I came across this after a friend introduced it to me.

The so called CNB Amanah Secure Trust offered 8% p.a. return and paid out on semi-annual basis. I am not able to find out more about the trust, can't find the annual reports and where they invest. However, my friend who invested a year ago are getting the payout banked in directly to their bank account. Despite that, I am still skeptical on how they generate that handsome payout. On top of that 8%, the company also payout a few % (more than 2%) of commission to the agent who can recruit a new customer. So the cost of the fund is more than 10% - that is very high cost compared to any other form of passive investment. How can the company sustain it?

The only article I found about their 8% guaranteed return secured trust - https://www.prnewswire.com/apac/news-releas...-302034701.html

Company website: https://www.cnbamanah.com
The company is linked to Dato Lee Lin Fong and his company Lee & Partners

The 8% return is attractive, but I am having trust issue with the company. Comments and your opinions are welcome.

I didn't know that. Maybe that's why can't find the information in BNM website.

Some updates. So I was curious about how and what they invest to generate the 8% return. Here is what I found.

Apparently, they do not make the investment themselves. They engage this company named Alevate Capital Sdn BHD (AC thereafter) to take care of the investment. Based on their information, this company, AC is a KPKT certified company that provides online loan to the customer. According to the agent, AC is running the effective lending model to its customer that racking more than 18% interest rate which justify their 8% return to the trust.

https://alevatecapital.com.my

I am sure this is a high risk business model while they seems to run everything within the law and regulations.

This post has been edited by engineer: Sep 13 2024, 09:55 AM

You sign the agreement with CNB, I guess you need to deal with CNB lo.

Yes, net of all the fees. It works like a FD from the outside. Your money is locked within that period of time. There is penalty if you withdraw pre mature, I forgot how much is it now.

This post has been edited by engineer: Sep 13 2024, 10:19 AM