AmanahRaya Investment Management Sdn Bhd

As of 6th November 2009, AmanahRaya-JMF Asset Management Sdn Bhd had officially changed its name to AmanahRaya Investment Management Sdn Bhd (ARIM). ARIM is a wholly owned subsidiary of Amanah Raya Berhad and was incorporated on 28th July 1994.

The company was established under the name of Fideluty Asset Management Sdn Bhd, which was incorporated on 10 February 1995 by Datuk Mohamed Azahari Mohamed Kamil and Mr. Tai Siong Choi.

On 6 December 1995, Johor Corporation ("JCorp") and Malay Officers’ Cooperative Credit and Investment Society ("MOCCIS") subscribed to 31% and 20% stake respectively in the Company. Accordingly, the Company’s name was changed to JMF Asset Management Sdn Bhd ("JMF"), reflecting the initial participation of the two institutional shareholders.

In an effort to further develop its technical capabilities and tap opportunities available in the global markets, in June 1999 the Company invited Dexia Asset Management (Asia) Ltd ("Dexia"), a wholly-owned subsidiary of Banque Internationale A Luxembourg (Asia) Ltd, to subscribe to a 40% stake. Due to the internal corporate restructuring of Dexia Group of Companies, Dexia withdrew its stake from JMF three years later.

Following the rationalisation and restructuring of JCorp in July 2003, Sindora Berhad, a subsidiary of Jcorp, a Main Board Public Listed Company, acquired 75% equity in JMF with the remaining 25% held by the two co-founders.

On 28 September 2005, ARB acquired 70% equity in the Company, thus giving birth to an enlarged and stronger entity known as AmanahRaya-JMF Asset Management Sdn Bhd ("ARJMF"). The acquisition enables ARB to leverage on JMF’s track record and technical expertise.

Unit Trust information

AmanahRaya Unit Trust Management began its operations under the name of Amanah Raya Asset Management Sdn Bhd (ARAM)and was incorporated in Malaysia on 17 November 2000 and is a subsidiary of ARB. As at 31 December 2006, it has an authorised share capital of RM25 million and an issued and paid-up capital of RM15 million.

ARIM Unit Trust was established with the objective of segregating investment operations that had been performed by ARB’s Investment Department, in order for ARB to concentrate on its core businesses of trust and legacy management. ARIM Unit Trust’s aim is to develop its competencies and capabilities in various areas of investment services, along with other aspects of fund management.

ARIM Unit Trust will be responsible for the day-to-day management of the Fund, which includes maintaining a register of Unit holders, arranging the sale and redemption of units, ensuring that the Fund has sufficient holdings in liquid assets, calculating the amount of income to be distributed to Unit holders and maintaining proper records of the Fund.

ARIM Unit Trust has total staff strength of eleven (11) management and executive staffs and one (1) non-executive staff as at 31 January 2009.

Total Funds under management are:

  1. AmanahRaya Unit Trust Fund (ARUTF)
  2. AmanahRaya Syariah Trust Fund (ARSTF)
  3. AmanahRaya Islamic Equity Fund (ARIEF)
  4. AmanahRaya Islamic Cash Management Fund (ARICMF)
  5. AmanahRaya Islamic Capital Protected Fund (ARICPF)
  6. AmanahRaya Cash Management Fund (ARCMF)
  7. AmanahRaya Islamic Cash Management Fund II (ARICMFII)

Summary of Financial Position of the ARUTM.

 Audited
Financial years ended 31 December

2008

2007

2006

Paid-up capital (RM)

15,000,000 15,000,000 15,000,000

Shareholder’s funds (RM)

13,036,773 12,506,264 12,597,795

Turnover(RM)

 3,792,390 2,086,334 235,140

Pre-tax profit/(loss)    (RM)

 705,395 (28,406) (3,528,857)

After tax profit/loss (RM)

530,509 (91,531) (3,537,334)

 

 

 

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