Corporate Profile of The Manager
AmanahRaya Investment Management Sdn Bhd (“ARIM”) is a licensed asset management company under the Capital Markets and Services Act and a wholly-owned subsidiary of Amanah Raya Berhad. As at December 2011, the authorized and paid-up capital of ARIM stood at RM25 million and RM10 million, respectively.
With effect from 21 January 2010, ARIM has taken over the role of the Manager for the Funds from AmanahRaya Unit Trust Management Sdn Bhd (“ARUTM”).
Asset under management as at 30th September 2016 is approximately RM5.847 billion with the total number of five (5) funds under ARIM, which makes ARIM one of the biggest non-bank backed fund management companies in Malaysia. The asset under management covers both Shariah and non-Shariah mandates. Over the years, ARIM has invested vast resources in building up its infrastructure to provide a top notch fund management service.
ARIM also has wealth of experience and competency in managing multiple asset classes, for both Ringgit and non-Ringgit based investments, which include but not limited to equity, fixed income, unit trust, property, structured products and private equity.
Currently, ARIM’s list of clients include reputable pension funds, insurance companies, government agencies, non-profit foundations, public listed companies and high net-worth individuals.
Summary of Financial Position of ARIM
Unaudited (in RM)
results for two (2)
28th February 2017
Unaudited (in RM)
results for twelve (12)
31st December 2016
Year 2015 2014 2013 Paid-up capital 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 Shareholder’s funds 15,221,494 14,112,876 12,952,545 12,739,198 15,165,139 Turnover 2,880,153 17,006,230 23,834,473 18,943,249 17,266,770 Pre-tax profit/(loss) 1,458,618 6,517,856 14,032,858 9,322,203 7,140,406 After-tax profit/(loss) 1,108,617 5,660,329 11,208,943 7,573,059 5,774,199
Profile of The Key Management Staff of ARIM
Meor Khairi Bazid
Managing Director / Chief Executive Officer
Meor Khairi Meor Mohd Bazid was appointed to the Board on 27 February 2013. He holds a Bachelor of Business Administration (Finance) and Master of Business Administration (Finance) from University of Toledo, Ohio, USA. He was a recipient of Jabatan Perkhidmatan Awam's full scholarships at both undergraduate and graduate levels.
He began his working career as a Corporate Banking Officer at Arab Malaysian Merchant Bank in 1992, which back then was the biggest merchant bank in the country. In 1993, he joint DR Group Holdings as Assistant Finance Manager, where he was responsible in overseeing the group's cash flows, investment as well as insurance portfolio. His career then progressed into fund management industry when he began working as Assistant Portfolio Manager at SJ Asset Management ("SJAM") in 1995 and was appointed as the Chief Investment Officer of SJAM in 2003.
In April 2008, after almost thirteen years, he left the aforementioned company to join ARIM, first as General Manager, Equity Research and later as the Chief Investment Officer. Besides overseeing the Research Department, he is also responsible in formulating the asset allocation and equity strategies. He has more than a decade of experience in investment in the Asian region. He had done extensive research work and company visits around the region in the last 14 years.
He holds a Capital Markets and Services Representative’s License under the Capital Markets & Services Act (2007) since 1995. He is familiar with investment product, trading system and risk management developments.
Mohd Amir Shah Basir
Chief Operating Officer
Mohd Amir Shah joined Amanah Raya Berhad as an Accountant in year 2004 and was attached to various Departments including Operations and Accounts and Finance Department. He was entrusted to oversee the Trust and Estate Accounts and Operations besides managing the Company’s and Group’s Accounts. He joined ARIM in year 2008.
Prior to joining Amanah Raya Berhad, he was working at PriceWaterHouseCoopers (“PWC”) for more than 4 years. During his tenure with PwC, he was attached to the Audit Business Assurance and Advisory Services under the Financial Industry Group and had been exposed to a wide range of Financial Services areas including Banking, Insurance, Investment, Asset Management and Unit Trust.
