Skip to main content

Posts

Showing posts from April, 2017

3.1 sen = Income Distribution for Amanah Hartanah Bumiputera (AHB) for 6 months ended 31 March 2017

For those who are looking for a conventional and steady stream of income, you may want to opt for AHB (syariah-compliant, tax-exempt and payable net of zakat). From The Edge Markets KUALA LUMPUR (April 4): Amanah Hartanah Bumiputera's (AHB) income distribution for the six months ended March 31, 2017 fell to 3.1 sen per unit, compared with 3.3 sen for the previous corresponding period. AHB is a syariah-compliant real-estate backed trust fund with a fixed price of RM1 per unit. It is sponsored by Pelaburan Hartanah Bhd (PHB), a real estate investment holding company owned by Yayasan Amanah Hartanah Bumiputera. The fund's manager is Maybank Asset Management Sdn Bhd. "The income distribution of AHB is tax-exempt and payable net of zakat, which will be credited directly into the unit holder's bank account on April 17," PHB and Maybank Asset Management said in a statement. For the full financial year ended Sept 30, 2016, a total income distribution of 6....