A Discussion on Amanah Saham Bumiputra’s (ASB) Halal status. The view of Securities Commission (SC). Pandangan Suruhanjaya Sekuriti.

A fatwa was issued by the Majlis Fatwa Kebangsaan Malaysia about the Halal Status of Amanah Saham Bumiputera (ASB). It was deemed to be as HARUS.

However, I came across some new information. It seems like it is HARAM according to Securities Commission (SC) or otherwise known as Suruhanjaya Sekuriti.

Have a look at this.

So, readers, do have a say in the comments section below.

[Read more…]

Bank Simpanan Nasional’s (BSN) Sijil Simpanan Premium (SSP)

Bank Simpanan Nasional or better known as BSN is an organisation that was incorporated to replace the Post Office Savings Bank, back in the old days. BSN was incorporated under the Ministry of Finance.

Talking about BSN, a product that the Malaysian public is really familiar with is Bank Simpanan Nasional’s (BSN) Sijil Simpanan Premium (SSP).

[Read more…]

Third and Final Update of Public Asia Ittikal’s (PAIF) Syariah Compliancy Issue

Thanks to Jean Chai, the age-long issue being discussed (or lack thereof), has been solved.

Jean Chai has brought the matter up to Public Mutual’s ranks and their response has put the issue to rest.

[Read more…]

Dollar Cost Averaging Lowers Your Break-even Point – Investors’ Perspective

This is the continuation of the first article on Dollar Cost Averaging. That article is located here.

Now, we shall look at dollar cost averaging in action. Consider the scenario below:

Let’s say you invest in a unit trust fund, starting with $1,000, and you add up $1,000 to your investment every month. Let’s consider the scenario below:
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Dollar Cost Averaging: Investors’ Perspective

In this article, we shall look at what exactly is Dollar Cost Averaging. This will be looked at in the perspective of an investor (i.e. persons whose investment horizon is more than 12 months). For traders out there, hang on yeah. I will write about dollar cost averaging for traders pretty soon.

Dollar Cost Averaging is a technique used by many investors out there to multiply the returns from their investment.

[Read more…]

2nd Update on Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue

Another update of the Public Asia Ittikal Fund (PAIF) syariah compliancy issue.

The first entry about this issue is here. The second one is here.

I recently received a response from one of my readers. Here it is:

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Updates on the Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue

About a couple of weeks back, I wrote an entry about Public Asia Ittikal Fund’s (PAIF) syariah compliancy status. Read about it here.

I did get a response from a unit trust agent a few days after that.

Here’s the excerpt:

“Our investments are looked at by the Securities Commission. Any investment that is not compliant to syariah based, can [be] penalised by the Securities Commission. The Trustee for PAIF, if I am not mistaken, is CIMB.

Public Mutual cannot make an error like that as it would jeopardise the good name of the company and the trust that many Muslim investors have in Public Mutual.”

My response:

Unfortunately, that doesn’t really answer my question.

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Public Asia Ittikal Fund not Syariah Compliant?

I’ve been meaning to blog about this topic for quite sometime now.

While I was in Malaysia, I received Public Asia Ittikal Fund’s (PAIF) annual report for the financial period from 2nd of August 2006 to 31st October 2007.

In the “notes to financial statements” section, they listed out pretty much all of the companies that they are holding in their portfolio.

One company caught my attention. ABC Learning Centre, an Australian company.

According to ABC Learning Centre’s financials, I noticed that their total debt divided by market capitalisation is somewhat in the vicinity of more than 50%.

[Read more…]

ASB : Amanah Saham Bumiputera

In Malaysia, ASB (short of Amanah Saham Bumiputera) is one of the hottest unit trust products in Malaysia. People like ASB because of the product’s ease of understanding and ease of getting your money in and getting your money out. The returns on average are fairly alright. Way over any fixed deposit rates in Malaysia. ASB is one of the products offered by PNB (short for Permodalan Nasional Berhad), a Malaysian Asset Management company.

Here are some features of ASB: [Read more…]

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