Here is a 16-page version of Sukuk Prihatin from CIMB. Jom subscribe the Retail Sukuk. This is a very good move by the governent to educate the public on Sukuk/Bond as a monetary/fiscal instrument in battling COVID-19 crisis.
https://www.cimbclicks.com.my/pdf/sukuk-prihatin-knowledge-pack.pdf
Below is the Excerpt taken from the Knowledge Pack - "Statement of Purpose"
"Dear Investors,
The Government of Malaysia (“GoM”) is pleased to share that Malaysia is issuing an innovative first-of-its-kind Sukuk Prihatin that is open to retail and corporate investors. This sukuk is initiated in response to the public’s request to participate and contribute to the rebuilding of the nation post-COVID-19.
This sukuk, with a minimum subscription/application amount of just RM500, offers a profit rate of 2.0% per annum, payable quarterly, over a two-year term. It is also the very first sukuk that can be subscribed via JomPAY or DuitNow on all distribution banks’ digital (internet/ mobile) banking.
Sukuk Prihatin is part of the National Economic Recovery Plan (“PENJANA”) which was launched on 5 June 2020 with three main objectives: to empower the rakyat, propel businesses and strengthen the economy.
The proceeds from this Sukuk will be channelled to the Kumpulan Wang COVID-19 to finance measures announced in the economic stimulus packages and recovery plan to address the COVID-19 crisis. Examples of the initiatives/programmes as announced in the economic stimulus packages and recovery post Covid-19 includes but not limited to the following:-
1) medical expenditure related to COVID-19 disease;
2) for financing/grants for micro enterprises; and
3) to enhance connectivity to rural schools, which will also act as hubs to connect nearby villages.
This Sukuk Prihatin Knowledge Pack (“Knowledge Pack”) provides all investment details of this instrument, including the objectives, key features and benefits, step-by-step guide on the application and investment process as well as other relevant information.
It is our sincere hope that this Knowledge Pack will facilitate a more informed decision-making process on the part of investors.
The Government of Malaysia"
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