hey, i got a question
my dad is chinese and my mum is bumi kadazan muslim, so technically i am a muslim also la, but my ic is chinese name, however i got a letter/cert from MUIS stated me converted to muslim, but i haven't change my i.c to malay name.

am I a BUMI?

my father is pure chinese and my mum is pure bumi. aren't there supposed to be a guide line? there're so many sinos here. i even heard they differentiate like how many "percentage" of bumi you are...like you mum bumi dad not then 50%, if dad half bumi mum bumi then 75%, if dad not bumi mum half bumi then 25% bumi like that...got like that meh?

some where near kampung air? is it a bank? i am not in malaysia rite now probably ask my sis go check.

help,

i am working in UK and planning to send my money to my relative in malaysia to put it into ASB, the sum will be a bit large let's say rm50k. but my relative now is jobless, will the bank ask her where she get the money from? will there be any tax?
thanks!

I will send the money via western union so my cousin will receive a form or receipt from bank bumiputra commerce as a proof of transaction. but the thing is will the bank allow 2nd party to put in money for the asb holder? just like a chinese pump in money for bumis to invest money into asb.
thanks.

few more days i am gonna deposit 50k into my cousin's asb...he he he

wise choice?

if own cousin also cannot trust...i don't think i can trust anyone in the word liao. it's 50k not 500k so i don't think the temptation is that high to risk relationship with family to lamsap the money...he he

thanks for all the advices guys. at this very moment i have no choice but to give it a full trust. agreement would be good but it shows that there 's no trust for the people you asking the favor for, my cousin didn't get anything for helping me out(perhaps belanja makan ), so i won't ask much.

huhuhu...got some issue with money transfer, should have put money into asb since last july but now have to delay till mid september....

hi guys,

my math fail terribelly, can any one do me a favor by doing a calculation of how much will i get in ASB 5 years later if i put 50k in 1st payment and subsequently 10k every month after that until i reach the maximum amount of 200k, and the ASB is more than 10 years old thus entitled for year end bonus? given the average return is 8% and 1.5% bonus. if can show me the formula the better.

thank you very muchhhh. muakksss.

uh...i don't have a pc, i use mobile to online, hence i can't download the spreadsheet calculator into my phone. very sorry, i tried to google but most of the calculation seems wierd, plus i failed my math. so can anyone held me to do the calculation pleeeeeeeease.

i heard people say can use bankers cheque to buy instead of cash,it's more safe. becarefull that day sure got snatchthieves waiting for their prey because lots of people bring cash.

ASW maximum only 20k this time, more people have the chance to buy. dunno how much is the minimum but you can go to bank and ask about it before they launch in 12th september.

good luck!

^don't like that la...

anyway, can any sifus here enlighten me whether if asb loan is any better in my case/situation.

i am going to invest 100k in a 10 years++ old asb account(which is entitled for year end bonus) in this end of year, then i plan to take up another 100k loan early next year(january) to maximize the investment limit which is 200k. at the moment i am able to save 10k permonth. so if i can pay back the loan with in a year, is it any better?

why i am considering this is because if i were able to borrow 100k in one go and invest in the 1st month next year, the return will be calculated from the 1st month next year,it will be able to boost the return as much and quick as possible compare to investing 10k every month for a period of a year. so the blr% rate that i am going to be charge by the bank is only calculated for a year.

so if current blr% rate of the year is lower than average asb return, should i consider borrowing money?

sorry if i make it a little bit confusing, thank you very much!

thanks for the reply,

is it possible if i can use my investment in ASB worth 100k to take up a loan for another 100k? just like FD?since ASB capital are protected also? i have no any other property whatsoever as a collateral.

@dreamer
yes few of my cousins did take up asb loan at the moment, but the terms and condition is they won't be allowed to touch the money in asb for like a period of 7 years IIRC.

may be those available ones are those for bumis, those for non bumi already sold out.

is there any limit for ASB funds? I mean like the maximum unit the government issued to the public, or is it unlimited? unlike ASN got limit.

thanks!

thanks bro, so I don't need to worry that it will sold out one day!

but very strange, since it is unlimited fund size, why there is a limit for individual investment? if ASN I can understand why it has individual limit for investment because it has a limited fund size but ASB??

I think you need to ask the bank whether are there anymore available funds to sale. you can top up anytime as long as it's stil available. but most probably it's all sold out of 49% stakes for non bumi. may be I am wrong, no harm ask bank what?

oh....no wonder, thanks for the explanation! but is that really the answer? or you just guessing? because if that's the goverment incentive, aren't they actually want to let the malay richer and richer? you know what I mean.

so if I don't support NEP, should I or should I not invest in ASB?

the limit is 200k, the reason some one has more than 200k in their asb is because of accumulation from past investment.

to make it simple, 200k is the maximum amount of money that you can put into an asb account, but theres no limit to how much the investment will accumulate from its compounded dividend

for exampl, today I invest 180k into my asb, 5 years later, my asb already have more than 300k in it, but I still can put another 20k because I haven't maximize my 200k quota.

I need pro to verify this too. coz not very sure. I might b wrong.