' Class A A Assets Reports on waqf contribution Manager Capi‘apital ~ & ----------- > " , ' Interim and , Annual reports + YT 6 <— FUND J Trustee ” Shariah Adviser !(eo ;i : i ' Investments ¥ 7 y Purchase of Waqf Assets General Welfare & Charity attributed to Unit Holders 70% q a Income Distribution i Wadf Institution ee \Management of & Donation to Mosques i 30% T Wagf Contribution Human Capital Development, Education & | Entrepreneurship Special Projects Hujjah waqf to be undertaken by Waqdf Institution and cash to be deposited to Waadf Institution Notes: 1. Thirty percent (30%) of the income distribution on the investment made by Unit Holders in Class A will be allocated and distributed as a wagqf contribution in the form of cash and remitted to the Wagf Institution. Such contribution will be used by the Waqf Institution to purchase Wagf Assets as such contribution has yet 3
5. PA ,PMBINVESTMENT to constitute benefit. When diagram above. 2. 3. benefit is constituted, it will be utilized for the purposes as illustrated in the Seventy percent (70%) of the income distribution will be credited into the Class A Unit Holders’ investment account in the form of units. The sales charge is applicable to any additional investments from Waqdf Assets to the Fund, subject to the Manager’s discretion. The Waaf Mechanism of the Fund for Class B . UnitHolders | - Management ofof Islamic Islamic Unit Unit Trust Trust for for Wagf Management Waqf Purposes oes Manager ‘Capital Class B > 1 Trustee ¢ FUND . Shariah Adviser } Investments Income Distribution attributed to Waqf Institution ' and Income Generated from Wagqf Assets v 100% 1 Wadf Institution > 1 ' ! ¥ : ' Management and Distribution of Waaf : ribution ota Reports on waqf contribution T dq-4--------4 7 : | Interim and ‘ Annual reports ' | J General Welfare & Charity J Management of & Donation to Mosques T...CStsN 1 ! : Human Capital Development, Education & ; Special Projects ‘| | Entrepreneurship Note: For Class B, the Waaqf Institution will receive the full distribution of income entitled to it in proportion to its investment holding in the Fund. Such income distribution received by the Waqf Institution in the form of cash will constitute benefit in which will be utilized as illustrated in the diagram above. Assuming, at a financial year end, an income distribution is declared and allocated for Ringgit Malaysia one sen (RMO.01) per unit and the unit circulation of the Fund is 100 million. The Unit Holders in Class A hold 90 million units and the Waqdf Institution in Class B holds 10 million units. The waqf contribution from the income distribution will be Total income distribution Units in circulation x income distribution per unit = 100,000,000 x RMO.01 = RM1,000,000.00 Income distribution = No of units held x income distribution per unitx 30% attributed to Class A for = 90,000,000 x RM0.01 x 30% wagf contribution as ‘Wagdf Asset’ = RM270,000.00 Seventy percent (70%) of the income distribution attributed to Class A will be credited into the respective Class A Unit Holders’ investment accounts in the form of units. Income distribution attributed to Class B for = = No. of units held x income distribution per unit 10,000,000 x RMO.01 waqf purposes = RM100,000.00 Note: By subscribing units of the Fund and continuing investing in the Fund, each Unit Holder of Class A (i) has expressly agreed to contribute thirty percent (30%) of the income distribution (if any) in the form of cash for waqf purposes; and
