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.
Profit rate is 5% per annum and the payment frequency is 4 times a year. Refer to table below for number of days in the quarter and Schedule of the Quarterly Profit Payment.
|Profit Period||Days||Profit Payment Date|
|21/06/2010 – 20/09/2010||92||21/09/2010|
|21/09/2010 – 20/12/2010||91||21/12/2010|
|21/12/2010 – 20/03/2011||90||21/03/2011|
|21/03/2011 – 20/06/2011||92||21/06/2011|
|21/06/2011 – 20/09/2011||92||21/09/2011|
|21/09/2011 – 20/12/2011||91||21/12/2011|
|21/12/2011 – 20/03/2012||91||21/03/2012|
|21/03/2012 – 20/06/2012||92||21/06/2012|
|21/06/2012 – 20/09/2012||92||21/09/2012|
|21/09/2012 – 20/12/2012||91||21/12/2012|
|21/12/2012 – 20/03/2013||90||21/03/2013|
|21/03/2013 – 20/06/2013||92||21/06/2013|
If you want more information kindly refer to Bank Negara Malaysia webpage listed below.
Bank Negara Press Statement
Sukuk 1Malaysia 2010 Page
List of Agent Banks
Frequently Asked Questions
Download Subscription Form
May I know what is the form of dividend? As I know, the ASW2020 pays its dividend as units, so the total units accumulates.
How about this S1M 2010? Is it units or cash money?
For S1M 2010, they pay in cash money credited to your bank account.