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Appendix: List of disclosures

The disclosures indicated may be made as part of the periodic financial reporting (marked “F” in Tables 1, and 2), or as part of product information published in connection with new products or changes in existing products - for example, prospectuses and offer documents (marked “P” in Tables 1, and 2). Some disclosures may be made under both headings.

Table 1: Investment Accounts (both Unrestricted and Restricted IAH)

 FP
General Qualitative Disclosures1.Written procedures and policies applicable to the IAs, including a synopsis of the following:
  • range of investment products available from the IB;
  • characteristics of investors for whom various investment accounts may be appropriate;
  • purchase, redemption and distribution procedures; experience of portfolio managers, investment advisors and trustees;
  • governance arrangements for the IAH funds; and
  • procedures for trading and origination of assets.
 √

2.

Disclosure that IAH funds are invested and managed in accordance with Shari’ah requirements.√√
3.Product information and the manner in which the products are made available to investors. √
4.Bases of allocation of assets, expenses and profit in relation to IAH funds.√ 
5.Disclosure on the policies governing the management of both unrestricted and restricted IAH funds, which covers the approaches to the management of the investment portfolio, establishment of reserves, and the calculation, allocation and distribution of profits.√√
General Quantitative Disclosures6.PER-to-IA ratio - that is: Amount of total PER / Amount of Aby type of IAH.√ 
7.IRR-to-IA ratio - that is: Amount of total IRR / Amount of IA by type of IAH.√ 
8.Return on Assets (ROA) - that is: Amount of total net income (before distribution of profit to unrestricted IAH) / Total amount of assets financed by shareholders’ equity and minority interests, unrestricted IAH, and current accounts and other liabilities.√ 
9.Return on Equity (ROE) - that is, Amount of total net income
(after distribution of profit to IAH) / Amount of shareholders ’ equity.		√ 
10.Ratios of profit distributed to IA by type of IAH.√√
11.Ratios of financing to IA by type of IAH.√ 

Table 2: Unrestricted Investment Accounts

   FP
Additional Qualitative Disclosures1.General investment objectives and policies that are offered to the unrestricted IAH based on the general business strategy and risk-sharing policies of the IB (including commingling of funds). √
2.Disclosure on the major changes in the investment strategies that affect the investment accounts (including commingling of funds).√√
3.Method for calculation and distribution of profits. √
4.Rules governing the transfer of funds to or from PER andIRR.√√
5.Bases applied for charging expenses to unrestricted IAH.√√
6.Description of total administrative expenses charged to unrestricted IAH. √
Additional Quantitative Disclosures7.Total amount of unrestricted IAH funds, and sub-totals by asset category.√ 
8.Share of profits earned by unrestricted IAH, before transfers to or from reserves (amount and as a percentage of funds invested).√ 
9.Share of profits paid out to unrestricted IAH, after transfers to or from reserves (amount and as a percentage of fundsinvested).√ 
10.Changes on PER during the year.√ 
11.Changes on IRR during the year.√ 
12.Disclosure of the utilization of PER and/or IRR during theperiod.√ 
13.Profits earned and profits paid out over the past three to fiveyears (amounts and as a percentage of funds invested).√ 
14.Amount of total administrative expenses charged to unrestricted IAH.√ 
15.Average declared rate of return or profit rate on unrestricted IA by maturity (3-month, 6-month, 12-month, 36-month). √
16.Changes in asset allocation in the last six months.√ 
17.Off-balance sheet exposures arising from investment decisions, such as commitments and contingencies.√ 
18.Disclosure of limits imposed on the amount that can be invested in any one type of asset.√√