Main Feature
AmEnergy NID-i is a 2-year Islamic Negotiable Instrument Deposit that tracks the performance of 3 energy themed commodities, namely, Oil (WTI), Soybeans (Biodiesel) and Sugar (Ethanol). The payoff at maturity is linked to the least performing underlying's performance at maturity against a 75% strike level. This is a Shariah compliant product based on the Mudharabah Muqayyadah concept.
Benefits
The key benefits of AmEnergy NID-i are:
1. Tracks the performance of 3 energy themed commodities
- Riding on the Bio Energy growth story
- Limited supply but demand are increasing
- Improving technology
- Increasing world government support
2. Short tenor of only 2 years
- Shortest NID-i product from AmIslamic Bank
3. Low strike level
- Customers can still receive potential payoff at maturity even if the underlyings were to fall less than 25% 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
AmEnergy 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 ).
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
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