Im not refering to the technical meaning of Bumiputera. Im refering to what PNB classifies as Bumi. For ASB for the groups above are entitled. But when u talk about property, the a different version of Bumiputera applies.

Thats why im asking for for the Bumi classification for the AHB ownership. Will it follow the ASB or a different criteria?

That is not the technical meaning but the definition of Bumiputra according to the Malaysian constitution. However, in PNB's version, it says that all orang asli are classified as Bumiputra too according to the Malaysian constitution which is not true.

And when you want to buy a property in the Peninsular and you're a Sabah or Sarawak Bumiputra with Chinese surname, you are definitely entitled to the Bumiputra discount and privileges and the property companies have no say in how to define one's status if he/she is a Bumiputra or not. Everyone will have to follow the Malaysian constitution. If you are denied your rights, you can make a big fuss of it and you are definitely going to win.

Just in case any of you are interested, if you're a Sabah Bumiputra and you have a Chinese surname or a full Chinese name in your birth cert and MyKad, the race written inside the MyKad chip should be Sino/Native.


Not sure if they have a different definition of Bumiputra Malaysia but it should follow what is written in the Malaysian constitution.

Some muslim bumis don't prefer ASB because it is non-syariah compliance, even though Majlis Fatwa Kebangsaan stated that it is "harus". Most of Malays around me put their money in Tabung Haji even though the return is just around 5%, or lower.

Some muslims don't give a damn about it. Non-muslim bumi, well for sure they just want the best return, that's all. So if you keep saying that ASB has lower subscription, it's because of syariah compliance issues on ASB funds.

This fund could be an alternative to them, so I don't think this will fail.

ASB classifies Portuguese and Siamese as Bumi to get ASB. Should be the same for AHB rite?

AHB FAQ : http://www.phb.com.my/eng/ahbfaq2.html

AHB don have a passbook..it bookless... only by validated copy of Borang Pendaftaran during purchase AHB at maybank..later on they will send sort of certificate to ur house..

This post has been edited by twins: Nov 30 2010, 02:39 PM

What ? Where did you get such information ? No. It doesn't. Did you not read the small picture i attached ? It says there clearly that the minorities such as Siamese, Portuguese, Eurasian, Serani and Mualaf are granted special permission by the prime minister to invest in all funds sold by PNB. However, none of these people are Malaysian Bumiputra and neither did ASNB classifies them as Bumiputra Malaysia.

So, yes. I believe it is the same for AHB and since Siamese, Portuguese etc. are not Bumiputra, then all these people are not eligible for AHB.

This post has been edited by MilesAndMore: Nov 30 2010, 02:37 PM

Im not really bothered about who gets Bumi status. Im just asking that since people of Siamese or Portuguese descent do qualify for ASB, do they also qualify for AHB?

This post has been edited by cybermaster98: Nov 30 2010, 02:43 PM

since this fund under different management,so i guess not

Mate, the answer is already there. Those said minorities can invest in ASB not because they are classified as Bumiputra by PNB but they have been given special permission by the Prime Minister to invest in ASB. Unless there is a small fine print saying small minorities have been given special permission for the subscription of AHB which is supposedly for Bumiputra only, the answer is a definite no.

This post has been edited by MilesAndMore: Nov 30 2010, 02:51 PM

Majlis Fatwa Kebangsaan also stated that smoking is 'haram' in 1995.
then again, u still see lotsa muslims are smoking.. even the imams

This post has been edited by Invader Zim: Nov 30 2010, 05:16 PM

What I'm trying to emphasize is, everybody has the right to make the choice, based on options available, no bashing, it's up to an individual

Masyarakat minoriti Siam Bumiputera - Nazri
12/06/2010 2:57pm

TUMPAT 12 Jun — Masyarakat Siam Kelantan dan di beberapa negeri di Semenanjung yang kesemuanya dianggarkan kira-kira 60,000 orang adalah kaum Bumiputera di negara ini, kata Menteri di Jabatan Perdana Menteri, Datuk Seri Mohamed Nazri Abdul Aziz.

