dump 100k to try, wish me luck!!!

some updates...

UBB Amanah Welcomes Trustee (Amendment) Bill 2024, Strengthening Industry Governance and Transparency
UBB has been seeking these changes for some time now because of the increasing number of players within the industry. We strongly believe that these changes will significantly enhance the industry and bolster public and investor confidence.
The key provisions in the amendments include:
- Enhanced transparency requirements requiring trustees to now maintain comprehensive, updated records of the beneficial ownership to ensure greater visibility in the trust management.
- Expanded regulatory authority by empowering the authorities to inspect and enforce compliance and ensuring that trust assets are responsibly managed.
- Preventing asset misuse by introducing measures to enable swift action to be taken against trustees found mismanaging trust assets, including suspension, investigation referrals and termination of licenses.

Professor Dr. Maszlee bin Malik as the new Chairman and Director of UBB Amanah Berhad
We are delighted to announce Professor Dr. Maszlee bin Malik as the new Chairman and Director of UBB Amanah Berhad. Dr. Maszlee is a renowned academic, former Malaysian Minister of Education, and a passionate advocate for social and educational reform, bringing a wealth of experience in governance, community empowerment, and public policy.
We are confident that Dr. Maszlee’s visionary leadership and deep expertise will greatly enhance UBB Amanah Berhad’s mission to foster trust, transparency, and responsible governance. His commitment to positive social impact aligns seamlessly with our values, and we look forward to the new heights we will achieve under his guidance. Please join us in warmly welcoming Professor Dr. Maszlee bin Malik to UBB Amanah Berhad.

As of March 2023, he serves as a Professor at the Faculty of Psychology and Social Sciences at the University of Cyberjaya. Prior to this, he was an Assistant Professor in the Department of Political Science at the International Islamic University Malaysia (IIUM) from 2000 to 2018.

received my dividends in 15june, next tranches would be in oct.

i didn't ask for statement/report, not sure if they give any. i have no idea what their business is, i just trust my financial planner.

They're primarily collateral-backed loans, from what I understand.

Fortune favors the bold. The trust company will offer higher dividends when there is lesser takers. AFAIK, their investment returns are more than 15%. Current trend is BNPL, returns is more than 20%. Aoen Kedit is offering high returns sukuk to fund their business.