6. PA ,PMBINVESTMENT (ii) has expressly authorised the Manager to collect and remit thirty percent (30%) of the amount sourced from the income distribution in the form of cash to the Waqdf Institution. The Wagdf Institution in Class B will receive hundred percent (100%) of income distribution in the form of cash in proportion to its holding of units of the Fund. Wagf Contribution The Fund’s waqf contribution will be in the form of cash. Distribution of Income Generated from Wagqf Units The income generated from Wagf Units will be channeled and distributed for the following purposes: i) general welfare and charity to the deserving, regardless of their ethnicity and religion including general public, orphans and other corporate responsibility initiatives; ii) management of the chain of Masjid An-Nur and contributions to other mosques; iii) human capital development, education and entrepreneurship including training, learning and school aids; and iv) special projects including search and rescue operations via Briged Waqaf- Criteria of Waqf Institution The Manager selects a waqf institution as a recipient of the waqf contribution according to the following criteria that a waqf institution shall (i) be recognized and/or authorised by the Federal or State Islamic religious bodies; (ii) have a proper governance structure and framework; (iii) have an audited annual financial statement; (iv) have a published annual report on its waqf distribution and/or utilization. The Manager may appoint more than one (1) waqdf institution as a recipient of the waqf contribution of the Fund. In such event, the waqf contribution will be proportionate to the value of the Waqf Units held by each appointed wadf institution on the date of the income distribution is declared. In the event that the appointed wadqf institution no longer meets the criteria, the Manager shall take immediate action to remove and replace the wadf institution with another waqf institution that meets the criteria. During such event, any income distribution attributed to the removed wagdf institution shall be held by the Trustee of the Fund until the new waqf institution be appointed. Where there are already more than one wadf institution, the income distribution attributed to the removed wagdf institution will be allocated and remitted to the remaining appointed waqf institutions. Profile of Waqf Institution Wagaf An-Nur was incorporated in Malaysia on 25 October 2000 as a public company limited by guarantee under the name of Pengurusan Klinik Wagaf An-Nur Berhad under the Companies Act, 1965 and is deemed registered under the Companies Act 2016. Wagaf An-Nur changed its name to Kumpulan Klinik Wagaf AnNur Berhad on 19 July 2005 and subsequently assumed its current name on 21 May 2009. Wagaf An-Nur does not have any shareholder. Wagaf An-Nur was established to manage the assets and shares that Johor Corporation (“JCorp”) had endowed via waqf. Wagaf An-Nur has also implemented several corporate responsibility initiatives on behalf of JCorp, namely the chain of Klinik Waqaf An-Nur, Wagaf Dana Niaga, Briged Waqaf, Waqaf Community Centres and contributions to the society via welfare allocations. The main objective of establishing the chain of Klinik Waqaf An-Nur is to provide healthcare treatments and dialysis facilities to the public, particularly the deserving, regardless of their ethnicity and religion. Currently, the Klinik Wagaf An-Nur network has twenty-two (22) clinics located in Johor, Negeri Sembilan, Selangor, Perak, Sarawak, Penang and Kelantan. Wagaf An-Nur’s charitable contributions have benefited patients’ welfare, mosque activities, other welfares and orphanage/poor associations and include corporate responsibility programme implementations. Contributions are also being channeled to deserving students and entrepreneurs and to increase preaching (dakwah) activities nationwide. For further details, you may visit Waqaf An-Nur’s website at http: //www.wancorp.com.my/ Please refer to Chapter 4 of the Fund’s Prospectus for details on the waqf mechanism of the Fund.
