Equipping consumers with financial and investment literacy is crucial to enable them to protect themselves, cope with unexpected events, and ensure their financial well-being.
“With the growing sophistication of the capital market, the number of financial and investment decisions that consumers have to make is increasing. Longer life expectancy also means there is a need to ensure that accumulated savings are enough to cover longer period of retirement. Consumers are also responsible for the financial products they decide to purchase and will have to face the consequences of their choice.,” said Tan Sri Ranjit Ajit Singh, Chairman of SC.
Danajamin Nasional Bhd, the country’s first Financial Guarantee Insurer, issued its inaugural Tier-2 Subordinated Sukuk as part of its Capital Management Plan.
The Subordinated Sukuk issuance of RM500 million is part of a Sukuk Programme of up to RM2.0 Billion for the Issuance of Senior and Subordinated Sukuk Murabahah.
Affin Hwang Asset Management Bhd has declared a total of RM50.88 million distributions for 10 funds. These funds span across 5 different multi-currency class funds, providing investors with options to invest in their preferred currency. The income distributions were distributed across the Company’s retail and wholesale funds.