3.13 Process Unit Holder NPI Preference Detail

This topic provides the systematic instructions to set up an Unit Holder NPI payment preference.

As per Shariah principle of cleansing the fund of impure income the earnings derived out of any dividend exceeding a certain benchmark cannot be reinvested. This portion of the earnings is classified as Non Permissible Income (NPI). The investor can either choose to receive the NPI component as income or pay the same to a trust.

1. On Home screen, type UTDUHNPI in the text box, and click Next.
   The Unit Holder NPI Preference Detail screen is displayed.

   Figure 3-15 Unit Holder NPI Preference Detail

   
   

   
   Description of "Figure 3-15 Unit Holder NPI Preference Detail"

   
   
2. On Unit Holder NPI Preference Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 3-13 Unit Holder NPI Preference Detail - Field Description

   Field	Description
   Unit Holder ID	Alphanumeric; 12 Characters; Mandatory Specify the ID of the unit holder for whom you are maintaining the NPI preferences in this screen. You can also query for unit holder ID by clicking Find UH button.
   CIF Number	Display The system displays the CIF number.
   Unit Holder Name	Display The system displays the name of CIF unit holder for the selected unit holder ID.
   NPI Payment	Mandatory If the investor opts to receive the NPI Payment as income, then select Pay to Unit Holder from drop-down list.
   Remarks	Alphanumeric; 255 Characters; Optional You can enter any applicable narrative or descriptive text here.