He holds a Master of Business Administration in Finance from Putra University of Malaysia and Bachelor of Accountancy (Hons) from International Islamic University. He is also a Chartered Accountant and a Certified Financial Planner.
Rusli Abu Yamin
Head, Marketing and Investment Services
En. Rusli Abu Yamin has more than 20 years’ experience in investment management industry. His previous roles have included responsibility for institutional sales, business retail market, asset management and corporate planning during his previous stints with Permodalan Nasional Berhad (PNB), Kumpulan Perangsang Selangor, Tabung Amanah Saham Selangor, HL Securities, JF Apex Securities and ASM Investment Services.
He has an MBA from Ohio University, Athens USA and a Bachelor of Economics (Hons) from Universiti Kebangsaan Malaysia. He is a holder of a Capital Market & Services Representative License since 2006.
General Manager, Head of Fixed Income: Responsible person for ARUTF and ARSTF
Roszali Ramlee joined the company in April 2014 and is responsible in spearheading the fixed income investment team. He has more than 25 years of experience in capital market industry. Prior to joining the company, he was a Senior Fund Manager in Manulife Asset Management, UniAsia Life Assurance and a Senior Dealer with RHB Sakura Merchant Bankers Berhad.
Roszali holds a degree of Bachelor in Business Administration in Finance from University of Toledo, USA. He is a holder of Capital Market and Services Representative’s license and license holder of Persatuan Pasaran Kewangan Malaysia (PPKM). He was a recipient of Most Astute Investor in Malaysian Ringgit Bond by The Asset Magazine in 2011,2015 & 2016.
Ridza Ahmad Jalaludin
Head, Compliance - Designated Compliance Officer
Ridza Ahmad Jalaludin joined AmanahRaya Investment Management Sdn Bhd (“ARIM”) in November 2011 and oversees the compliance functions in both the Fund Management and Unit Trust Management activities. He has with him 8 years of experience in regulatory monitoring after previous stints at AmanahRaya-JMF Asset Management Sdn Bhd, AmanahRaya Unit Trust Management Sdn Bhd, AmanahRaya Investment Management Sdn Bhd and Nomura Islamic Asset Management Sdn Bhd. Currently, he is the designated Compliance Officer and responsible for all compliance matter at ARIM.
He graduated from the MARA University of Technology (UiTM) with a Bachelor Degree in Corporate Administration majoring in Company Secretarial. He is also registered as a Compliance Officer with the Securities Commission.
Head, Human Resources & Administration
Lili Ghazali joined Operations & Finance Department of AmanahRaya Investment Management Sdn Bhd (“ARIM”) in June 2006 before appointed as the Head of Human Resources & Administration in January 2010. Prior joining ARIM, Lili has over 8 years of working experience in Accounts and Finance department at Bangi Heights Development Sdn Bhd (Subsidiary of UM Land Berhad) and Negara Properties (M) Berhad . Lili graduated with a Bachelor of Commerce and Management, Majoring in Accounting from Lincoln University, New Zealand.
Yap Jia Huey
Senior Manager, Equities: Responsible person for ARIEF
Yap Jia Huey joined the company in May 2011 as an Equity Fund Manager. Prior to this, she was with Uni.Asia Life Assurance and SBB Mutual where her experience includes managing equity funds, research as well as product development. She has more than 10 years of experience in the investment industry.
She holds an MBA (Finance) from Nottingham University and B. App. Science (Mathematics and Economics) from Universiti Sains Malaysia. She is a license holder of Capital Market & Services Representative and Persatuan Pasaran Kewangan Malaysia (PPKM).
The Investment Committee
There are three (3) members on the Investment Committee of ARIM consisted of three (3) Independent Members. Role of the Investment Committee
The investment committee approves or recommends investment policies and procedures. The committee will continuously monitor the implementation of the investment policies against the predetermined benchmarks towards achieving a proper performance of the Fund. The investment committee will meet at least once every quarter or such other times as may be decided by the Chairman.