7. PAPMBINVESTMENT e The Manager of the Fund : PMB Investment Berhad e The Trustee of the Fund : CIMB Islamic Trustee Berhad e The Shariah Adviser of the Fund : Amanie Advisors Sdn Berhad e The Wagdf Institution : Wagaf An-Nur Corporation Berhad Please refer to Chapter 4, 7,8 & 9 of the Fund’s Prospectus for details on the Waqf institution, Manager, Trustee and Shariah adviser. As the Fund will invest primarily in the Shariah-compliant equity market, its NAV and hence your investment capital will be subject to the market fluctuation. *Assuming as a result of the market movement, the Fund and your investment may possibly end with the following outcomes: Movement of the Fund’s NAV Outcome of your investment capital Increase by 10% Increase by 10% Decrease by 10% Decrease by 10% *Other things remain unchanged. KEY RISKS You should be aware that e The value of your investment and the distribution payable, may go down as well as up. e The return of the Fund is not guaranteed. The performance of the Fund is subject to the volatility of the stock market which is influenced by the changes in the economic and political climate, interest rate, international stock market performance and regulatory policies. The movement of the value in the underlying investment portfolio will affect the NAV of the Fund. Any downward movement of the value will negatively impact the NAV of the Fund. Prices of a particular stock may fluctuate in response to the circumstances affecting individual companies such as adverse financial performance, news of a possible merger or loss of key personnel of a company. Any adverse price movements of such stock will adversely affect the Fund’s NAV. The value of the Shariah-compliant equity-related securities depends on the value of the underlying equities that the Shariah-compliant securities are related to. Any upward movement in the value of the underlying Shariah-compliant equities may result an upward movement of the value of the respective Shariah-compliant equity-related securities, and vice versa. Hence, the movement of the value of the Shariah-compliant equityrelated securities will affect the value of the Fund. The fund may also invest in Shariah-compliant equityrelated securities such as Shariah-compliant warrants, that have an expiry date and may experience time decay, and the erosion of value accelerates as the instrument advances to its expiry date. If the Shariahcompliant warrant is not exercised on or before the expiry date, the Shariah-compliant warrant will have no value and negatively impact the NAV of the Fund. This risk refers to the risk that the currently held Shariah-compliant equities in the portfolio of Islamic funds may be reclassified as Shariah non-compliant in the periodic review of the securities by the SAC of the SC, the Shariah Adviser or the Shariah Supervisory Boards of relevant Islamic indices. If this occurs, the Manager will a take the necessary steps to dispose of such securities. Opportunity loss could occur due to the restriction on the Fund to retain the excess capital gains derived from the disposal of the reclassified Shariah non-compliant equities securities. In such an event, the Fund is required: (a) to dispose of the securities if the value of the securities is equal to or exceeds the investment cost on the effective date of Reclassification of the List of Shariah compliant securities (“Reclassification”) by the SAC of the SC, or upon review (“Review’) by the Shariah Adviser or the Shariah Supervisory Boards of relevant
8. PAPMBINVESTMENT Islamic indices . The Fund is allowed to keep dividends received and capital gains from the disposal of the securities up to the effective date of Reclassification/Review. However, any dividends received and excess (b) capital gains from the disposal of the Shariah non-compliant securities after the effective date of Reclassification/Review should be channeled to baitulmal and/or approved charitable bodies; to hold the securities if the value of the said securities is below the investment cost on the effective date of Reclassification/Review, until the total subsequent dividends received (if any) and the market price or value of the securities is equal to the cost of investment; or (c) to dispose of the securities at a price lower than the investment cost which will result in the decrease in the Fund’s value. This is a risk particular to the Fund which has heavy emphasis on high yield occur when fundamentals of the company’s business deteriorate or if there is policy resulting in a reduction of the dividend to be paid by the company. investing mainly in companies with a consistent historical record of paying dividend stocks. Such a risk may a change in the dividend payout This risk may be mitigated by dividends, strong cash flow, or operating in fairly stable industries. Movements in interest rate