RM3b SUKUK 1MALAYSIA on sell, 20/5/2010

Key Features of Sukuk 1Malaysia 2010

Sukuk type - Based on commodity Murabahah (mark-up) contract

Profit to investors - 5 % per annum, paid quarterly

Tenure - 3 years

Eligible buyers - Malaysian citizens who are 21 years and above

Form of instrument - Scripless

Tax exemption - Returns on the sukuk are exempted from tax

Transferability and assignability - Negotiable and transferable through sale and purchase of sukuk at agent banks In the event of the death of sukukholder, the prevailing inheritance law will apply

Initial subscription amount - Min subscription: RM1,000 (in multiples
                                          of RM100)
                                        - Max subscription: - RM50,000

Resaleable feature of Sukuk 2010 (Commencing 22 June 2010)

Allocation of Sukuk - First-come first-served

Resaleable Amount - Minimum sell/purchase per investor is RM100
                                 (in multiples of RM100)
                                            
                             - No maximum holding per investor (subject to
                               availability)

Pricing  - Daily prices based on principal at par plus accrued profit

             - Administrative cost of 0.1% of the nominal value of sukuk
               purchased payable to agent banks

Sukuk 1Malaysia 2010 can be subscribed at most commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Bhd, Bank Simpanan Nasional and Agrobank.

Read more:  Issuance of Sukuk 1Malaysia 2010