Thursday, November 18, 2010

AmCash

Kebanyakan orang apabila mendengar perkataan Insuran akan fikir KEMALANGAN atau MATI akan tetapi insuran juga bertindak menjaga dan menambah kewangan untuk hari tua kelak. adakah anda memikirkan tentang hari tua anda nanti?. Mungkin anda berfikir anak anda yang akan menyara anda, tetapi anda tahu keadaan masa akan datang?. Berapa gaji anak yang boleh menyara anda?. Apa-apa boleh berlaku, andaikan anak-anak anda pergi(meninggal dunia) terdahulu sebelum anda apa yang anda akan buat? minta sedekah? bunuh diri? cari makanan dalam tong sampah?. mungkin tidak tapi itulah salah satu hakikat yang bakal berlaku cuba renungkan sedalam-dalamnya apa yang kita cuba lakukan dalam hidup ini, berpenat lelah cari duit untuk apa?. kenapa tidak menyimpan di tempat yang selamat dan kita akan dapat dengan apa yang dijanjikan didalam Quotation. Sah Sehingga April sahaja

AmAssurance Consultant
Ridzuan 017-2798990

Monday, November 15, 2010

Kencana Said to Hire AmInvestment Bank for Islamic Bond Sale

By Katrina Nicholas

April 28 (Bloomberg) -- Kencana Petroleum Bhd., the Malaysian oil and gas services company, hired AmInvestment Bank Bhd. to help it sell as much as 250 million ringgit ($78 million) of Islamic bonds, according to a person familiar with the matter.

The bonds, known as sukuk, may be marketed to investors next month with maturities of three, five and seven years, the person said, asking not to be named as the details are private.

The sukuk will be the first Islamic notes guaranteed by Malaysia’s state bond guarantee agency, Danajamin Nasional Bhd. Danajamin said on March 23 that it agreed to an “inaugural guarantee” of Kencana’s Shariah-compliant debt.

Sales of sukuk rose to $20.2 billion last year from $14.1 billion in 2008 as investor confidence began to recover from the global credit freeze, according to data compiled by Bloomberg. Sales topped $31 billion in 2007 as oil earnings boosted Arab wealth, and they may near that total this year, KFH Research Ltd. said on April 12.

Danajamin’s guarantee will give Kuala Lumpur-based Kencana’s bonds the highest AAA rating, enabling it “to raise funds from the sukuk market at a competitive rate,” Danajamin said last month.

Malaysian companies typically receive A or AA grades from domestic ratings companies, which discourages smaller businesses from selling bonds due to high costs, Danajamin Chief Executive Officer Ahmad Zulqarnain Onn said on April 7.

Proceeds from Kencana’s sale will be used to buy at least three offshore support vessels for charter to the oil and gas industry, according to Danajamin. No-one at Kencana’s investor relations department was immediately able to comment when Bloomberg called the company’s main office today.

--Editors: Will McSheehy

To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

To contact the editor responsible for this story: Will McSheehy at wmcsheehy@bloomberg.net

Tel : 017-279 8990 (ridzuan)

Email : syokbiz@gmail.com
(Consultant)

Sunday, September 6, 2009

AmAssurance+AmInvestment (ILP-Investment Link Product) better way to make profit.

AmInvestment Bank Group aims to achieve RM1mil net profit for its newly launched Islamic stockbroking (ISB) unit in the first year of operations.

Operations director Shaharuddin Hassan said RM1mil in bottomline was achievable and translated into RM600mil trading volume.

AmInvestment is the second bank to set up an ISB unit in the country after Bank Islam Malaysia Bhd.

According to retail broking director Lee Yew Kin, two or three local investment banks will soon launch their ISB units.
From left: AmInvestment Bank Group economic advisor Mustafa Mohd Nor, AmBank Group chairman Tan Sri Azman Hashim, AmIslamic Bank Bhd CEO Ahmad Zaini Othman, AmBank (M) Bhd executive director, retail banking Mahdi Murad and AmInvestment Bank Group chief investment officer (fixed income) Yvonne Phe at the launch of its first Islamic Structure Deposit, Active Commodities Islamic Negotiable Instruments of Deposit (NID-i).

Meant for Muslim and non-Muslim customers, ISB offers syariah-compliant products, activities, business and operations.

Services offered carry no elements of riba’ (interest) such as contra service charge, interest charges and interest income.

“We are now using the strength of the infrastructure in our conventional stockbroking to provide this service,” Shaharuddin said, adding that the new venture cost about RM2mil.

The bank will consider setting up a full-fledged centre when the demand has picked up.

On the possibility of introducing ISB beyond Malaysia with a partner, Shaharuddin said the bank’s intention was to first build a track record in the local market.

He said about 800 counters listed on Bursa Malaysia were syariah-compliant and this translated into a huge potential for the ISB market.

He said Islamic stockbroking now contributed less than 1% of the total trading volume.

On the outlook of the local stock market, he said it would be choppy in the next few months due to the slowdown in the global market and political instability in the country.

http://www.aftaas-syariah.com/content/view/20/1/