Money Market In Malaysia

Conduct your investments and business in a highly competitive banking environment with these money market instruments.

Money market in malaysia. Islamic money market commenced trading in january 1994 as the first islamic money market in the world the market provides for. Email now talk to an expert. Find a branch call us. 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.

In a repo or repurchase agreement the bank sells its money market instruments approved by bank negara malaysia to an investor with an understanding to buy back the instruments at an agreed price interest rate on a specific future date. Interbank wakalah is a wholesale money market transaction designed as liquidity management instruments in the islamic money market. Negotiable instruments of deposit nid issued by the bank to certify that a certain sum in myr or foreign currency has been deposited with the issuing bank. Visit us at our branches nationwide.

Pidm s dis brochure for more enquiries. Malaysiastock biz is a free channel for you to access the klse market watch information covered from market summary overview top volume top gainers top losers and up to each categories and individual listed company. Jalan dato onn 50480 kuala lumpur malaysia. Drop us an email and we ll get back to you.

Regulations or guidelines issued by bank negara malaysia from time to time. 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. Only short term money market deposit stmmd is protected by pidm up to rm250 000 for each depositor. Features minimum investment rm50 000 usd 5 000 individual usd 20 000 company.

Based on a contract of wakalah agency with the objective of making a profit.