Amanah Hartanah Bumiputera (AHB) was launched in November 2010 with the aim to enable Bumiputera investors to own real-estate assets at prime location.
With an initial fund size of RM1 billion, it was fully subscribed within a few months after launching. There is a plan to increase the fund size by another RM500 million. Bumiputera may subscribed to the fund either own cash or loan facility. The first-year dividend income is at 6.5 percent per annum.
At the financial year end of 30 September 2011, AHB has 55,827 unitholders & 5 assets worth RM800 million while the remaining RM200 million are in cash.
Total profit for the same period was RM60.2 million. Profit from assests least was RM54.4 million while the remaining 5.8 million was from a bank deposit.
The tables below are AHB’s assets list and unitholders distribution.
Pelaburan Hartanah Bhd (PHB), has announced a final interim dividend of 3.25 sen per unit for Amanah Hartanah Bumiputera Unit Trust Fund (AHB) for the period of six months ended 30th September 2011 which also its financial year end.
The total dividend for year 2011 is 5.42 sen for 10-month periods. It would translate to 6.5 percent annual return and comparable with the funds managed by Amanah Saham Nasional Berhad.
The income distribution is tax-exempted and will be directly credited into the unit holders associated bank accounts on 19th October 2011.
Pelaburan Hartanah Bhd (PHB), has announced its first interim dividend of 2.17 sen per unit for Amanah Hartanah Bumiputera Unit Trust Fund (AHB) for the period ending 31st March 2011.
The income distribution is for the period of 4 months. If the subsequent dividend payment is at similar rate, it would translate to 6.51 percent return per year. The figure is comparable with funds managed by Amanah Saham Nasional Berhad.
The dividend will involved a total payment of RM19 million. It is tax-exempted and will be credited into the unit holders’ accounts on 18th April 2011.
Maybank is having a new financing facility called AHB Financing-i. It provides financing for the purchase of Amanah Hartanah Bumiputera (AHB) unit trusts. It is an Islamic loan based on the Shariah principles of Bai’ ‘Inah (sale with immediate repurchase).
Below are the details on AHB Financing-i,
- Individuals age 18 years up to 59 years old
- Malaysian Residents
As highlighted during 2011 Budget, Prime Minister of Malaysia recently launched Amanah Hartanah Bumiputera (AHB) investment fund. AHB is managed by Pelaburan Hartanah Bhd (PHB) and has the fund size of 1 billion units. The fund size will be increased by another 500 million units next year.
AHB is a syariah compliant unit trust scheme and it would enable Bumiputera investors to own real estate assets with a minimum investment of RM500 and maximum of RM200,000.
Subsequently, additional investment can be done in multiple of RM100. For withdrawal, investors are allowed to do it once a month with minimum amount of RM500. Minimum account balance is RM500.
It is open to Bumiputera above three months of age, with investors below the age of 18 requiring a Malaysian legal guardian signatory.
The unit trust is a fixed price fund and will be sold at RM1 a unit. Bumiputera who are interested to participate in the scheme can go to Maybank branches nationwide to buy the AHB units.