Since YAB Dato Sri Mohd Najib Tun Abdul Razak introduced the concept of “Satu Malaysia” , a series of campaigns have been initiated. Here comes another one, an investment opportunity worth three billion open for Malaysians. After launching Sukuk Rakyat Simpanan on September 2009, Malaysia’s government is going to launch another bond named Sukuk 1 Malaysia 2010 next month, to be exact 21th of June 2010.
After this news was officially announced on 10th May, I guess everyone who heard about it is eagerly searching for details about it. Here is some information for your reference. As usual, this sukuk is being appointed to Bank Negara Malaysia and applications are open to Malaysian citizen whose aged are 21 and above. The minimum allowable investment amount is RM1,000 and the maximum amount of investment per person is RM50,000. Same as previous Sukuk Rakyat Simpanan, it has a three-years tenure. The investors are permited to sell or purchase before the maturity date. Besides its flexibility, it also guarantees a return of 5 percent per annum which will be paid on a quarterly basis through your account.
So, for those who are interested can start to apply at the nearest bank from 20th of May until 9th of June. You can get the subscription service through most of the commercial banks including Islamic banks, Bank Kerjasama Rakyat Malaysia Bhd, Argobank and Bank Simpanan Nasional. After the application, the allocation will only commence after the end of subscription period for Sukuk 1 Malaysia 2010. Thus, applicants need to wait patiently for it to be apportioned accordingly. Successful subscriber will be informed by call or letter regarding the allocated amount.
Lastly, as the fix deposit return rate is so low recently, what are you waiting for? Don’t miss the subscription period for this investment opportunity!