will have an impact on the management of the Fund. This risk refers to the effect of profit/interest rate changes on the market value of Islamic money market instruments, Islamic deposit placements and sukuk. Any downward movement of the profit/interest rate may result in a loss of the expected return from the Fund’s investments in Islamic money market instrument and Islamic deposit placement. The value of the sukuk has a tendency to move inversely with the movement of the profit/interest rate whereby the prices of the sukuk may fall when profit/interest rates rise, and vice versa. The interest rate is a general indicator. Although the Fund does not invest in interest bearing instruments, the movement of the interest rate will have an impact on the profit rate of the Islamic money market instruments and Islamic deposit placement, and consequently affect the expected return of the Fund’s investments The Manager may invest in Islamic structured products issued by financial institutions. The investment in Islamic structured products may pose certain risks, including but not limited to, as below (a) the risk of default by the issuer of the Islamic structured products on the capital repayment and/or coupon payment; (b) the risk of return of the investment which may be lower than expected or none at all if the underlying reference linked to the product does not perform; and/or (c) the risk of liquidity due to 1) highly customized nature of the product, and 2) not being traded in an eligible market. Investors may receive less than an amount they have invested if they exit the investment prior to its maturity. The Manager will mitigate the risks by selecting issuers of the Islamic structured products with a minimum long-term rating provided by any domestic or global rating agency that indicates strong capacity for timely payment of financial obligations, and investing in structured products that have a capital protection feature. Apart from that, the Manager will monitor any changes to rating of the issuers of Islamic structured products. The Manager may use Islamic derivatives for hedging and risk reduction purposes to protect the Fund from anticipated detrimental movements in the underlying markets or investments, depending on the market circumstances. While the use of derivatives may pose certain risks, including but not limited to: (a) the risk of derivative transactions having the effect of increasing the volatility of the Fund’s respective NAV; (b) the risk of loss from default by the counterparty, typically as a consequence of insolvency or failed settlement; and/or the risk of the supply and demand factors in the derivatives market and in other related markets impacting the liquidity of the derivatives market adversely, which in turn would adversely affect derivatives pricing and the Fund. The Manager will mitigate the risks by monitoring closely all investment in Islamic derivatives or unwinding N (c)
9. PA ,PMBINVESTMENT the position if there is material adverse change to the respective derivative issuer. Credit/Default Risk Credit risk relates to the creditworthiness of the issuers of the sukuk and Islamic money market instruments and their expected ability to make timely payment of profit and/or principal. Any adverse situations faced by the issuer may impact the value as well as liquidity of the sukuk and Islamic money market instruments. In the case of rated sukuk, this may lead to a credit downgrade. Default risk relates to the risk that an issuer of a sukuk either defaulting on payments or failing to make payments in a timely manner which will in turn adversely affect the value of the sukuk. This could adversely affect the value of the Fund. This risk also refers to the creditworthiness of the financial institutions and their expected ability to make timely payment of profit and/or principal. In the event the financial institutions default in the profit and/or principal payments, the value of the Fund will be adversely affected. Country Risk Investments of the Fund in any countries may be affected by changes in the economic and political climate, restriction on currency repatriation or other developments in the law or regulations of the countries in which the Fund invests in. For example, the deteriorating economic condition of such countries may adversely affect the value of the investments undertaken by the Fund in those affected countries. This in turn may cause the net asset value of the Fund or prices of units to fall. Currency Risk As the investments of the Fund may be denominated in currencies other than the base currency, any fluctuation in the exchange rate between the base currency and the currencies in which the investments are denominated may have an impact on the value of these investments. Investors should be aware that if the currencies in which the investments