Money Market In Malaysia

This is an islamic money money market instrument whereby the profit is determined upfront via a murabahah trade and payable on the maturity date together with the initial principal amount.

Money market in malaysia. Positive outlook likely for malaysia s equity market in 2021 wednesday 26 aug 2020 01 19 pm myt the local market has rebounded sharply from its covid 19 triggered steep depreciation and has performed relatively better than its regional peers largely thanks to the unprecedented government stimulus. Only short term money market deposit stmmd is protected by pidm up to rm250 000 for each depositor. This is an islamic money money market instrument whereby the profit is determined upfront via a murabahah trade and payable on the maturity date together with the initial principal amount. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy.

About united money market fund malaysia united money market fund is an open end unit trust incorporated in malaysia. 1 day 12 months. The securities commission malaysia requires at least 90 of the net asset value nav of a retail money market fund to be invested in short term bank deposits of less than six months fixed deposits fds of more than six months commercial paper and short term corporate bonds with maturities of not more than a year. The fund aims to provide income and liquidity.

The actual return is known only on the maturity date. Read the latest news on business finance and economy in malaysia and around the world plus get daily stock market news on msn malaysia money. Visit us at our branches nationwide. Rm50 000 usd 5 000 individual usd 20 000 company deposit tenure.

Pidm s dis brochure for more enquiries. Based on a contract of wakalah agency with the objective of making a profit its features are all but not limited to the following. Drop us an email and we ll get back to you. Jalan dato onn 50480 kuala lumpur malaysia.

Find a branch call us. Features minimum investment rm50 000 usd 5 000 individual usd 20 000 company.