Apr 1 2022, 10:18 PM
QUOTE(lifebalance @ Mar 31 2022, 10:42 AM)
You may compare PIT with UBB.
UBB
1. under Trust
2. Tenure: 3 years
3. Proof of underlying investment: Unknown & Non Disclosure in Offering Document
4. Fund Manager: Unknown & Non Disclosure
5. Written in their paper: "Projected 5% - 7% p.a" - paid yearly
6. Shariah Compliance: Unknown
7. No insurance in the event of default
8. Beneficiary
PIT
1. Under Trust
2. Tenure: 3 years
3. Underlying Fund is managed by VCMC licensed by SC Malaysia
4. 15% p.a committed return paid quarterly before fees
5. Shariah Compliant
6. Insured by insurance 80%
7. Beneficiary
The question now is, will you put your money into something that is regulated (transparency) or non-regulated (no transparency)?
I intent to put my money into cash trust! So far, everyone including my siblings are talking about UBB is the one!UBB
1. under Trust
2. Tenure: 3 years
3. Proof of underlying investment: Unknown & Non Disclosure in Offering Document
4. Fund Manager: Unknown & Non Disclosure
5. Written in their paper: "Projected 5% - 7% p.a" - paid yearly
6. Shariah Compliance: Unknown
7. No insurance in the event of default
8. Beneficiary
PIT
1. Under Trust
2. Tenure: 3 years
3. Underlying Fund is managed by VCMC licensed by SC Malaysia
4. 15% p.a committed return paid quarterly before fees
5. Shariah Compliant
6. Insured by insurance 80%
7. Beneficiary
The question now is, will you put your money into something that is regulated (transparency) or non-regulated (no transparency)?
What is PIT? Is there returns better than UBB over that 3 years f tenure?
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