AmIslamic Funds Management Sdn Bhd

Growing Your Investments in a Changing World
AmIslamic Funds Management Sdn Bhd (“AIFM”)

AFM has appointed AmIslamic Funds Management Sdn Bhd, a licensed fund manager approved by the SC on 13 January 2009, to implement the Funds’ investment strategy to achieve the objectives of the Funds. AIFM was established on 25 August 2008 to be a dedicated Islamic investment solutions provider which offers a comprehensive and innovative range of Shariah-compliant funds and provides investment management services for all Shariah-compliant assets. AIFM has more than seven (7) years of experience in providing fund management services and is a wholly owned subsidiary of AmInvestment Bank.


More information on AIFM

a) Financial Position

 

b) Assets under Management

As at 30 September 2018, the total number of funds managed by AIFM were 24 with a total fund size of approximately RM8.4 billion.

c) Cross Trade

The Manager may conduct cross trades between funds and private mandates it currently manages provided that all criteria imposed by the regulators are met.

Notwithstanding, cross trades between the personal account of an employee of the Manager and the fund's account are strictly prohibited. The execution of cross trade (if any) will be reported to the Investment Committee and disclosed in the fund's report accordingly.


Key Personnel

We have a dedicated team of specialists who bring the best practices of funds management and operate within the strong legal framework.

Zairulnizad Shahrim
Principal Officer of AmIslamic Funds Management Sdn Bhd
Chitrakala Murugasu
Senior Vice President/ Head of Compliance

Chitrakala Murugasu is the designated person responsible for compliance matters. She is the acting Head of Compliance reporting to the Group Chief Compliance Officer. She has more than 20 years of working experience with a large part of it in the financial services industry. She spent 8 years with Bank Negara Malaysia, legal department and thereafter joined a few commercial banks providing legal advice on investment and treasury activities. She is now responsible for the overall regulatory supervision and compliance of AmInvest. She is a qualified lawyer and was admitted as Advocate & Solicitor, High Court of Malaya as well as Barister-at-Law, Middle Temple, London. She holds a Master of Laws degree from University College London, United Kingdom.

Haslinda Ibrahim
Senior Fund Manager

Haslinda Ibrahim has been in the fund management industry since 1994 and has wide experience inmanaging equities funds as well as research. Her responsibilities include managing Shariah compliant Equities Funds and conducting research, focusing on Indonesian equity. She holds a degree in BSc Econs (hons) in Accounting and Finance from University College of Wales, Aberystwyth, United Kingdom. She also holds the Capital Markets Services Representative’s License.

Wong Yew Joe
Senior Vice President of Fixed Income (Sukuk)

Wong Yew Joe is the Head of Fixed Income of AmIslamic Funds Management Sdn. Bhd. (AIFM). He joined AIFM since July 2014 and has over 15 years of relevant experience in the industry. His current function includes overseeing and managing fixed income mandates in AIFM. His fund management career started with BHLB Asset Management Sdn Bhd (BHLBAM) in Business Development and Corporate Marketing where he supported business development functions that include client servicing and marketing BHLBAM products and services. He subsequently became a credit analyst in SBB Asset Management Sdn Bhd and RHB Asset Management Sdn Bhd (RHBAM). He rose to head the Fixed Income team, and accumulated accolades of fund awards during his 7 years in RHBAM. He subsequently joined Kenanga Investors Bhd (KIB) as Director of Investments to establish and develop KIB’s fixed income capabilities. He has extensive experience in managing and overseeing fixed income portfolios of various mandates, ranging from institutional funds, corporate funds, insurance, government agencies, mutual funds etc. He holds a Bachelor of Commerce (Accounting and Finance) from the University of Southern Queensland, Australia. He also holds a Capital Markets Services Representative’s License for the regulated activity of fund management.


The Board of Directors

The Board of Directors are as follows:

Tai Terk Lin (Independent)

Tai Terk Lin (Independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 15 December 2014. He has experience of more than thirty (30) years in fund management and banking industry, while leading a lot of management initiative projects in unit trust, commercial and private banking as well as wealth management. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, he was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore. He holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education (B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the IBF Advance (IBFA) from the Institute of Banking and Finance Singapore.

Zainal Abidin Mohd. Kassim (Independent)

Zainal Abidin Mohd. Kassim (Independent) is a Fellow of the Institute of Actuaries in the UK since 1986, a Fellow of the Actuarial Society of Malaysia, a Fellow of the Society of Actuaries of Singapore and an Associate of the Society of Actuaries, USA. He has been a Consulting Actuary and Senior Partner with over 30 years of consulting experience with extensive experience in conventional insurance and Takaful for both life and casualty insurance. He also has experience in various assignments on investment consulting for pension and provident funds as well as pension liabilities and pension benefit. Encik Zainal Abidin Mohd. Kassim holds a Bachelor of Science (First Class Honours) in Actuarial Science degree from City University London.

