Disclaimer

Investors are advised to read and understand the respective prospectus/information memorandum and deed of trust before investing in the fund. If in doubt, please consult your financial adviser. Unit trust funds are offered solely based on the information contained in the electronic prospectus and other information is not part of the electronic prospectus. Printed copies of the prospectus/Information Memorandum and application forms are available at Permodalan BSN Berhad which is responsible for the internet space where the electronic prospectus and application forms are included. This unit trust fund is only available for sale in Malaysia or to anyone in Malaysia.

BSN Dana Dividen Al-Ifrah

The Fund aims to provide investors with income and capital appreciation through a diversified portfolio of Shariah-compliant investments over medium to long term period. The Fund also aims to facilitate investors who wish to channel part of their income distributions for wakaf purposes. Any material change to the investment objective of the Fund would require the Unit Holders’ approval.

Name of Fund BSN Dana Wakaf Al-Ikhlas (the “Fund”)
Fund Category Mixed Asset Shariah Fund
Management Company Permodalan BSN Berhad 199401034061 (319744-W) (the “Manager”)
The Trustee AmanahRaya Trustees Berhad 200701008892 (766894-T)
The Shariah Adviser Tawafuq Consultancy Sdn Bhd 201501036171(1161491-M)
Wakaf / Waqaf Administrator Yayasan Waqaf Malaysia (PPAB-02/2008)
Base Currency Ringgit Malaysia (“RM”)
Financial Year End 31 December
Asset Allocation
Securities Exposures
Shariah-compliant equities, Islamic CIS, Shariah-compliant equity-linked instruments such as rights, warrant, Shariah-compliant securities going for listing. 20%-80% of NAV of the Fund.
Sukuk, Islamic money market instruments and Islamic deposits. 20%-80% of NAV of the Fund.

The balance of the NAV that is not invested in Shariah-compliant stocks listed on Bursa Malaysia will be invested in Islamic money market instruments, Islamic deposits, sukuk and any other form of short-term investments/instruments which are Shariah-compliant.

Investment in sukuk or Islamic money market instruments which include, but not limited to Islamic accepted bills, Islamic negotiable instruments and / or sukuk with a minimum credit rating of P1/A by RAM Rating Services Berhad (“RAM Ratings”) or any equivalent credit rating by Malaysian Rating Corporation Berhad (“MARC”). Any downgraded in the credit rating of the instruments would require a thorough re- evaluation and be tabled to the Panel of Investment Adviser or oversight committee for deliberations.
Investors’ Profile Who wish to contribute part of their income distribution for wakaf; and seeks growth and capital gains with medium to long term investment horizon.
Specific Risks

The specific risks of the Fund are as follows:

·   Particular Shariah-compliant stock / securities risk;

·   Shariah-compliant warrant risk

·   Interest rate risk

·   Islamic CIS Risk

·   Reclassification of Shariah status risk; and

·   Credit and default risk.

Please refer to the Prospectus under the heading “Specific Risk” for full details of the abovementioned risks.
Sales Charge up to 3.00% of the NAV per unit.
Minimum Initial Investment The minimum initial investment for the Fund is RM100.00 for individual investor and RM5,000 for institutional investor. The manager to accept any amount lower than RM5,000 at its discretion.
Minimum Holdings The minimum holding for the Fund is 300 Units or such other amount as the Manager in its sole discretion allows from time to time.
Minimum Additional Investment The minimum additional investment for the Fund is RM100.00 for individual investor and RM1,000 for institutional investor.
Cooling-off Policy

 Investors who are qualified for the cooling-off right may obtain a refund on their investment in the Fund if they so requests within the cooling-off period, i.e., the period of six (6) Business Days commencing from the date of receipt of the application for units by the Manager.

The cooling-off right is only given to an investor who is investing for the first time in any of the unit trust funds managed by the Manager.

A staff of the Manager or a person registered with a body approved by the SC to deal in unit trusts is not entitled to a cooling-off right.

 
Redeeming an Investment

Unit holders may redeem their investments in the Fund at any point in time by completing the prescribed redemption request form and returning it to the Manager on any business day; this form is available at the office of the Manager or any authorised distributors/agents of the Manager. For details of the distributors channels, please refer to the Chapter 9 Additional Information of the Prospectus.

