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Just when I thought there wasn’t much great investments to go into of late, something caught my eye in the papers today. An Islamic bond called Sukuk Simpanan Rakyat or National Savings Bond will be launched and it is slated to be giving a return of 5% a year.
This bond is a short term investment for a period of 3 years. For some people, you may consider this medium term, but to me 3 years is not that long. Of course, you can choose to pull out of the bond anytime before the 3 years maturity is up.
Minimum investment starts at RM1,000, up to a maximum of RM50,000 per person. The sale of this bond starts next week Tuesday. You can read the news release of this from here. Are you going to join the bee line for this bond?
{ 5 comments… read them below or add one }
Maybe.
I didn’t end up buying any…decided against it.
For someone who has no idea about investment or is not interested in investment, 5% return is interesting because FD rates are lower. But if you think real inflation rate is higher than 5%, then you need to work harder on your investment plan. Anyway, the saving bond has a place in the portfolio of a lot of people.
2 days, some BIG country fund grabs all.
Wanna bet RM0.20 with me? The funds name start with E in English or K in BM, follow with other funds such as TH in BM.
Encikwan, 5% is indeed a good rate of return seeing that FDs now offer only 2%.
Moo_t, you sure have done a lot of homework and have insights into this!