Please go and take out all your FD and buy this bond. Guarantee 5 % return.
Key Features of Sukuk Simpanan Rakyat 01/2009
Name of sukuk
Sukuk Simpanan Rakyat 01/2009
Date of issuance
14 May 2009
(Sales period 14 April to 13 May 2009)
Allocation of sukuk
First-come first-served basis
Total sukuk size
RM2.5 billion
Sukuk type
Sukuk to be based on Shariah principles
Profit to investors
5 % per annum
Frequency of profit payment
Quarterly
Tenure
3 years
Eligible buyers
Malaysian citizens who are 21 years and above
Minimum holding
Minimum holding per investor is RM1,000 at the point of sale and investors may purchase the sukuk in a multiple of RM100 e.g. RM1,100, RM1,200, etc.
Maximum holding
Maximum aggregate holdings per investor for the two series of Sukuk Simpanan Rakyat 2009 is RM50,000
Early redemption
Sukuk holders may redeem the sukuk at face value on and before maturity date, but not earlier than the first profit payment. The profit payments will be apportioned based on the number of days held
Minimum redemption amount allowed is RM100
The sukuk holders may redeem sukuk in multiples of RM100
Sales period
One month prior to the issuance date
Form of instrument
Scripless
Agent banks
Commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Bank Pertanian Malaysia Berhad
Tax exemption
Returns on the sukuk to be exempted from tax
Transferability and assignability
The sukuk is non-negotiable, non-transferable and non-assignable
In the event of the death of the sukuk holder, the prevailing inheritance law will take precedence