Maybank

Investment Opportunity in Amanah Hartanah Bumiputera (AHB)

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.

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Banks Going on Price War by Offering Low Mortgage Rate

mortgage rates down

That’s true. There is a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate (BLR) -2.3%. The current BLR rate is 6.3%.

This is a very good news to property investors because they can obtain cheaper loan to buy more properties. With the news that Malaysia properties are booming, there are more reason to buy properties especially medium to high end landed properties.

There was a lots of interest in Malaysia properties priced below RM2mil and less movement among the higher end homes. Many foreigners especially from Singapore keen to invest in Malaysia due to affordability.

The new mortgage rate is now down to as low as BLR-2.2% since end-July.

After a quick check, below are the rates offered by some of banks. I believe other banks also have the same competative rate.

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Islamic Fixed Deposit (GIA-i) Rate Comparison Table, September 2010

fixed deposits

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.

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Fixed Deposit Rate Comparison Table, September 2010

fixed deposits

Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in fixed deposit you may choose from the list below to maximize your return.

Fixed deposit rate is on the rise because Bank Negara Malaysia (BNM) started to raise OPR rate. The last rate increase was on July 2010.

The table below are the latest conventional fixed deposit rate as of September 2010. Alternatively you may look at this page.

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Islamic Fixed Deposit (GIA-i) Rate Comparison Table, July 2010

fixed deposits

Yesterday, we look at conventional fixed deposit rate for July 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.

[continue reading…]