The Finance Ministry on April 7 announced the issuance of Sukuk Simpanan Rakyat 01/2009 amounting to RM2.5 billion on May 14, 2009. This is the first issue of the two series of three-year RM2.5 billion sukuk each and it will be issued by Bank Negara Malaysia on behalf of the government.
The sukuk, which will be scripless and based on syariah principles, is an additional investment instrument for Malaysian citizens who are 21 years and above. The sukuk offers a return of 5% per annum and provides the flexibility for early redemption before the maturity date. It is available for subscription during the sales period from April 14 to May 13, 2009.
For more details please refer to Bank Negara Malaysia press release.Labels: Bond, Investment, News, Saving