Members of the Investment Committee
Datuk Mohamed Adnan bin Ali (Chairman) (Independent, Non-Executive) Datuk Mohamed Adnan Ali was appointed as a Chairman of ARIM effectively on 30 January 2013.Datuk Mohamed Adnan Ali, was appointed to the Board on 1 October 2005. He was formerly Accountant-General, Malaysia. He had served as an Accountant with various Ministries such as Ministry of Trade and Industry, Ministry of Energy and Public Works. He was also a Senior Manager, Investment with the Employees Provident Fund ("EPF"), Treasurer of International Islamic University Malaysia and Bursar of Universiti Teknologi Malaysia.He does not sit on the Board of any public listed companies in Malaysia.Datuk Mohamed Adnan Ali is a Fellow, Chartered Institute of Management Accountants, United Kingdom. Azhar bin Harun (Independent, Non-Executive) Azhar Harun was appointed to the Board of ARIM on 25 January 2010. Azhar Harun has a total of 23 years working experience gained in progressively higher positions of responsibility, with 10 years of international posting as expatriate staff with US multinational corporations based in Turkey, Johannesburg and Singapore. These are best illustrated during his tenure with The Singer Company.In August 1997 he was promoted to Area General Manager for Singer's operations in Sub-Saharan region of Africa responsible for marketing and distribution of Singer and Akai products in eleven countries. He was subsequently appointed as Senior Director, Marketing Services and Distributor Development at The Singer Company worldwide corporate marketing headquarters in Singapore.In view of his desire to be domiciled in Malaysia, he has taken a position as Chief Executive Officer at Assunta Hospital beginning September 2002. He was later selected as a Board Member to the Association of Private Hospital Malaysia (APHM) in July 2004. In November 2006, he joint UM Holdings, managing all the business operations of University Malaya comprised healthcare, hospitality, IP commercialization, publications and property development. Azhar Harun holds an MBA from University of Nottingham, UK. Tuan Haji Zulkifly bin Sulaiman (Independent, Non-Executive) Tuan Haji Zulkifly Sulaiman was appointed as director on 25 February 2013He has extensive and knowledge in banking having held various positions in the banking industry for 32 years. He was a former Chairman of Internal Audit Committee at Prudential Al-Wara Islamic Asset Management Company. His experience includes serving at Malayan Banking Berhad (MAYBANK), Phileo Allied Bank (PHILEO) and United Malayan Banking Corporation (UMBC).Tuan Haji Zulkifly Sulaiman holds a Bachelor Dergree in Economics from University of Malaya. He currently sits on The Board of AmanahRaya Group of companies.
The Outsourced Function
On 25th June 2012, Securities Commission Malaysia has approved the ARIM’s Internal Audit and Risk Management function to be outsourced to Amanah Raya Berhad.
Amanah Raya Berhad is the Malaysia's premier trustee company and the holding company for ARIM. Since its establishment as the Department of Public Trustee and Official Administrator on 1 May 1921, AmanahRaya have served the nation for over 90 years and is the market leader in providing trust, legacy management and will-services.
The Department of Public Trustee & Official Administrator was corporatised on 29 May 1995 and on 1 August 1995 commenced its operations as Amanah Raya Berhad.
As trustee and administrator, AmanahRaya's services encompass the legal, financial and administrative duties in preparing trust documents and wills, acting as trustees of trust funds, acting as administrators and executor of deceased estates as well as monitoring the transaction of unit trust funds under our care. AmanahRaya is also involved in the investment of assets held in its Common Fund which pays out competitive dividend to its Beneficiaries.
AmanahRaya is wholly owned by the Government of Malaysia with 99.99% of its shares held by the Minister of Finance (Incorporated) and 0.01% of its shares held by the Federal Commissioner of Lands.
Role and duties of the Service Provider – Internal Audit
Amanah Raya Berhad is to provide independent assurance that ARIM's risk management, governance and internal control processes are operating effectively. Amanah Raya Berhad will conducting the following audit on ARIM.
