Only info. I found on Maybank regarding AHB is below, AHB units are priced at RM1 each with a minimum investment of RM500 and a maximum of RM200,000. What do you think?

PHB CEO Kamalul Arifin Othman said investors can expect “nothing less than 6 per cent[I]” in returns.

What is Amanah Hartanah Bumiputera?

A Shariah Compliant Unit Trust
An opportunity to benefit from rental income of prime commercial properties.
Investment Objective

The Fund seeks to provide Unit Holders with a regular and consistent income stream whilst preserving the Unit Holders' investment capital

Investment Strategy

The Fund will seek to achieve its investment objective by investing primarily in the beneficial ownership of real estate in Malaysia from the Sponsor in particular commercial properties including but not limited to office buildings, shopping complexes, commercial centres, logistics and industrial complexes. The Fund will also invest in Shariah-compliant money market instruments and equivalent instruments and hold cash to meet its liquidity requirements

Fund Manager

Mayban Investment Management Sdn. Bhd.

Potential Investors

Investors who seek capital preservation
Investors with low risk tolerance
Investors who wish to benefit from prime commercial property, via rental income.
Eligibility

Malaysian Bumiputera:
Akaun Dewasa (18 years and above)
Akaun Remaja (18 years and above as legal guardian for minors age three (3) months and above but below 18 years. Both legal guardian and minor must be Malaysian Bumiputera)
Bumiputera institution¹
¹Any Bumiputera institution's investment in the Fund is only by invitation from the Manager and the Sponsor
Minimum Initial Investment

500 Units

Maximum Investment

Limited to 200,000 Units per Unit Holder

Minimum Additional Investment

100 Units

Minimum Balance of Units

500 Units

Minimum Redemption

500 Units

Frequency of withdrawal

Once in a calendar month

This post has been edited by f3rrarilover: Nov 29 2010, 09:07 PM

Not worth it. Look at the restriction it is giving out. That's the point.
Even ASB average 8% the fund subscription is very very poor.

After one ASB is overlimit, you can move to similar bumi fund for 7% average. No restriction.

Buy physical gold with return anywhere between 8-25%, depending on entry limit. Plus you can pawn the gold with ease - and rolling your fund.
Example: 2,000 >1,200 pawn value, buy gold > pawn again and again.

just personal opinion. not subjected to any debate.

Thanks - do you invest in gold and how, where?

Physical or virtual?
I will go physical.. you can pawn it at local bank : B.Rakyat, Ar-Rahnu or Agro.

Tell me your preference...

Seems that the AHB has already been launched with maximum investment of RM 200,000. Its similar to Amanah Saham Bumiputera (ASB) but only open to Bumi. My query is will it be open to everybody who already has ASB? HOw do they determine Bumi status?

If your birth cert indicates BUMI in Race, then you are able to buy. If your birth cert indicates Malaysia in Race or ISLAM in religion, then you are also consider BUMI.

If u r bumi, Y look at this when ASN/ASB offers better returns on a similar scheme? 8% - 12% vs. 6%? Unless u oredi maximized ur ASN/ASB

Yes ASB is already maxed out since last year. AHB returns only 6% ah?

Read my question again please. I asked if those with ASB will get automatic qualification for AHB.

this AHB is for BUMI only right?

yup.

you also ask how to determine Bumi status.

Aiyoo...i asked if with the ASB does it mean automatic qualification for the AHB or not. There are 2 types of Bumi status in Malaysia ok.

1) Malay Muslim Bumi
2) Bumi of Siamese, Dutch or Portuguese decent but non Muslim

ASB is open to both. IM asking if the AHB is the same or is it only restricted to Malay Muslims.

The rule is minimum 6%. There is no upper limit specified. It could be quite high since its based on prime property investment in Malaysia.

By the way, what is the other similar Bumi fund? I have maxed out my current ASB already.

6% is only expected return..
not minimum dividend..
could be more or could be less than 6%...
depend on the fund performance, source of income from rental and property trading.
please read and try to understand the prospectus before u invest.

Yes i know but where do i get the actual info from?

The Siamese, Dutch and Portuguese minorities are NOT bumiputra. Sino/Native and many small ethnic groups in Sabah/Sarawak are the recognized minorities in Malaysia as Bumiputra Malaysia.

for someone who ASB is max, this might be an alternative option. However izzit worth it? for first year of launching, usually a good return will obtained? becoz gov want to attract more ppl to join?

my speculation only, enlighten me with other view pls.

possible to have amanah hartanah cina or
amanah hartanah india ? lol ...

some of them don't even have enough money to put food on their plate or what.. where got money to buy into this ??

so many bumi still so poor.. the only rich bumi i see are those politically connected...

hope 20 years down the road, this won't be revealed as a ponzi skim.. opening a new amanah xx xxx to pay for the older/previous amanah xx xx

BUMIPUTRA is referring to LOCAL MALAYSIAN people like @MilesAndMore has stated. And of course Malay is Bumi.