After receiving a good response from Sukuk Simpanan Rakyat last year, our government will issue a new RM3bil worth of Sukuk 1Malaysia 2010. You better make a quick decision, as the previous Sukuk Simpanan Rakyat were fully subscribed within 9 days.
The Sukuk 1Malaysia 2010 will be issued on 21st June 2010. It has offer a guaranteed return of 5% per year and have maturity of 3 years period. However, you can sell and buy, either fully or partially before the maturity date as it has the flexibility.
You can try going to subscribe it from 20th May to 9th June 2010. It can be subscribed at most commercial banks (Maybank, Public Bank, CIMB Bank including Islamic banks and etc), Bank Kerjasama Rakyat Malaysia Bhd, Bank Simpanan Nasional and Agrobank. After subscribing it, you still have time to keep more money, and wait for the date of issue. The minimum subscription amount will be RM1,000 and the maximum subscription amount will be RM50,000.
If you have a lot of money, then try to subscribe as much as possible because all subscribers will be allocated with an amount less than or up to the amount subscribed, depending on the total number of subscribers and the total subscriptions received. But, I believe that small investors will be allocated the full amount subscribed.
Will Sukuk 1Malaysia 2010 Have Any Administrative Cost?
Yes. There will have administrative cost of 0.1% charged on Sukuk purchased at agent banks.
At this moment, the interest rate for bank FD is only 2.5% per year. So, there is no harm buying the Islamic bonds if you has the extra money