Wholesale Fund

OPUS SHARIAH DYNAMIC INCOME FUND

To achieve higher returns than 12-Month Fixed Islamic Deposit Rate over the medium to long term, while preserving capital and providing opportunity for income.

MYR 0.9802

Latest NAV Price (Jun 09, 2023)

MYR 158.39 million

Fund Size (as at May 31, 2023)

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Information

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External Investment Manager

The Manager has appointed Opus Islamic Asset Management Sdn Bhd (formerly known as Abbas Investment Management Sdn Bhd) (“OpusIAM”) as the external investment manager for the Fund with effect from the date of this Second Supplementary Information Memorandum. OpusIAM is regulated by the SC and is licensed to conduct Islamic fund management services. OpusIAM is a wholly owned subsidiary of OpusAM, the specialist in fixed income investment. OpusIAM is following the footsteps of its parent company by specialising in sukuk and sustainable investing. The group has a collective track record of over 15 years in the fund management industry.

The role and responsibilities of OpusIAM include management of the investment portfolio of the Fund in accordance with the investment objective and subject to the CMSA and the Guidelines as well as the terms and conditions of the investment management agreement between OpusIAM and the Manager.

Designated External Fund Manager
This fund is managed by Ahmad Zarul Fitri Bin Mohd Azam, Investment Manager.

Material Litigation and Arbitration
As at 31 March 2023, OpusIAM is not engaged in any material litigation and arbitration, including those pending or threatened, and OpusIAM is not aware of any facts likely to give rise to any proceedings which might materially affect the business or financial position of OpusIAM.

Shariah Adviser

Encik Mohd Fadhly bin Md. Yusoff has been appointed as the Shariah adviser for the Fund.

En. Mohd Fadhly is currently a Member of RHB Islamic Bank Bhd, Sunlife Takaful and Apex Investment Services Berhad Shariah Committee. He has vast knowledge and experience in the Islamic Capital Market (ICM) industry as he was previously the manager for the ICM Department of Securities Commission Malaysia (SC) for 12 years. En. Fadhly was also the Consultant to the SC, for the ICM Department. His responsibilities include managing, supervising and monitoring Shariah-Compliance requirements of Islamic product structures in relation to submissions for issuance of Sukuk, structured products, collective investments and Islamic Real Estate Investment Trust. He also undertook research and development activities in relation to Shariah-compliant ICM products and outlined the criteria and manual for the Shariah-compliant securities. On the regulatory side, he was involved in reviewing and providing technical inputs for Islamic Capital Market Guidelines.

During his time with SC, he participated in various ICM educational/ promotional programmes with universities, JAKIM, Jawatankuasa Fatwa Kebangsaan, Baitul Mal, Bursa Malaysia, local state authorities and local state religious authorities. In addition, he reviewed the curriculum and syllabus for several institutions and programmes which includes the Islamic Banking and Finance Institute Malaysia (IBFIM), International Centre for Education in Islamic Finance (INCEIF) and Securities Industry Development Corporation (SIDC). As for industry development, En. Fadhly contributed by providing technical inputs for “Resolution of the Securities Commission Shariah Advisory Council Book” and participated in preparing the International Organization of Securities Commission (IOSCO) Task Force report for ICM.

In 1995, En. Fadhly was awarded a first class degree in Shariah from the University of Malaya and is currently an accredited trainer for the Islamic Finance Qualification (IFQ) by Chartered Institute for Securities and Investment.

You may download the application forms here.

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