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  • Sukuk Simpanan Rakyat

    Sukuk Simpanan Rakyat

    I have to admit that the Sukuk Simpanan Rakyat currently being issued by Bank Negara Malaysia has really caught my interest. According to the press release:

    Ministry of Finance wishes to announce the issuance of Sukuk Simpanan Rakyat 01/2009 amounting to RM2.5 billion on 14 May 2009. This is the first issue of the two series of 3-year RM2.5 billion sukuk each in 2009. Bank Negara Malaysia has been appointed to issue the sukuk on behalf of the Government.

    The sukuk, which will be scripless and based on Shariah principles, is an additional investment instrument for Malaysian citizens who are 21 years and above. The RM2.5 billion sukuk, which has a 3-year tenure, offers a return of 5% per annum and provides the flexibility for early redemption before the maturity date.

    Those wishing to subscribe may apply for Sukuk Simpanan Rakyat 01/2009 during the sales period, commencing from 14 April to 13 May 2009.

    I think I will dump around RM3,000.00 for the purpose of the Sukuk as a long-term investment. I have already downloaded and printed out the application form and I plan to apply for the Sukuk at Bank Simpanan Nasional (BSN). For Malaysians who are interested in applying for the Sukuk Simpanan Rakyat, you can download the form (in .pdf format) at this link.

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    16 Apr

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