AHB fund size expands by 500m units

PELABURAN Hartanah Berhad (PHB) recently held an event to mark the increase in the size of its fund, Amanah Hartanah Bumiputera (AHB), by 500 million units.

The ceremony was officiated by Prime Minister Datuk Seri Najib Abdul Razak, who is also chairman of Yayasan Amanah Hartanah Bumiputera, the parent company of PHB.

“This is an achievement we can all be proud of. I understand one of the reasons AHB is attractive is its consistent returns, at a yearly 6.2%,” said Najib.

AHB is Malaysia’s first syariah- compliant unit trust fund backed by real estate. It was also set up to give bumiputra investors an opportunity to participate in owning prime commercial properties through AHB’s unit holdings.

The fund size stood at one billion units when it was launched in 2010. It has since been increased thrice – in 2012, 2013 and 2016. The recent increase sees the fund totalling four billion units.

The development was made possible due to PHB’s recent augmentation of assets, which include Tower H, an 18-storey office building block located at Empire City, Petaling Jaya and Empire Shopping Gallery, Subang.

The event also marked the launch of two promotional initiatives – “Simpan Lah” and “Akaun Remaja”. The latter is applicable to those aged three months to 18 years.

From now until Jan 31, 2018, open a new “Akaun Remaja” with a minimum of 100 units and receive an additional 50 units – terms and conditions apply.

Applications can be made at Maybank and Ambank branches nationwide. For more information, visit the PHB website.

Najib with (from left) PHB group managing director and CEO Datuk Kamalul Arifin Othman, PHB chairman Tan Sri Md Nor Md Yusof, Finance Minister II Datuk Seri Johari Abdul Ghani, PHB board members and students from SMK Bandar Rinching, Semenyih and SMK Sungai Pusu, Gombak at the launch.