- Financial audit
- Operational audit
- Special audit
Role and duties of the Service Provider – Risk Management
Consultation, Reporting and Documentation for
- (1) Enterprise Risk Management
- Facilitate and advise on the development of unit-specific risk management
- Undertake operational vulnerability analysis
- Coordinate business improvement
- To facilitate & coordinate risk register preparation
- (2) Financial Risk Management
- Providing independent risk assessment with regard to investment related process
- Develop investment/risk policy; procedure & commentary risk reports
- Advice on investment control and area for improvement
- (3) Business Continuity Management (BCM)
- Develop and maintain a corporate wide Business Continuity Plan (BCP) program
- Perform risk analysis, identify recovery strategies and gaps
- Work closely with IT on BCP
The Shariah Adviser
IBFIM has been appointed as the Shariah Adviser for AmanahRaya Addeen Cash Management Fund (“the Fund”). IBFIM will counsel the mechanism of the operations of the Fund’s activities to ensure that the operations of the Fund comply with Shariah requirements.
IBFIM was incorporated as a company limited by guarantee and not having share capital in Malaysia under the Companies Act, 1965 on 15 February 2007. IBFIM is registered with the SC to act as a Shariah Adviser for Shariah-compliant collective investment schemes and sukuk issuance. IBFIM is also involved in numerous Shariah-compliant private mandates as well as the Shariah Adviser for Islamic REITs and Islamic asset management houses. As at 31st December 2016, IBFIM has 128 fund under its supervision.
Designated person responsible for Shariah matters of the Funds
Dato’ Mohd Bakir Bin Haji Mansor (Chairman, IBFIM Shariah Committee)
Dato’ Mohd Bakir is a member of the Shariah Advisory Body of Syarikat Takaful Malaysia Berhad and sits on the Shariah Panel Committee of Amanah Ikhtiar Malaysia.
Prior to joining IBFIM, Dato’ Mohd Bakir was the Shariah Coordinator at Bank Islam Malaysia Berhad (“BIMB”) and the Secretary of the Shariah Advisory Council of BIMB, from 1984 to 2001. Previously, he served at the National Council for Islamic Religious Affairs in the Prime Minister's Department for 10 years from 1971. He was also a Chief Assistant Director at the Islamic Research Centre for 4 years from 1981. He holds a Shahadah Ulya from Kolej Islam Malaya.
Dato’ Mohd Bakir was awarded “Anugerah Maulidur Rasul 1434H/2013M” by the government of Malaysia for his services in the Islamic finance industry.
Ahmad Zakirullah Bin Mohamed Shaarani (Managing Advisor, Shariah)
Ahmad Zakirullah is a member of Shariah Committee of the United Overseas Bank Malaysia Berhad. He joined IBFIM in February 2008. He is responsible in providing Shariah input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant fund. Prior to joining IBFIM, he served at University Sains Islam Malaysia and PTPL College.
He obtained his Diploma of Shariah Islamiyyah (Honours) from Higher Institute of Islamic and Arabic Language (MADIWA), Perak, Bachelor of Shariah Islamiyyah (Honours) Degree from Al-Azhar University, Egypt and Master’s Degree (with Honours) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia. He is also the designated person responsible for Shariah matters related to the Shariah-compliant fund management-related activities.
Mohd Asyraf Bin Sharunudin (Consultant, Shariah)
Mohd Asyraf Sharunudin became a member of the Shariah Business Advisory team of IBFIM from November 2014. He is responsible in providing input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant unit trust funds. A graduate of the International Islamic University Malaysia in Bachelor of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh)(with Honours) Degree, his career started with the attachment to Shariah Department of Bank Muamalat Malaysia Berhad to deepen and strengthen the Shariah Research Unit for the banking sector. He was also attended the Islamic Capital Market Graduate Training Scheme by the Securities Commission.
At present, he is pursuing his Master’s Degree (with Honours) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia. He also serves as secretary as well as member of IBFIM Internal Shariah Committee (IISC). He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities.