KUALA LUMPUR, June 16 (Bernama) — AmInvest has unveiled its latest sukuk offering, AmIncome Sofwah (“Fund”), which aims to provide regular income via yearly income distribution.1 It invests principally in both local sukuk and Islamic money market instruments. AmInvest is the fund management brand under AmInvestment Bank.
Mr. Kevin Wong Weng Tuck,Principal Officer and Chief Investment Officer of AmIslamic Funds Management Sdn. Bhd., said, “After four successive cuts in 2020, the Overnight Policy Rate is at an all-time low of 1.75%. Interest rates are expected to remain low given the downside risks on Malaysian gross domestic product growth emanating from strict measures to contain the Covid-19 pandemic. The Fund provides an opportunity to potentially reap higher Shariah-compliant returns compared to a general investment account-i over the medium to long term.”
- 34 Killed, 80 Injured In Barbaric Israeli Airstrikes On Lebanon
- Zionist Israeli Airstrikes Hit Syria-Lebanon Border Crossing: Media
- COP29: Rich nations raise cash offer to $300 billion to poor nations in climate talks
- Iraq Warns Of Possible Israeli Attacks In Letters To UN
- UN: 343 million people across 74 countries ‘acutely food insecure’
- 18 Killed, Over 30 Injured In Armed Clashes In NW Pakistan
- India’s Main Ruling Party BJP-Led Alliance Wins Key State Maharashtra
- Authorities To Deploy Over 10,000 Additional Paramilitary Troopers In India’s Manipur
- Top DPRK Leader Calls For Upgrading Military Equipment
- 420,000 Syrian Refugees Return From Lebanon Due To Hezbollah-Israel Conflict