Sukuk Simpanan Rakyat Savings Bond Increased by Another RM2.5bil

Are you looking for Premium Bonds for investment? How bout government bonds? Now we have great news from Finance Ministry of Malaysia! Sukuk Simpanan Rakyat Savings Bond has been increased by another RM2.5bil! This second batch allocation was due to the overwhelming public response on the first batch of the RM2.5bil Islamic Bond. The Islamic Bond was fully subscribed within two days after it was opened for sale on last Tuesday.

Contribution of RM60bil Second Stimulus Package

In fact the bond released is part of the Malaysia Government’s RM60bil Second Stimulus Package which offering a return of 5% per year. It is double the current fixed deposit rates. We should thank you for the launched of RM60bil 2nd Stimulus Package which has benefit Malaysian come with the Sukuk Simpanan Rakyat. Now the savings bond is opened for all Malaysian aged 21 and above. The Savings Bond has a maturity period of three years but account holders can withdraw their money at any time.

Application of Savings Bond

You can apply for the Savings Bond at any commercial banks in the country, on first come first served basis, until 13th May 2009.

For more details, please visit www.treasury.gov.my and www.bnm.gov.my/sukuk-simpanan.