Bond & Sukuk

Sukuk 1Malaysia 2010 Open for Subscription

May 20, 2010 2 comments

Bank Negara Malaysia (BNM), Islamic, Sukuk

As posted before on Sukuk 1Malaysia 2010 (S1M 2010) , starting today 20th May 2010, fund subscription is opened to public. The subscription period is between 20th May to 9th June 2010.

If you are interested, make sure you subscribe quickly because the similar Sukuk Simpanan Rakyat (SSR) with bigger fund size launched last year was fully subscribed within 9 days. Assuming similar subscription rate, Sukuk 1Malaysia 2010 may be fully subscribed in 4 to 5 days.

The main different between S1M 2010 and SSR is you may sell or purchase after the subscription period subjected to fund availability. However, please bear in mind that any purchase made after the subscription period you will be charged 0.1% from purchase value.

If you want to know how to calculate profit made from S1M 2010, you may refer to the formula below.

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Sukuk 1Malaysia 2010 with 5% Return per Year

May 11, 2010 9 comments

Bond & Sukuk

Bank Negara Malaysia (BNM), Islamic, Sukuk

After receiving a good response from general public on Sukuk Simpanan Rakyat (SSR) launched last year, Government will be issuing a new RM3bil worth of Sukuk 1Malaysia 2010.

Bank negara was appointed on behalf of The Ministry of Finance to issue the Sukuk. The sukuk, which will be scripless and based on Shariah principles.

It has a 3-year tenure and offers a return of 5% per annum. Profit payments will be made on a quarterly basis through the sukukholders’ accounts with their agent banks.

If you are interested to subsrcribe, you may apply during the subscription period starting from 20th May to 9th June 2010. You better make a quick decision as the previous Sukuk Simpanan Rakyat (SSR) were fully subscribed within nine days.

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