CIMB Max InvestSave PSSIA-i was launched in October 2008 but only recently the function to view, invest more or make redemption are available in CIMBClicks. The functions is very useful for Max InvestSave account holder.
If you are not familiar with CIMB Max InvestSave PSSIA-i kindly go to “CIMB MaxInvestSave” page to read more about these funds. To view historical Reference Index Value (RIV), you can browse RIV Charts for Max InvestSave page.
Islamic Cooperative Bank of Malaysia (ICBM) has received the permission from Cooperative Commission of Malaysia (CCM) on 27th November 2010 to start banking operations. ICBM is owned by Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa),
ICBM is the third cooperative bank in the country. The other two existing cooperative banks are Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) and Bank Persatuan Malaysia Bhd (Bank Persatuan).
The new cooperative bank is established a with minimum paid-up capital of RM300 million from the share capital of the existing credit and non-credit cooperatives members.
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.
Yesterday, we look at conventional fixed deposit rate for September 2010. However, if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.
Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio. Alternatively you may want to look at this page.
HSBC Bank, Malaysian largest foreign lender recently launched a new global offering called HSBC Advance. HSBC Advance offered customers an integrated account covering deposits, investments, insurance plans and credit cards. Customers would also be introduced to relationship-based banking.
It is aimed at supporting the growing pool of ambitious, financially-savvy mid-market customers aged between 25 and 45 to help them take control of their financial independence. HSBC Advance come with 2 variants namely HSBC Advance and its syariah-compliant version, HSBC Amanah Advance.