PRU 2.2.15 Guidance for Form PIB 2 — Appendix 9 — Detail of changes in Reserves

Instructional Guidelines

Item No. Item Guidance
2.A9.1 Capital invested Report here the total amount of capital invested by unrestricted PSIA account holders (on balance sheet) gross of provisions. Report similar amounts relating to funds provided by restricted PSIA account holders (off balance sheet).
2.A9.2 Net asset value Report here the net amount after provisions.
2.A9.3 Percentage for profit equalisation reserve Report the percentage used for allocation to the profit equalisation reserves.
2.A9.4 Amount of profit equalisation reserve This represents the amount after the net asset value has been multiplied by the percentage of the profit equalisation reserve. Refer to FAS 11 of AAOIFI.
2.A9.5 Mudarib fee Enter the Mudarib fee which the authorised institution is entitled to receive for undertaking the investment of the funds provided by the PSIA holders. The fee is agreed by the investment account holders and the bank before the implementation of any contract. In case of a loss, the bank is not entitled to any Mudarib fee and the loss is borne by the investment account holders. Refer to FAS 3 of AAOIFI.
2.A9.6 Net amount after Mudarib fee Enter here the balance after the amount of profit equalisation reserve and the Mudarib fee has been deducted from the net asset value.
2.A9.7 Percentage of investment risk reserve Enter here the percentage of the investment risk reserve applicable to the net amount after the mudarib fee.
2.A9.8 Amount of investment risk reserve Enter the amount of the reserve being the product of the balance in Item No. 2.A9.6 multiplied by the percentage in Item No. 2.A9.7 above. Refer to FAS 11 of AAOIFI.
2.A9.9 Amount attributed to PSIAs This amount is the residual amount allocated to the PSIA account holders after the deduction of the amounts for the profit equalisation reserve, mudarib fee and investment risk reserves.