Islamic

HSBC Amanah has a new credit card promotion where MPower Visa Platinum Credit Card-i card holders will earn up to 6% cash back on petrol and groceries spending.

On top of that card holders also will earn 1% cash rebate on all retail overseas spending and 0.5% on other other retail spending.

This promotion is valid from 7th July 2011 to 31st December 2011. All MPower Visa Platinum Credit Card-i card holders are eligible. No registration is required.

These are the details regarding the cash rebate promotion,

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CIMB is having a new promotion for their long-term investment fund, Max InvestSave. This is the third promotion since the fund was launched in October 2008.

CIMB Max InvestSave Bonanza Promotion period are from 4 April 2011 until 31 August 2011. During the promotion period investors will earn free bonus units up to 30% for every investment or top-up made. However, it is only applicable for minimum investments of RM5,000 plus a minimum Periodical Payment Instruction (PPI) of RM200 monthly.

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Previously we look at “Compilation of Cash rebate credit cards“.

For those who prefer to use Debit Card instead of Credit Card to control spending, there are a number of banks offer debit cards with cash rebate. However, the quantum of rebate is lower when compare to rebate from credit card spending.

The table below is the list of debit cards that offers good cash rebate to the cardholders.

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Amanah Hartanah Bumipureta

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.

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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,

Eligibility

  • Individuals age 18 years up to 59 years old
  • Malaysian Residents
  • Bumiputera

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