Article: AmIslamic fund eyes RM75m deposits

Azlan Abu Bakar
New Straits Times
07-16-2009
AmIslamic fund eyes RM75m deposits
Byline: Azlan Abu Bakar
Edition: Main/Lifestyle
Section: Business Times
Type: Company

AMISLAMIC Bank Bhd launched yesterday its second Islamic structured deposit, the AmMomentum Select Islamic Negotiable Instrument of Deposit (NID-i).

The new product is aimed at providing a safe and profitable haven for investors. The minimum investment is RM70,000.
AmBank Bhd retail banking executive director Mahdi Murad said the NID-i, which is expected to raise RM75 million in deposits in a month, will perform in bull markets and protect investors during bear markets.

Mahdi said the NID-i is a highly innovative rule-based asset ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!