Friday, November 7, 2008

Maybank Islamic offers new fund

BusinessTimes

MAYBANK Islamic Bhd has launched the Maybank Al-Sayf Structured Islamic Deposit (MAS-i), which provides 100 per cent capital protection on principal investment at maturity and a guaranteed payout at the end of each year.

The fund will invest in Islamic Negotiable Instruments of Deposit (the capital protected portion) and the Maybank Al-Sayf Index (annual bonus coupons) which aims to profit from the trend of commodities and benefit in both upward and downward trending commodity cycles.

MAS-i is based on a 3.5 year tenure. There are no upfront fees, management fees, or exit fees.

The minimum investment amount is RM50,000 with subsequent subscriptions of RM50,000. The initial offer period ends on November 20.


Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.