CIU-1.4.2
The annual report of a
(a) The report of the Board of Directors together with the names of directors and the relevant persons associated with the CIU ;
(b) Audited financial statements, prepared in accordance with IFRS or AAOIFI standards, as applicable, which should include in addition to a balance sheet and income statement a statement of changes in net assets attributable to holders of units;
(c) Details of the investment portfolio classified in accordance with the criteria specified in the offering memorandum policy, their proportion to the net asset value of the CIU , and for unit based CIUs , number of units, and NAV per unit;
(d) The amount of fees, charges and remuneration including any performance fee or carried interest where relevant paid to the operator and to other relevant persons (such as custodian and fund administrator );
(e) Developments concerning the CIU investments during the reference period including income from investments, other income, net income, distributions and income reinvested, increase or decrease of capital accounts, and appreciation or depreciation of investments;
(f) A comparative table covering the preceding 3 financial years (unless the CIU was not in operation for 3 full years in which case, for each year of operation) and including, for each financial year, at the end of the financial year:
a. The total net asset value; and
b. The net asset value per unit for open ended funds;
(g) Transactions and arrangements with connected parties of the CIU operator ; and
(h) The Shari’a advisor report for Shari’a-compliant CIUs .
Added: April 2022