Sum Leng Kuang (Independent)

Sum Leng Kuang (Independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 18 January 2016. She possesses an extensive investment management experience of more than three (3) decades, particularly in managing fixed income investment portfolios, credit evaluation and credit risk management. She has dedicated a total of thirty one (31) years of service to Great Eastern Group until year 2013. As Head of Fixed Income Investment in Great Eastern Life Assurance (M) Berhad, she was responsible for the management of approximately RM40.0 billion in fixed income funds. She has also been actively involved in the development of local fixed income market via active participation in industry dialogues and direct consultations with issuers, investors, rating agencies, regulatory bodies and federal agencies. She is currently a Director of Pacific & Orient Insurance Co. Berhad and has also been appointed as the Investment Advisor of Credit Guarantee Corporation Malaysia Berhad. She graduated from University of Canterbury, New Zealand with a Bachelor of Commerce degree, majoring in Finance. She is also a Certified Financial Planner.

Seohan Soo (Non-Independent)

Seohan Soo (Non-Independent) was appointed to the Board of Directors of AmFunds Management Berhad as a non-independent and non-executive director on 1 August 2018. He is the Chief Executive Officer (“CEO”) of AmInvestment Bank Berhad (the “Bank”) and leads a team comprising strategic lines of business in the AmBank Group with responsibilities for the overall objectives and business strategies and performance targets for the Bank. Seohan joined AmBank Group as the Director / Head, Debt Capital Markets in 2003 and prior to his assuming the role of CEO of the Bank was Executive Vice President, Capital Markets Group (“CMG”). Seohan has more than twenty-three (23) years of investment banking experience at both foreign and local investment banks and has been instrumental in building the Bank’s leadership in fixed income covering debt origination, structuring and distribution. Under his stewardship, CMG has been at the forefront of innovation in the bond/sukuk market and the Bank has been consistently ranked top 3 in the fixed income business. Seohan obtained his Bachelor of Laws from the University of Warwick and Master of Laws from the University of Cambridge and is also a qualified Barrister-at-Laws of Lincoln’s Inn, London and an Advocate and Solicitor of the High Court of Malaya.

Goh Wee Peng (Non-Independent)

Goh Wee Peng (Non-Independent) started her career with AmFunds in September 2002 and was previously the Acting Chief Executive Officer, Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income. As Deputy Chief Executive Officer, she was responsible for the business units of product development and management, institutional and retail business coverage and growth, and fixed income investment strategies. She was also responsible for the growth of fixed income assets under management. Under her leadership, AmFunds grew to be the top five unit trust fund houses in Malaysia, with an award-winning track record that has recently been honoured with Malaysia’s Best Investment Management Company, Best Asset & Fund Manager and Islamic Institutional House of Year awards. She graduated with a degree in Bachelor of Business (Economics and Finance) from RMIT University, Melbourne, Australia. Wee Peng holds a Capital Markets Services Representative’s License, Persatuan Forex License and Dealer’s Representative License and is a member of the Federation of Investment Managers Malaysia (FIMM) and Malaysian Association of Asset Managers (MAAM). She has more than sixteen (16) years’ experience in the funds management industry and the Board has expressed its confidence in her ability to assume the role of the CEO and to effectively discharge the responsibilities that come with it.

Zairulnizad Shahrim (Non-Independent)

Zairulnizad Shahrim (Non-Independent) is currently the Principal Officer of AmIslamic Funds Management Sdn Bhd (AIFM). Previously he was the Head of Islamic Investment Solutions of AIFM. As an Islamic product specialist for the organization, he has over 18 years of experience in the Islamic capital market, Islamic financial services and Islamic funds management industry. He specializes in Islamic capital market activities and his expertise includes all areas of Islamic finance and investment from origination to structuring, covering both Islamic debt, equity instruments and funds management. Prior to joining AmBank Group, he was attached to several organizations such as Hong Leong Islamic Bank Berhad, Securities Commission Malaysia (SC) and Securities Industry Development Corporation. He is actively involved in Islamic finance and capital market development and sits on regulatory and industry panels and working groups such as Malaysian Investment Banking Association (MIBA) Islamic Capital Market Working Group, Association of Islamic Banking Institutions Malaysia (AIBIM) Islamic Capital Market, Investment Banking and Treasury Working Group, Finance Accreditation Agency (FAA), Malaysia as a panel reviewer for Islamic finance and capital Market. He holds Masters in Finance and Investment from University of Nottingham, United Kingdom and a British Council Chevening Scholar. He also holds the Capital Markets Services Representative’s License for the regulated activity of funds management.


The Investment Committee

The Investment Committee meets at least five (5) times a year to review the Fund’s investment objectives and guidelines, and to ensure that the Fund is invested appropriately.

The Investment Committee members are:

Goh Wee Peng

Goh Wee Peng (Non-Independent) started her career with AmFunds in September 2002 and was previously the Acting Chief Executive Officer, Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income. As Deputy Chief Executive Officer, she was responsible for the business units of product development and management, institutional and retail business coverage and growth, and fixed income investment strategies. She was also responsible for the growth of fixed income assets under management. Under her leadership, AmFunds grew to be the top five unit trust fund houses in Malaysia, with an award-winning track record that has recently been honoured with Malaysia’s Best Investment Management Company, Best Asset & Fund Manager and Islamic Institutional House of Year awards. She graduated with a degree in Bachelor of Business (Economics and Finance) from RMIT University, Melbourne, Australia. Wee Peng holds a Capital Markets Services Representative’s License, Persatuan Forex License and Dealer’s Representative License and is a member of the Federation of Investment Managers Malaysia (FIMM) and Malaysian Association of Asset Managers (MAAM). She has more than sixteen (16) years’ experience in the funds management industry and the Board has expressed its confidence in her ability to assume the role of the CEO and to effectively discharge the responsibilities that come with it.

