AmIsamic’s new Islamic bond fund to provide capital appreciation

  • New law to give Sarawak natives freedom in purchasing customary rights land
    New law to give Sarawak natives freedom in purchasing customary rights land

    Bumiputera from Sarawak could eventually buy Native Customary Rights (NCR) land outside their ethnic group or community when the state amends its Land Code in November. Chief Minister Tan Sri Adenan Satem (pic, right), in disclosing the government's intention to table the amendment at its Budget sitting, said with the amendment the Iban, for... …

  • Cops cannot declare May Day rally illegal, lawyer says
    Cops cannot declare May Day rally illegal, lawyer says

    KUALA LUMPUR, April 24 — There are no provisions under the Peaceful Assembly Act (PAA) 2012 that allows the authorities to declare the anti-GST rally planned for May 1 as illegal, human rights... …

  • On May Day, trade unions to rally against GST, TPPA
    On May Day, trade unions to rally against GST, TPPA

    SUBANG JAYA, April 24 — The Malaysian Trades Union Congress (MTUC) announced today a May Day rally to protest against Putrajaya’s newly-approved consumption tax system and a US-led free trade... …

  • Rafizi rips apart deputy minister's grant denial

    A PKR leader has pointed out that Abu Bakar Mohamad Diah referred to grant recipients from a different time period when denying that RM100 million was allocated to a firm purportedly favoured by Prime Minister Najib Abdul Razak. Rafizi Ramli also questioned if this was an oversight on the part of the science, technology and innovation deputy minister or a deliberate attempt to put a lid on the matter. In a statement today, the PKR director of strategy said Abu Bakar (left) disclosed to the …

  • Rafizi rebuts deputy minister’s denial on grant given to company favoured by Najib
    Rafizi rebuts deputy minister’s denial on grant given to company favoured by Najib

    An opposition lawmaker has rebutted Putrajaya's denial that no grants were issued to a private company allegedly favoured by Prime Minister Datuk Seri Najib Razak, saying that the list issued by a deputy minister was for a different time period. Rafizi Ramli said the list where which Deputy Science, Technology and Innovations Minister Datuk... …

  • DAP to decide next week who will run in Bukit Gelugor by-election
    DAP to decide next week who will run in Bukit Gelugor by-election

    The DAP central executive committee will discuss candidature of the Bukit Gelugor parliamentary seat for the upcoming by-election when it meets next Monday. Its secretary-general Lim Guan Eng said party leaders have, in the meantime, been told to refrain from making any announcement on the by-election to avoid distortion by mainstream media.... …

KUALA LUMPUR (Feb 13): AmIslamic Funds Management (AIFM) recently launched the AmIslamic Fixed Income Conservative with the objective of providing capital appreciation over the short-to-medium term.

The bond fund would, which would invest in a portfolio of fixed income instruments that complied with Shariah principles, would provide capital preservation and potentially higher returns than fixed deposits.

Chief executive officer of the funds management division for AmInvestment Bank Group Datin Maznah Mahbob said on Monday the fund was most suitable for risk-averse investors looking to invest for stability in the current global uncertainty.

She added the fund had potentially higher returns than fixed deposit, adding the fund’s investments “provides capital preservation”.

Investors could invest in the fund with minimal cost as the fund has no entry and exit charges and management fee was 0.75% per annum of the net asset value.

The fund has an approved size of 500 million units and it would be distributed at all AmBank branches and AmPrivate Banking. Investors could also purchase units in other currencies such as Singapore dollars and US dollars.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • MH370 passenger’s partner tells of strange email from sacked Fox officer The Malaysian Insider
    MH370 passenger’s partner tells of strange email from sacked Fox officer

    The partner of an American passenger aboard the missing Malaysia Airlines flight MH370 has spoken about how a Fox executive who was recently sacked by the news station had contacted her offering to raise funds on her behalf. Sarah Bajc, whose partner Philip Wood is among the 239 people on board the missing plane, told the Sydney Morning Herald... …

  • My last moments with Pa: Ramkarpal Singh The Malaysian Insider
    My last moments with Pa: Ramkarpal Singh

    A week after the tragic crash that took the lives of veteran lawyer and politician Karpal Singh and his personal aide, Michael Cornelius, his son Ramkarpal recounts the final hours with his father that fateful day. This is his story, as told to V. Anbalagan, assistant news editor. “My parents (Karpal and Gurmit) had gone to Pantai Hospital... …

  • Absolute power corrupts absolutely, Dr Mahathir reminds current leaders The Malaysian Insider
    Absolute power corrupts absolutely, Dr Mahathir reminds current leaders

    Malaysian leaders have been reminded not to look down on the public’s capability to topple a corrupt government as what had happened in the Middle East during the Arab spring, warned Tun Dr Mahathir Mohamad (pic). In his latest blog posting today, the country’s longest serving prime minister said that monarchs and dictators in the Middle East... …