asw didik asm asim etc are only temporarily parked..to gain some dividend. most bumi would go for asb. only when they have maxed out their asb would they go for this fund.

as to why lucifah client managed to top up 20k..my guess is there are quite a number of bumi resorted to 200k asb loan. so they have to take out the money tht they already hv in asb say 40k and dump it in those temporary fund. wht they do is on the first day of each month they will withdraw the money and pay for their loan..

here they can gain some devidend rather then paying for the loan in one shot. so this process will free some amount in asw although technically this fund fully subscribed regardless on bumi or nonbumi..

what i meant was instead of paying for the asb loan in one lumpsum ammount let say 15k a year. they would park the money in asw etc fund..and only take out around 1.2 each month to service the loan. so they will still be entitled to get a prorated dividend on the remaining ammount which will ofcourse entail a lesser devidend over the cause of the year.. the dividend is still calculated on the yearly basis.

some muslim considered asb as haram..not only dividend as it is not shariah compliance. but for some they considered it to be harus as decreed by majlis fatwa kebangsaan.

maybank offers asb finncing i..which is islamic loan. so there is no question of interest etc. unless one starts to question the islamif banking itself.

but..the other asnb funds declared this year after election increased by about 0.10. if election is the factor why is the increasing trend?

this new rate is only applicable to maybank islamc finance..the conventional rate is still the same -1.65 and no this is not a year end gimmick as suggested. i ve checked wit the bank the effective date is on 2/12..so some officers are trying to backdate the date of the loan so that their customers can still get the old rate.

double post

This post has been edited by masami: Dec 3 2013, 04:01 PM

if the bank bought your cert somewhere from 2nd november onwards..than u will only get a month dividend.but if u are lucky whereby the bank bought the cert on 1/11 or before that..than u will get 2 months dividend.

a month dividend + bonus is about rm650

the cert + passbook is also subjected to 200k max..
if you hv 150k cash in ur passbook..then u can only buy 50k worth of cert

but the dividend will further increases your limit by more than 200k

wow..do tell me..which bank is willing to give that much.
normal rate for 200k is 1.65. and rhb do give 1.7 if u switch from the other bank.

if u get -2 blr then go for it..it definitely worth it

yes..that is exactly what i meant..
the additional 3k is actually dividend that u get
if u go and update the the passbook now u probably will get approximately 10k worth of dividend + bonus
this will further push the limit to rm 213k++.. but u cant dump another fresh amount into ur asb as the limit is only 213k

but if u take out 13k..and left the 200k untouched..later on u still can top it up by the exact amount that u took out
my current limit is 254k..that 54k is accumulated dividend + bonus.

ok..from ur illustration.. at one point ur asb limit is 226k..as i said earlier, the additional 26k is your dividend. i suspected u hv invested in asb for quite sometime already hence the 26k dividend accumulated over the years.i have discussed this at length in another forum.

point is , if somebody has more than 200k in asb..the additional amount is definitely from the dividend..another way is through inheritance

BSN..seriously??
but yes i knew of some bankers who update on their customers' behalf..obviously they are taking the risk

so the earlier scenario given is not yours??
if that is the case then the person must have invested for a good numbers of years already.. then at one point he withdrew it.. at this point he must have gotten several k worths of dividend..plus the dividend from the 30k cert and 190k cash..so the is no mystery about the exceeded limit.

as i said earlier the only way for u to get more than 200k in asb is through accumulated dividend and bonus..another way is through inheritance.

what i meant was..prior to the recent investment of rm30k through cert and rm190k cash..u mustve invested some money before..and withdrew it at some point..when was the book opened?

let say it was opened in 2003 and you hv invested 50k for 3 years..here ur hv gained about 10k of dividend.
later u took out all of the money.
now in 2012 u decided to invest again..in ur book u hv 0 balance.. but infact you hv a new limit of 210k courtesy of the money invested circa 2003-2005 dividend.

so if you took a cert of 30k. u think u can only add in another 170k in cash. but in actual fact u can put in 180k more.
if u can firmly confirm that the book was only open in 2013..then i rest my case.

if this can somehow convinced u..i had 5 200k cert and i couldnt put in extra money anymore on each acc. ofcouse the others acc was through proxies

yes..all this while the economists are predicting opr will only be increased in the q2 or q3 of this year..so the decision is no surprise at all..but if bnm were to maintain th opr throughout the year..then this is indeed very suprising.

not sure. but i think every two months..so the next meeting will be somewhere in march

that is zakat pendapatan ie..2.5% from the salary minus had kifayah which is normally less than 1%
additional bonus is only for those who has not perform hajj through th before