Mustafa Bin Mohd Nor

Mustafa Bin Mohd Nor (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 3 March 2014. He is also a director of KUISAS Berhad and a member of state investment committee, Perak Darul Ridzuan. In total, he has approximately fourty (40) years of vast and diversified experience in economics, investment advisory, stockbroking, unit trust, asset and fund management. He obtained a Masters of Arts (Economic Policy) from Boston University and Bachelor of Economics (Analytical) from University of Malaya.

Tai Terk Lin

Tai Terk Lin (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 15 December 2014. He has experience of more than thirty (30) years in fund management and banking industry, while leading a lot of management initiative projects in unit trust, commercial and private banking as well as wealth management. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, he was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore. He holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education (B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the IBF Advance (IBFA) from the Institute of Banking and Finance Singapore.

Sum Leng Kuang

Sum Leng Kuang (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 18 January 2016. She possesses an extensive investment management experience of more than three (3) decades, particularly in managing fixed income investment portfolios, credit evaluation and credit risk management. She has dedicated a total of thirty one (31) years of service to Great Eastern Group until year 2013. As Head of Fixed Income Investment in Great Eastern Life Assurance (M) Berhad, she was responsible for the management of approximately RM40.0 billion in fixed income funds. She has also been actively involved in the development of local fixed income market via active participation in industry dialogues and direct consultations with issuers, investors, rating agencies, regulatory bodies and federal agencies. She is currently a Director of Pacific & Orient Insurance Co. Berhad and has also been appointed as the Investment Advisor of Credit Guarantee Corporation Malaysia Berhad. She graduated from University of Canterbury, New Zealand with a Bachelor of Commerce degree, majoring in Finance. She is also a Certified Financial Planner.

Zainal Abidin Mohd. Kassim

Zainal Abidin Mohd. Kassim (independent) is a Fellow of the Institute of Actuaries in the UK since 1986, a Fellow of the Actuarial Society of Malaysia, a Fellow of the Society of Actuaries of Singapore and an Associate of the Society of Actuaries, USA. He has been a Consulting Actuary and Senior Partner with over 30 years of consulting experience with extensive experience in conventional insurance and Takaful for both life and casualty insurance. He also has experience in various assignments on investment consulting for pension and provident funds as well as pension liabilities and pension benefit. Encik Zainal Abidin Mohd. Kassim holds a Bachelor of Science (First Class Honours) in Actuarial Science degree from City University London.


Fund Managers
Haslinda binti Ibrahim
Designated fund manager for all Shariah-compliant equity and Shariah-compliant mixed assets funds, AmPRS – Islamic Equity Fund, AmPRS – Islamic Balanced Fund and AmPRS – Islamic Fixed Income Fund

Haslinda is the Vice President, Equities. She has been in the fund management industry since 1994 and has wide experience in managing equities funds as well as research. Haslinda is responsible for managing Shariah institutional clients’ equity mandates and unit trust funds. Her career in funds management started with PFM Capital Sdn Bhd as an investment executive in the research department, prior to joining AmInvest in 2000. She holds a Bachelor of Economics (Hons) in Accounting and Finance, University College of Wales, Aberystwyth. She holds the Capital Markets Services Representative’s License (CMSRL) for the regulated activity of fund management.

Wong Yew Joe
Designated fund manager for all Shariah-compliant fixed income, Shariah-compliant money market funds and AmPRS – Dynamic Sukuk

Yew Joe is the Head of Fixed Income of AmIslamic Funds Management Sdn. Bhd. (AIFM). He joined AIFM since July 2014 and has over 15 years of relevant experience in the industry. His current function includes overseeing and managing fixed income mandates in AIFM. His fund management career started with BHLB Asset Management Sdn Bhd (BHLBAM) in Business Development and Corporate Marketing where he supported business development functions that include client servicing and marketing BHLBAM products and services. He subsequently became a credit analyst in SBB Asset Management Sdn Bhd and RHB Asset Management Sdn Bhd (RHBAM). He rose to head the Fixed Income team, and accumulated accolades of fund awards during his 7 years in RHBAM. He subsequently joined Kenanga Investors Bhd (KIB) as Director of Investments to establish and develop KIB’s fixed income capabilities. He has extensive experience in managing and overseeing fixed income portfolios of various mandates, ranging from institutional funds, corporate funds, insurance, government agencies, mutual funds etc. He holds a Bachelor of Commerce (Accounting and Finance) from the University of Southern Queensland, Australia. He also holds a Capital Markets Services Representative’s License (CMSRL) for the regulated activity of fund management.