Masyarakat minoriti itu mempunyai hak yang sama dengan warga pribumi lain di samping menikmati pelbagai kemudahan yang disediakan oleh kerajaan, katanya kepada pemberita selepas merasmikan Seminar Wanita Siam Dalam Era Globalisasi di Wat Machimmaram, Kampung Jubakar di sini hari ini.

Sources : http://www.utusan.com.my/utusan/info.asp?y...ni&pg=bt_10.htm

---

Added on December 1, 2010, 1:20 amSiamese community enjoy Bumiputera rights, says Nazri

TUMPAT, June 12 — Some 60,000 Siamese in the peninsular, who are categorised as Bumiputeras, enjoy Bumiputeras rights like the Malays, said Minister in the Prime Minister’s Department Datuk Seri Mohamed Nazri Abdul Aziz.

“As such all quarters must accord them the Bumiputera rights like other Bumiputeras,” he told reporters after opening the Women in the Globalisation Era at the Machimmaram Siamese Temple at Kampung Jubakar here today.

Mohamed Nazri, who is also the patron of the Malaysian Siamese Association, said Siamese living along the border of Thailand with Kelantan, Kedah, Perlis and Perak had lived in the country for a long time. He urged all quarters to understand the Siamese citizenship status and accord them the Bumiputera rights.

Sources : http://www.themalaysianinsider.com/mobile/...hts-says-nazri/



This post has been edited by cheahcw2003: Dec 1 2010, 01:20 AM

So, are Siamese Bumiputra Malaysia or not ? Every sources seem to suggest different things and if my memory serves me correctly, there was no mention of Siamese as Bumiputra in Form 6 Pengajian AM. If they finally have decided to recognize the Siamese minority as Bumiputra Malaysia, it's probably time they change what they teach in school too And since Siamese is Bumiputra, why PNB still categorize them as non-Bumi ? Especially in the case of ASW2020. So typical of Malaysia ... DOUBLE STANDARD !!!

Anyone of the Siamese descent bought a house recently ? Did you get the discount ?

You are so right about this. Some people still do not convince about syariah compliant on ASB. By the way on AHB, I am not sure how they derive expected returns on at least 6% since the total rental for the 5 buildings are RM40 million per year which they bought as "beneficiary ownership" for RM800 million and the remaining RM200 million will be in the form of cash and investment in Islamic money market (the return is not large), so dividend RM40 million +return money market +return on mudharabah / wadiah for savings -fees (i.e. management) /RM1 billion, i think less than 5% maybe. Any idea?

wow, ur explanation seems interesting, however u lose me at first few paragraph, could u explain it abit more please? i see an interesting calculation there.

Sorry for misunderstanding:

Fund size=RM1 billion
Purchase of property = RM800 million
Money market + cash = RM200 million
Income (rental)=RM40 million per year
Income (others: i.e. money market + profit from savings)= RM6 million (assuming at 3%)
Expenses (i.e. management fee, trustee fee, auditors, bank charges, shariah advisory fees and etc)= RM10 million (assuming 1%)
Therefore dividend = Net income /Fund size= (RM46 million + RM6 million - RM10 million) / RM1 billion = 4.2%

That is just my simple calculation, maybe the purchase price of RM800 million for the properties will be paid in few stages (years) or any other income which I do not know. Maybe somebody else want to explain.

Understood that you have opened your account. Can it be done at Maybank branch that opens on Saturday, or only from Monday to Friday (just like ASB/ASN, strictly from Monday to Friday)?

How about top-up then?

This post has been edited by blahbleh: Dec 1 2010, 10:27 PM

I am not sure about that maybe you can ask Maybank but on the top-up, there is a form for this and minimum is RM100 (multiple RM100), i.e. RM100, RM200 or etc and not RM130

Thanks for the information, will visit Maybank soon. BTW, have you read the prospectus?

How can AHB own Tesco Setia Alam which sell pork and beer when it is a shariah compliant unit trust?