Main Feature
AmAdvantage Plus NID-i is a three-year Islamic Negotiable Instrument of Deposits that tracks the performance of four (4) global in-demand commodities. They are Oil, Corn, Cotton and Copper. To further enhance our offer to customers, a hibah of 2% will be given one (1) month after the commencement date.
This product is based on the Shariah concept of Mudharabah Muqayyadah. The payoff at maturity is linked to the least performing underlying’s performance at maturity against a 75% strike level.
Benefits
The key benefits of AmAdvantage Plus NID-i are:
1. Tracks the performance of 4 global in-demand commodities
• Limited supply but demand are increasing
2. 2% Hibah after commencement
• 2% Hibah to be given 1 month after the commencement date
3. Low strike level
• Customers can still receive potential payoff at maturity as long as the least performing underlying’s performance is higher than 75% at maturity
4. No entry, exit or management fees
This product is aimed to provide 100% value of the amount invested by the customer at maturity by virtue of the investment structure adopted by the Bank on a best effort basis.
In order to achieve this strategy, a portion of the investment will be invested into Negotiable Islamic Debt Certificate (NIDC) that provides a fixed maturity value which is equivalent to the full amount invested by the customer.. The balance will be used on an investment strategy that tracks the performances of the underlyings to provide the potential payoff returns. Therefore, customers are encouraged to hold the investment until maturity in order for them to receive 100% value of the amount invested and any potential returns.
Note: This product is now closed for subscription and is no longer available.
Investment Guidelines
AmAdvantage Plus NID-i is an Islamic Negotiable Instruments of Deposit ( NID-i ), as per the Bank Negara Malaysia Guidelines on Introduction of New Products for issuance requirements and Product Transparency for disclosure requirement ( 18 May 2009 ).
Investments in NID-i is a minimum RM 70,000 and additional investment thereon is in multiples of RM 10,000.
AmBank Group will provide investors with indicative daily redemption price for this product. Redemption before maturity is subject to prevailing market conditions.
WARNING: THIS PRODUCT IS NOT PRINCIPAL GUARANTEED. CUSTOMER MAY LOSE PART OR ALL OF THE INITIAL DEPOSIT. THE RETURNS ON THIS PRODUCT ARE UNCERTAIN AND CUSTOMER RISKS EARNING NO RETURNS AT ALL. THIS PRODUCT IS NOT COVERED BY PERBADANAN INSURANS DEPOSIT MALAYSIA
Monthly Performance Report |