Name of sukuk |
- Sukuk Simpanan Rakyat 2009
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Date of issuance |
- 14 May 2009
- (Sales period 14 April to 13 May 2009)
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Allocation of sukuk |
- First-come first-served basis
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Total sukuk size |
|
Sukuk type |
- Sukuk to be based on Shariah principles
|
Profit to investors |
|
Frequency of profit payment |
|
Tenure |
|
Eligible buyers |
- Malaysian citizens who are 21 years and above
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Minimum holding |
- Minimum holding per investor is RM1,000 at the point of sale and investors may purchase the sukuk in a multiple of RM100 e.g. RM1,100, RM1,200, etc.
|
Maximum holding |
- Maximum aggregate holdings per investor of Sukuk Simpanan Rakyat 2009 is RM50,000
|
Early redemption |
- Sukuk holders may redeem the sukuk at face value on and before maturity date, but not earlier than the first profit payment. The profit payments will be apportioned based on the number of days held
- Minimum redemption amount allowed is RM100
- The sukuk holders may redeem sukuk in multiples of RM100
|
Sales period |
- One month prior to the issuance date
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Form of instrument |
|
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 sukuk to be exempted from tax
|
Transferability and assignability |
- The sukuk is non-negotiable, non-transferable and non-assignable
- In the event of the death of the sukuk holder, the prevailing inheritance law will take precedence
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See Also:
Sukuk Simpanan Rakyat
List of Agent Banks
SSR Application Form [PDF, 20K]
Frequently Asked Questions
Submit your questions here
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