are denominated depreciate against the base currency, this will have an adverse effect on the NAV of the Fund in the base currency and vice versa. Investors should note that any gains or losses arising from the fluctuation in the exchange rate may further increase or decrease the returns of the investment. Please take note that events affecting the investments of the Fund cannot always be forecasted. As such, it is not possible to protect the investments from all risks. Please refer to Section 3.6 of the Fund’s Prospectus for further information on product specific risks. FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? e Payable directly by you You will need to pay the following fees and charges as a percentage of your gross investment sum: Sales Charge IUTA, CUTA, UTC and 3.0% (imposed for every transaction performed) | direct purchase Repurchase Charge Nil Switching Fee Up to RM25.00 per transaction Transfer Fee Up to RM10.00 per transaction Other Charges * Bank charges Rate is determined by the Distribution Channel(s) e e e e e (imposed for every transaction performed) e Telegraphic Transfer charges IUTA CUTA UTC appointed bankers Direct Purchase Auto Debit YOU SHOULD NOT MAKE PAYMENT IN CASH TO A UNIT TRUST CONSULTANT IN THE NAME OF A UNIT TRUST CONSULTANT. OR ISSUE A CHEQUE
10. PA ,PMBINVESTMENT e Payable indirectly by you Management Fee 1.75% per annum Trustee Fee 0.025% per annum Other fees charged by the Fund Commissions/fees paid to brokers /dealers; Auditor’s fee; Tax adviser’s fee; Valuation fee; Taxes; Custodial Charges; Tax voucher/distribution warrants; and Any other fees/expenses permitted by the deed. Please refer to Chapter 5 of the Fund’s Prospectus for further information. Note: In addition, the above fees and charges are subject to the Tax at the prevailing rate VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? e Itis our policy that the Fund is valued on a daily basis at the end ofa Business Day. e You may obtain our latest information on the Fund’s price at our website, pmbinvestment.com.my. Please refer to Chapter 6 of the Fund’s Prospectus for further determination of prices and redemption details. HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? e Cooling-off Period A first-time individual investor with the Manager shall have the right, within 6 Business Days, commencing from the day the completed application is received and accepted by the Manager to withdraw his/her investment in the Fund. However, this cooling-off period does not apply to a staff of the Manager and a person registered with a body approved by the SC to deal in unit trusts. You are entitled to receive a full refund of the money initially invested i.e. the NAV per unit on the day the units were first purchased and the sales charge per unit originally imposed on the day the Units were purchased. The money payable out of this transaction must be refunded to the investor within 10 days of the Manager’s receipt of the repurchase request. e Repurchase/Redemption You may exit from this investment on any Business Day by completing a Transaction Form together with a photocopy of your NRIC. - - - Fora request to redeem units received or Business Day, units will be redeemed at which the request was received (“forward Where the repurchase request is received deemed to have been received on the next deemed to have been received by us before 3.00 p.m. on any the NAV per unit calculated at the end of Business Day on pricing”). after the cut-off time, i.e. after 3.00 p.m., the request will be Business Day. Payment will be made within 10 days of the receipt of redemption request. We reserve the right to vary the terms and conditions of repurchase/redemption mode from time to time, which shall be communicated to you in writing. No redemption charge is imposed when you redeem your investment. However, any applicable bank charges and other bank fees incurred as a result of a withdrawal by way of telegraphic transfer, bankers cheque or other special payment method will be borne by the Unit Holder. Ifthe units are held in the names of more than one Unit Holder, where the mode of holding is specified as “Joint Application”, redemption request will have to be signed by all the joint holders unless the joint applicant is a minor. Please refer to Chapter 6 of the Fund’s Prospectus for further information on determination of prices and repurchase/redemption details.
