Advisers

Fund Management Function

The fund management function of Aberdeen Islamic World Equity Fund has been delegated to Aberdeen Asset Managers Limited.

The fund management function of Aberdeen Islamic Asia Pacific Ex-Japan Equity Fund has been delegated to Aberdeen Standard Investments (Asia) Limited.

Aberdeen Asset Managers Limited

The Manager has delegated the fund management function of the Fund to Aberdeen Asset Managers Limited. Aberdeen Asset Managers Limited’s duties include, amongst others, managing the Fund’s investments in accordance with the objective, investment strategy and policy, permitted investments and investment restrictions and limits of the Fund. Aberdeen Asset Managers Limited is the principal operating arm of Aberdeen Asset Management PLC, which has been listed on the London Stock Exchange since 1991. Regulated by the Financial Services Authority, the company manages corporate funds, investment trusts, unit trusts and life and pension funds and has been doing so since 1988.

As at 30 September 2016, Aberdeen Asset Managers Limited is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect the business/financial position of the Manager and any of its delegates.

Aberdeen Asset Management Asia Limited

The Manager has delegated the fund management function of the Fund to Aberdeen Asset Management Asia Limited which is regulated by the Monetary Authority of Singapore. Aberdeen Asset Management Asia Limited’s duties include, amongst others, managing the Fund’s investments in accordance with the objective, investment strategy and policy, permitted investments and investment restrictions and limits of the Fund. Aberdeen Asset Management Asia Limited, a wholly-owned subsidiary of Aberdeen Asset Management PLC, was established in Singapore in May 1992, as the regional headquarters of the Aberdeen Group to oversee all of its Asia-Pacific assets, including collective investment schemes. Aberdeen Asset Management Asia Limited has managed collective investment schemes and/or discretionary funds since May 1992.

As at 30 September 2016, Aberdeen Asset Management Asia Limited is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect the business/financial position of the Manager and any of its delegates.

Shariah Adviser

Amanie Advisors Sdn Bhd

Amanie Advisors Sdn Bhd (''Amanie'') is a Shariah advisory, consultancy, training and research and development boutique for institutional and corporate clientele focusing on Islamic financial services. Amanie is a registered Shariah advisory company for Islamic unit trust with the SC. It has been established with the aim of addressing the global needs for experts' and Shariah scholars' pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial goals in accordance with the Shariah Principles. Amanie also focuses on organizational aspect of the development of human capital in Islamic finance worldwide through providing updated quality learning embracing both local and global issues on Islamic financial products and services.

The company is led by Datuk Dr. Mohd Daud Bakar and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industry both in Malaysia and the global market. Currently the team comprises of seven (7) full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education.

Amanie meets every quarter to address Shariah advisory matters pertaining to our Shariah-compliant Funds’ investments. Since 2005, Amanie has acquired thirteen (13) years of experience in the advisory role of unit trusts and as at 30 November 2018 there are more than 170 funds which Amanie acts as Shariah adviser.

The roles of Shariah Adviser are:

  1. To ensure that the Fund is managed and administered in accordance with Shariah Principles.
  2. To provide expertise and guidance in all matters relating to Shariah Principles, including on the Fund's deed and prospectus, its structure and investment process, and other operational and administrative matters.
  3. To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
  4. To act with due care, skill and diligence in carrying out its duties and responsibilities.
  5. Responsible for scrutinizing the Fund's compliance report as provided by the compliance officer and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund's investments are in line with Shariah Principles.
  6. To prepare a report to be included in the Fund's interim and annual reports certifying whether the Fund have been managed and administered in accordance with Shariah Principles for the period concerned.

The designated person responsible for Shariah advisory matters of the Fund is Datuk Dr. Mohd Daud Bakar as the Chairman. Other consultants are:

  1. Amran Ibrahim
  2. Ahmad Anas Fadzil

Warning
Risk warning – The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the risk factors in the prospectus for general and specific investment risks attached to the individual funds.