Fund Overview and Management

The Manager is abrdn Islamic Malaysia Sdn Bhd (“AIMSB”), whose place of business is at Suite 26.3 Level 26, Menara IMC, No. 8 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

AIMSB is a locally incorporated foreign financial institution involved in Islamic asset management. A wholly-owned subsidiary of abrdn Malaysia Sdn Bhd, it was awarded the Islamic fund management licence in March 2009. Our long term objective is to build an Islamic asset management business, beginning with Malaysian investors - both institutional and retail. The abrdn Group has been managing funds for almost three decades, and been operating in the region for almost 20 years. With an international presence, we hope to extend our Shariah asset management services to clients globally.

The Manager currently manages abrdn Islamic World Equity Fund. It is also responsible for abrdn Group’s Shariah business.

The board of directors (“the Board”) is responsible for the overall management of the Manager and the Funds. The Board not only ensures corporate governance is practised but policies and guidelines are adhered to. The Board meets once every quarter of the year to discuss and decide on the business strategies, operational priorities and ways of managing risks within the Manager.

They are:

The Manager’s designated person responsible for the fund management function of the Funds:

Mohd Farid bin Kamarudin, Chief Executive Officer

Mohd Farid bin Kamarudin is the Chief Executive Officer of abrdn Islamic Malaysia Sdn Bhd. He has more than 25 years of investment industry experience where he first started as an Investment Analyst at Permodalan Nasional Berhad (PNB) in 1996 before assuming the role of Portfolio Manager in 2001. Throughout the years he has progressed to assume greater responsibilities at various asset management companies; covering both investment roles as well as business positions. Before joining abrdn, he was the Chief Executive Officer/Managing Director of RHB Asset Management Sdn Bhd.

Mohd Farid holds a LLB Law (Hons) Degree from University of Newcastle Upon Tyne, Certificate of Legal Practice (CLP), Legal Profession Qualifying Board, Malaysia and a Graduate Diploma in Applied Finance and Investment, PNB Investment Institute / Securities Institute of Australia. He also holds a Capital Markets Services Representative’s License for the regulated activity for fund management.

Chris Haimendorf, Senior Investment Director, North American Equities

Chris is a Senior Investment Director in North American Equities at abrdn where he analyses current and prospective holdings and assists with the management of both North American and Global equity portfolios. Chris brings a wealth of experience to the firm. Up until 2014, he managed European equities where he worked as an Investment Director since 2001, having previously covered UK equities. Chris joined the company in 1998 after graduating from the University of Cambridge with a BA (Hons) in Natural Sciences (Physiology) and is a CFA charterholder.

Jamie Mills O'Brien, Investment Director, European Equities

Jamie is an Investment Director and portfolio manager for the Global Innovation Fund and the US & Global Sustainable Funds. Jamie is also part of the Global Sector Research team providing Technology research coverage. He joined the Company on the graduate scheme in 2015 after completing an internship the previous summer. Jamie holds an MA in History from the University of St Andrews and gained a distinction from BPP in the Graduate Diploma in Law and Legal Practice Course. He is also a CFA Charterholder.

Joanna McIntyre, Investment Director, Global Equities

Joanna is an Investment Director responsible for the co-management of US, US sustainable and global sustainable funds. Joanna joined the company in June 2010 from Ernst & Young where she qualified as a Chartered Certified Accountant in 2009. Joanna has worked across several areas of business including Marketing, Product Development and the Real Estate Investment Specialists before joining the Multi-Asset Investment Specialists in early 2013. In January 2015, Joanna joined the Asia & GEM Equity Team before transferring to global equities in 2018. Joanna graduated with a MA in Econometrics and Information Technology from the University of Szczecin. Additionally, she is a CFA charter holder and a Chartered Certified Accountant, ACCA.

The fund management function of abrdn Islamic World Equity (the “Fund”) has been delegated to abrdn Investments Limited and abrdn Inc (the “Fund Managers”).

abrdn Investments Limited is an investment manager entity within the Aberdeen Group. abrdn Investments Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The company manages corporate funds, investment trusts, unit trusts and life and pension funds and has been doing so since 1988.

abrdn Investments Limited manages RM 643.7629 million as at 17 December 2025 for the abrdn Islamic World Equity Fund.

abrdn Inc. is an investment manager entity within the Aberdeen Group. abrdn Inc. has been registered with the SEC since August 1995 and is headquartered in Philadelphia, Pennsylvania.

Corporation Number
abrdn Inc. – Corporation Number F95000004141

Incorporation Date
abrdn Inc. was incorporate in Delaware, United States of America, on January 26, 1994.

As at end September 2025, the Manager is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect the business/financial position of the Manager and any of its delegates.

Amanie Advisors Sdn Bhd (“Amanie”) is a leading Shariah advisory firm specialising in Islamic finance solutions, serving institutional and corporate clients across the Islamic financial services industry. Amanie provides comprehensive Shariah advisory and consultancy services, supported by strong training, research, and development capabilities. The firm is a registered Shariah advisory company for Islamic unit trusts with the Securities Commission Malaysia (“SC”).

Established to meet the growing global demand for proactive and practical Shariah expertise, Amanie partners with industry participants to support the structuring, implementation, and ongoing management of Shariah-compliant financial products and services. Its advisory approach emphasises end-to-end Shariah governance, ensuring continuous compliance in line with evolving regulatory and market expectations.

Amanie’s strength lies in its people. The firm is supported by a dedicated team of full-time, experienced Shariah consultants, bringing industry experience across Islamic banking, capital markets, asset management, takaful, fintech, and regulatory advisory. This depth of expertise enables Amanie to deliver solutions that are not only technically sound, but also practical, scalable, and market-relevant. This expertise is further strengthened by rigorous training and mentorship under renowned Shariah scholars, ensuring that Amanie’s advisory work is grounded in strong Shariah scholarship while remaining practical and industry-relevant.

Beyond advisory, Amanie is deeply committed to human capital development through structured learning programmes that address both domestic and international developments in Islamic finance.

The designated person responsible for Shariah advisory matters of the Funds is Puan Suhaida Mahpot as the Chief Executive Officer supported by Ahmad Anas Fadzil and Ahmad Faizul Rizal Amran as the Shariah Officers. 

abrdn Islamic Malaysia Sdn Bhd, Company No. 200801026015 (827342-W) (the “Islamic Entity”) appointed Citibank Berhad as its fund valuation and fund accounting provider. With a continuing presence in Malaysia for almost 66 (since 1959) years, Citibank Berhad has offered securities services in Malaysia since 1985 and was the first American bank to open a branch in the country. Its roles and responsibilities as the fund valuation and fund accounting agent include:

The Islamic Entity appointed KFin Technologies (Malaysia) Sdn Bhd. (“KFin”) as the registrar and transfer agent. KFin was incorporated in Malaysia on 8 March 2016. The roles and duties of KFin as the registrar and transfer agent include:

CIMB Islamic Trustee Berhad was incorporated on 19 January 1988 and registered as a trust company under the Trust Companies Act, 1949 and having its registered office at Level 13, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral 50470, Kuala Lumpur, Malaysia. The Trustee is qualified to act as a trustee for collective investment schemes approved under the Capital Markets and Services Act 2007.

CIMB Islamic Trustee Berhad has been involved in unit trust industry as trustee since 1990. It acts as trustee to various unit trust funds, real estate investment trusts, wholesale funds, private retirement schemes and exchange traded funds.