| Services Provided Prior to Inception of fund |
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Advice the most appropriate jurisdiction and legal structure for maximum efficiencies. |
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Advice the on the advantages and disadvantages of establishing a fund in a particular jurisdiction. |
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Review of the fund's Accounting Policies. |
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Review the appropriateness of the accounting policies. |
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Check the consistency of Article of Associations and fund's Prospectus with the applicable laws and regulations. |
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Fulfill the funds' managers reporting requirements. |
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Administration and secretarial support |
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| Services Offered After Inception |
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Supervising & monitoring the funds investment activities according to Article of Association. |
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Updating fund accounts. |
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Daily
reconciliations. |
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Preparing
Net Assets Value Reports and other reports required by
fund mangers. |
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Safe
custody of investment instruments. |
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Updating
fund manager with bank balances. |
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Disclosing
information required by laws and regulations. |
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Maintaining
Fund's Unit Holders Register, if requested. |
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Value
Added Services |
| GCC-Fund Custody View |
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| Secure payment transfer by SWIFT |
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Gulf Custody Company accepts and transmits ISO 15022 compliant messages through the SWIFT network. |
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Other Services for Islamic Funds |
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Zakat Calculation |
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Dividends Cleansing |
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Compile Financial Statements based on Islamic Accounting Standards issued by
(AAOIFI), if requested. |
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