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
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