ING Bon Islam, CIMB Islamic Bank – Islamic Unit Trust Investment Program/Account

Invest your money in ING Bon Islam, CIMB Islamic Bank Islamic Unit Trust investment program.

Aims to provide investors with a regular income stream through investments in Islamic bonds and Islamic money market instruments.

This fund is suitable if you:

  • Seek regular income stream from sukuk.
  • Have low to moderate risk tolerance.
  • Have short to medium-term investment horizon.

Terms & Conditions Apply

Fund Details

  • Fund Type: Islamic Bond
  • Investment Manager: ING Funds Berhad
  • Trustee: BHLB Trustee Berhad
  • Benchmark: All Malaysian Government Securities Index by RAM Quant Shop.
  • Launch Date: 23 April 2004
  • Initial Offer Price (NAV per unit): RM0.50
  • Approved Fund Size (RM): 150 million
  • Investment Time Horizon: Short to medium-term
  • Minimum Initial Investment: RM1000
  • Minimum Additional Investment: RM100
  • Distribution Policy: Income as secondary objective, if any, is paid annually.
  • Cooling-off Period: 6 business days from the date of your first application during the Offer Period. (The cooling-off right is only provided to an investor who is investing in the Funds offered by the Management Company for the first time).
  • EPF Approved: Yes

Fees

  • Initial Service Charge: Max 1.5% of NAV
  • Annual Management Fee: 1.00%
  • Annual Trustee Fee: 0.07% of NAV
  • Repurchase / Redemption Fee: Nil
  • Switching Fee: Exit at NAV. Pay the differential of entry fee amount to enter into any equity or balanced funds.

How to Apply?

Call us at 1300 880 900 or +603 22956100

Email us at callcentre@cimb.com

Source: http://cb.cimbislamic.com/index.php?ch=ci_per_wm&pg=ci_per_wm_inv_ut&ac=116&tpt=cimb_islamic&tpt=cimb_islamic

*This page contains information sourced on 30 Dec 2010. Please check with the bank for the latest updates.

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