Any redemption request received or deemed to have been received by the Manager on/or before 4.00 p.m. (“the cut-off time”), the redemption price would be the NAV per Unit at the end of the Business Day on which the redemption request is received by the Manager. Any redemption request received or deemed to have been received after this cut-off time would be considered as having been received on the next Business Day and would be based on the NAV per Unit on the next Business Day.

In a case where the Units are standing in the names of more than one unit holder, where mode of holding is specified as “Joint Application”, all joint holders will have to sign the redemption requests. However, in cases of holding specified as “Either Applicant to sign”, any one of the unit holders will have the power to make redemption requests, without it being necessary for all the Unit holders to sign. In all cases, the first-named unit holder will receive the proceeds of the redemption.

 
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How can we help you?

For any transaction requests such as new investment, top-up of investment, redemption, switching, updating of personal information, statements etc., please e-mail to : operation@pbsn.com.my

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Product Warning Statement

The contents of this website does not constitute a recommendation to invest in any of the products offered by Permodalan BSN Berhad (PBSN).

INVESTORS SHOULD RELY ON THEIR OWN JUDGMENT TO ASSESS THE MERITS AND RISKS OF ANY INVESTMENTS. IN CONSIDERING AN INVESTMENT, INVESTORS WHO ARE IN DOUBT ABOUT THE ACTION TO BE TAKEN SHOULD OBTAIN ADVICE FROM PROFESSIONAL ADVISOR IMMEDIATELY.

For investments in any unit trust fund and / or wholesale fund offered by PBSN, investors are advised to read and understand the contents of the respective fund prospectus / Information Memorandum offering document (Main/ Supplementary and / or replacement - if any) before investing in any fund. The copy of the Prospectus / Information Memorandum / offering document can be obtained at PBSN office or via our website at www.pbsn.com.my or click < HERE >

Investors are advised that the unit price of each fund or the income distribution, if any, may fluctuate. There are fees and charges involved, and investors are advised to consider these fees and charges before investing in any fund. Past performance of a fund is not an indication of future performance.

Copies of the relevant Prospectus/Information Memorandum / offering document published on this website (if any) have been registered/lodged/deposited with the Securities Commission Malaysia. However, the Securities Commission Malaysia shall not be responsible for any non-disclosure on the part of PBSN and shall not be liable for the contents of the Prospectus/Information Memorandum / offering document or any form of information relating to PBSN's products/services nor shall it be responsible for any accuracy or completeness thereof and expressly disclaims any liability for any loss arising out of or in reliance on the whole or any part of the contents of the relevant Prospectus/Information Memorandum/offering document or any form of information relating to PBSN's products/services.

Our product offerings are available in Malaysia only. Units for unit trust funds and wholesale funds will only be issued once PBSN has received a completed application form and required document (which includes fund injections). Transactions are not conducted via computer line transmission. Meanwhile, for private mandates, an investment management agreement is required to be entered into between the investor and PBSN before the commencement of the business relationship and / or any transaction is conducted on behalf of the investor. The minimum content of the investment management agreement must be in accordance with the relevant Securities Commission Malaysia guidelines.

Investors are advised that all detail contained in this website are for informational purposes only. If in doubt, it is the responsibility of the investor to consult with legal and/or professional advisors for clarification.

Although every effort has been made to ensure that the information provided is accurate, complete or reliable, PBSN makes no representation, warranty or guarantee as to the accuracy, completeness and reliability of the information provided.

Investors are advised to consider all potential risks involved with their decision to invest in any PBSN product. All forms of investment may have some inherent risks. PBSN is not liable for any direct or consequential losses arising from the use of or reliance on the information as provided on this website.

Investor Statement

I acknowledge that I have read and understood the warning and notice statements as set out above. I also understand that the value of the investment and the income distributions paid, if any, may fall as well as rise, and that the past performance of any investment is not necessarily indicative of future performance .I acknowledge that when investing in any unit trust fund or wholesale fund or other product offered by PBSN, I am aware of the investment risks of such product.

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