B E R J A Y A M U T U A L

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Berjaya Mutual Berhad ("Berjaya Mutual") is a subsidiary of Berjaya Capital Berhad. Berjaya Mutual was incorporated in Malaysia on 24 September 1990 under the Companies Act, 1965. The principal business of Berjaya Mutual encompasses the management of unit trust funds and portfolio management.

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About Us

Shariah Adviser

The Manager, Berjaya Mutual Berhad (“Berjaya Mutual”) has appointed Salihin Shariah Advisory Sdn Bhd (“SSA”) as the Shariah Adviser for their Shariah compliant fund namely; InterPac Dana Safi, InterPac Dana Abadi (collectively, they will be referred as “the Funds”) and private mandate. SSA, as the Shariah Adviser to the Funds and private mandate has the role to ensure that the operations and investments of the Funds and private mandate are in compliance with the Shariah requirements through their advisory to the Manager.

The ultimate responsibility for ensuring propose compliance of the Funds and private mandate with all related aspects rest solely with the Manager. The responsibility of the Shariah Adviser is to provide advisory solely for the Shariah-compliant Funds and private mandate only and not inclusive of other conventional funds or private mandates.

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Shariah Adviser

Background

Salihin Shariah Advisory Sdn Bhd is a registered Shariah Advisory firm with the Securities Commission Malaysia (SC). This registration enables Salihin Shariah Advisory Sdn Bhd to advice on all Shariah-based products and services regulated by the SC and to be appointed as a Shariah adviser. Salihin Shariah Advisory Sdn Bhd is a group member firm of Salihin International which is a global network of independent member firms providing professional services in the areas of audit and assurance, tax, corporate advisory, digital consultancy, and Shariah advisory. Leveraging on the experienced international and local Shariah advisers as well as drawing on the global knowledge and resources of Salihin member firms, Salihin Shariah Advisory Sdn Bhd provides advisory and consultancy in Islamic Capital Market, Islamic Banking, Fund Management, Takaful, Islamic Wealth Management, Zakat and Waqf, Training, Shariah Audit/Review, Fintech, among others.

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Salihin Shariah Advisory Sdn Bhd is founded by (Dr.) Salihin Abang in 2010 and the firm is headed and managed by (Dr.) Ahcene Lahsasna as the Chief Executive Officer since 2018. Dr. Ahcene is also the designated person responsible for Shariah advisory matters of the Funds where he is being assisted by the following consultants:

1) Ahmad bin Zainul Abidin, Shariah Officer
2) Zarina Md Desa, Head of Shariah Advisory

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Roles & Responsibilities

In line with SC’s guidelines, the roles of SSA as the appointed Shariah Adviser are as follows: –

  • To ensure that the Fund and private mandate 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.
  • To scrutinize 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 semi-annual 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.

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About Us

The Consulting Team

The following designated persons are responsible for Shariah advisory matters:


Dr. Ahcene Lahsasna

Shariah Adviser


Ahmad bin Zainul Abidin

Shariah Officer


Zarina Md Desa

Head of Shariah Advisory