Main Feature
AmDaily Opportunities NID-i is a four (4) years Islamic Negotiable Instrument of Deposit that provides returns linked to six (6) selected global stocks which are Procter & Gamble, Dell Inc, Google Inc, China Mobile Limited, Samsung Electronics Co.Ltd and BHP Billiton Limited.
AmDaily Opportunities NID-i provides 4% Hibah upfront upon placement. A quarterly Profit Rate of 2% from Year 2 onwards until maturity is payable as long as all the six (6) global stocks had individually closed above their respective initial prices on any trading day during the quarterly observation period (the “Condition”). The profit rates are valued in US Dollar (USD). The payment of the Profit Rate to the Customer shall be in Ringgit Malaysia (RM) upon conversion of the US denominated currency, and for which shall be subjected to the Profit Sharing Ratio of 99.9% (Customer): 0.1% (The Bank).
Benefits
The key benefits of AmDaily Opportunities NID-i are:
- 4% Hibah upon placement
- Higher than the current 1 Year Fixed Deposit/ GIA rates
- Immediate payout upon placement
- Quarterly payoff with potential high total yearly Profit Rate of 8%!
- Potential to receive 2% each quarter
- 4 opportunities to receive quarterly coupons in a year
- Tracks the performance of 6 stocks from DJ Islamic Markets Titans
- Daily observing the stocks' performance individually to determine the payoff.
■ Quarterly payoff of 2% as long as all 6 stocks had individually closed at or above its initial price on
any day during the quarterly observation period
5. 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
AmDaily Opportunities 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 ).
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 |