Bank Islam Malaysia Bhd launched a new Islamic structured investment product called Ziyad NID-i. This is the second Islamic Structured Investment by Bank Islam Malaysia Berhad. Ziyad NID-i is a 5 year investment in the form of Islamic Negotiable Instruments (INI) based on the concept of Mudharabah Muqayyadah.
Ziyad NID-i is designed for investors who hold the view that Asia’s equity market will recover in the medium-to-long term.
Ziyad NID-i will be invested in a basket of six stocks that are expected to benefit from massive stimulus plans undertaken by various Asian governments. The stocks are China Mobile Ltd and CNOOC Ltd from China, Panasonic Corp, Canon Inc and KDDI Corp from Japan, and Australia’s BHP Billiton.