11. PA ,PMBINVESTMENT WHO SHOULD I CONTACT FOR FURTHER INFORMATION OR TO LODGE A COMPLAINT? e You can call us, PMB’ Investment investorrelation@pelaburanmara.com.my pmbinvestment.com.my. or Berhad, visit at our (03) appointed 4145 3900, distributors email as_ us at listed on Our business address is at 2"4 Floor, Wisma PMB, No. 1A, Jalan Lumut, 50400 Kuala Lumpur e For any complaint or internal dispute resolution, please contact: Customer Service Department PMB Investment Berhad 24 Floor, Wisma PMB No. 1A, Jalan Lumut 50400 Kuala Lumpur Please state the date, time, place of occurrence, person involved and nature of your complaint or dispute. You may also lodge your complaint through telephone calls. e Ifyou are dissatisfied with the outcome of the internal dispute resolution process, please refer your dispute to the Securities Industries Dispute Resolution Corporation (SIDREC): (a) via phone to : (03) 2282 2280 (b) via fax to : (03) 2282 3855 (c) via email to : info@sidrec.com.my (d) vialetter to : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No. 5, Jalan Bangsar Utama 1 59000 Kuala Lumpur e You can also direct your complaint to the SC even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the SC’s Investor Affairs & Complaints Department: (a) viaphone to : (03) 6204 8999 (b) (c) (d) (e) via fax to : (03) 6204 8991 via e-mail to : aduan@seccom.com.my via online complaint form available at www.sc.com.my vialetter to : Consumer & Investor Office Securities Commission Malaysia No 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur. e Federation of Investment Managers Malaysia (FIMM)’s Complaints Bureau: (a) via phone to : (03) 2092 3800 (b) via fax to : (03)2093 2700 (c) via e-mail : complaints@fimm.com.my (d) via online complaint form available at: www.fimm.com.my (e) vialetter to : Legal, Secretarial & Regulatory Affairs Federation of Investment Managers Malaysia 19-06-1, 6th Floor Wisma Tune No. 19, Lorong Dungun Damansara Heights 50490 Kuala Lumpur Please refer to Chapter 14 of the Fund’s Prospectus for further information. 10
12. PA ,PMBINVESTMENT APPENDIX: GLOSSARY OF TERMS e Bursa Malaysia: means Malaysia’s stock exchange managed by Bursa Malaysia Securities Berhad; e Business Day: means a day on which the Bursa Malaysia is open for dealings; e Class A: means a Class of units for Unit Holders who are not waqf institutions; e Class B: means a Class of units for the Waqf Institution or any other waqf institution as the case maybe as Unit Holder; e CUTA: means ‘Corporate UTS Adviser’, which is a licensed financial planner registered with FIMM and authorised to market and distributed unit trust schemes of another party; e Cut-off time: means the time by which requests for unit purchases or redemptions by investors are accepted each day up to the Fund’s dealing cut-off time and are processed using the same day-end’s NAV per unit prices; e Deed: means the principal deed and any supplemental deeds of the Fund entered into between the Manager and the Trustee; e FIMM: means Federation of Investment Managers Malaysia; e Forward pricing: means the purchase or redemption of units is determined based on the NAV per unit calculated at the next valuation point after an application to purchase or repurchase units is received by the Manager; e Fund: means PMB-An-Nur Wagqf Income Fund; e JUTA: means Institutional UTS Adviser, a corporation registered with FIMM and authorised to market and distribute unit trust schemes of another party; e KLIRR: means Kuala Lumpur Islamic Reference Rates; e Long term: means a period of more than 5 years; e Manager or us: means PMB e MARC: means Malaysian Rating Corporation Berhad; e Medium term: means a period of between 3 and 5 years; e NAV: means Investment Berhad; ‘Net Asset Value’, refers to the value of all the Fund’s asset less the value of the Fund’s liabilities at the valuation point; e RAM: means RAM e SAC: means the Shariah Advisory Council; e SC: means Securities Commission Malaysia, established under the Securities Commission Act, 1993; e Shariah: means Islamic laws, originating from the Qur‘an (the holy book of Islam), and its practices and explanations rendered by the Prophet Muhammad (peace be upon him) and ijtihad of ulama’ (personal effort by qualified Shariah scholars to determine the true ruling of the divine law on matters whose revelations are not explicit); e Tax: means any Rating Services Berhad; applicable tax and/or duties which may be imposed by the government or other authorities from time to time; e UTC or Unit Trust Consultant: means UTS Consultant, an individual who is duly registered with the FIMM to market and distribute unit trust schemes; e UTS: means Unit Trust Schemes; e Waadf Assets: means Shariah-compliant instruments including but not limited to Waqf Units held by the Wadf Institution; e Waadf Institution: means Wagaf An-Nur Corporation Berhad (Wagaf An-Nur); e Waaf Units: means units of the Fund purchased from cash sourced from waqf contribution held by the Wadf Institution; and e Wagqf: means an endowment (via waqf) of the income distribution charitable purposes nationwide in accordance with Shariah principles. from the Fund for religious or Please refer to Chapter 1 of the Fund’s Prospectus for further information on Glossary of Terms. 11