Inter-Pacific Asset Management Sdn Bhd (IPAM) is a wholly owned subsidiary of Berjaya Capital Berhad. IPAM was incorporated in Malaysia on 24 September 1990 under the Companies Act, 1965. The principal business of IPAM encompasses the management of unit trust funds and portfolio management. IPAM started its unit trust business since 25 July 2007 with the launch of the Funds. As at 31 July 2021, the Company managed Five (5) unit trust (Dana Safi, Interpac-Dynamic Equity Fund, Interpac-Cash Fund, Dana Abadi, Dana Saadi), Two (2) wholesale fund (Interpac Social Enterprise & Responsibility Fund, Dana Ghani), and private mandate.
The Manager, IPAM, is responsible for the overall management and administration of the Funds in line with the Deed, SC’s Guidelines and relevant laws. Its main responsibilities include the following:-
  • Managing the Funds in line with the Funds’ objectives as set out in the Deed
  • Administering the sales/repurchase transactions
  • Issuing reports (interim/annual report) to Unit holders on a timely basis
  • Ensure timely distribution of income or additional units, if any, to Unit holders
  • Maintain proper records of the Funds

The Manager has appointed Inter-Pacific Securities Sdn Bhd (IPS) at Group Level for the supervisory functions of Compliance and Internal Audit and back office functions of Finance, Human Resource and Information Technology. IPS was incorporated on 30 August 1972 and is a Participating Organisation of Bursa Malaysia Securities Berhad as well as a Trading Participant of Bursa Malaysia Derivatives Berhad.

The roles and responsibilities of IPS towards this arrangement shall encompass that of the overall functions of a Compliance Officer who oversees and ensures that the ongoing business activities of the Manager are in compliance with relevant and updated regulatory guidelines and practice, the overall internal audit functions to ensure that the operations of the Manager are conducted in accordance with established internal policies, standard operating procedures, regulatory guidelines and industry practice and the back office functions of Finance, Human Resource and Information Technology to run and to support the Company.

Abdul Halim Bin Haji Noordin

Independent Director
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Tan Mun Choy

Non-Independent Director
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Dato’ Haji Abd Aziz Bin Abu Bakar

Independent Director
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Lim Su May

Independent Non-Executive Director
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Tey Chooi Huan

Non-Independent Director
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Nazzrul Azman Bin Din

Non-Independent Executive Director
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Nazzrul Azman Bin Din

Executive Director
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Elda Mazleen Binti Mazlan

Head, Compliance
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The Investment Committee is responsible for setting and determining the investment policies, objectives, guidelines and strategy of the Funds.The Investment Committee meets at least on a quarterly basis and more frequently when required to discuss investment strategies, to monitor, to measure and evaluate the Fund Manager’s performance, asset allocation and stock selection as well as review and monitor the portfolio performance against benchmarks and compliance issues.They also ensure the investment management of the Funds complies with the provisions of the Deed, the SC Act and Guidelines, securities law and internal investment restrictions and policies.The following persons are members of the Investment Committee for the Funds: –

Abdul Halim Bin Haji Noordin

Independent Member
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Dato’ Haji Abd Aziz Bin Abu Bakar

Independent Member
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Lim Su May

Independent Non-Executive Director
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The Manager has appointed Amanie Advisors Sdn Bhd (“Amanie”) as the Shariah Adviser for Inter Pacific Asset Management’s Shariah compliant fund; ie: InterPac Dana Safi and InterPac Dana Abadi (the “Fund”). As the Shariah Adviser to the Fund, Amanie ’s role is to ensure that the operations and investments of the Fund are Shariah-compliant through their advisory to the Manager. Final responsibility for ensuring proper compliance of the Fund in all relevant aspects rests solely with the Manager. The Shariah Adviser responsibility is to provide the Shariah Advisory solely for the InterPac Dana Safi and InterPac Dana Abadi only in ensuring the Fund is maintained Shariah compliant and does not related to any other funds or mandates which are invested into the Fund.

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 Tan Sri 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. Amanie consultants 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 funds. Since 2005, Amanie has acquired seventeen (17) years of experience in the advisory role of unit trusts with more than 200 funds locally and globally.

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

  1. Suhaida Mahpot, Chief Executive Officer
    Bachelor of Economics (Islamic Economic & Finance), International Islamic University Malaysia
  2. Muhammad Hafizuddin Abd Hamid, Associate Consultant
    Bachelor of Business Administration (Hons) Islamic Banking, Universiti Teknologi Mara

 

In line with SC’s guidelines, the roles of AA as the appointed Shariah Adviser are as follows: –
  • To ensure that the Fund is managed and administered in accordance with Shariah principles.
  • 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.
  • To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
  • To act with due care, skill and diligence in carrying out its duties and responsibilities.
  • 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.
  • To prepare a report to be included in the Fund’s interim and annual reports certifying whether the Fund has been managed and administered in accordance with Shariah principles for the period concerned.
  • To review the Fund’s investments on monthly basis to ensure compliance with Shariah principles or any other relevant principles at all times.

The following designated persons are responsible for Shariah advisory matters:

Datuk Dr. Mohd Daud Bakar

Shariah Adviser
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Suhaida Mahpot

Chief Executive Officer
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Muhammad Hafizuddin Abd Hamid

Assistant Consultant
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The following is a summary of the past performance of the Manager based on audited accounts for the last 3 years.

Year ended 30 June Year ended 30 June
2022 (RM) 2021 (RM) 2020 (RM)
Paid-up Capital 15,000,000 15,000,000 12,000,000
Shareholder’s Funds 23,397,446 19,056,815 10,270,571
Revenue 24,280,331 40,258,862 1,569,447
Pre-tax (Profit/Loss) 6,780,573 12,249,746 (319,855)
After-tax (Profit/Loss) 5,156,005 9,726,850 (299,930)