Name of bond |
- Bon Simpanan Merdeka 2009 (BSM)
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Date of issuance/ Sales period |
- 18 March 2009
( Sale period 18 Feb to 17 March 2009)
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Allocation of BSM |
- First come first serve basis
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Total BSM size |
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Bond type |
- The BSM is issued based on the Commodity Murabahah contract in accordance with the Syariah
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Tenure |
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Profit to investors |
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Frequency of profit payment |
- Profit will be paid on a monthly basis by crediting directly into the BSM holder's account maintained with the Agent Bank
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Eligibility |
- Malaysian citizens who are 56 years and above
- Malaysian citizens who are retired on medical grounds regardless of age
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Minimum holding |
- Minimum holding per BSM holder is RM1,000 at the point of application and in a multiple of RM100 e.g. RM1,100, RM1,200, etc.
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Maximum holding |
- Maximum aggregate holding per BSM holder is RM50,000 at any one point of time (for duration 2009 to 2012)
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Early redemption |
- BSM holder may redeem the BSM before the maturity date but only after the first profit payment date. The profit payments will be apportioned on daily rest basis.
- Minimum redemption amount allowed is RM100 and in multiples of RM100
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Form of instrument |
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Agent banks |
- Commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Agrobank
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Tax exemption |
- Returns on the BSM to be exempted from tax
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Transferability and assignability |
- The BSM is non-negotiable, non-transferable and non-assignable
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See Also:
Bon Simpanan Merdeka 2009
List of Agent Banks
Frequently Asked Questions
Submit your questions here
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