KUCHING: Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn Bhd (MAM) yesterday announced the winners of its ‘Simpan, Labur dan Menang’ campaign.
Launched on Aug 15 last year, the campaign aimed at promoting and increasing investments in Amanah Hartanah Bumiputera (AHB) – the country’s first shariah-compliant real estate-backed unit trust fund.
The fund, which made its debut in 2010, is primarily aimed at providing more opportunities for Bumiputeras to partake in the beneficial ownerships of key commercial properties through their unit holdings in AHB, said a statement yesterday.
With ‘Simpan, Labur dan Menang’, AHB unit holders with a minimum balance of 1,000 units in the account maintained for a period of six months, from Oct 1, 2018 to March 31, 2019, were automatically enrolled for one random draw.
The first prize of 200,000 AHB units went to Prof Dato Mohd Fadzil Abdul Rahman from Sarawak followed by second prize winner Noor Suzara Embong from Terengganu who received 100,000 AHB units.
Third-place winner Mohammad Amirul Aiman Azman from Johor, a holder of Akaun Remaja, went home with 50,000 AHB units.
PHB group managing director Dato Mahmud Fauzi Muda, who presented the prizes, lauded the winners’ commitment to investing and financial planning.
“We hope that this has been a rewarding experience for you, and hope that this will serve as an inspiration for other Bumiputera investors and Bumiputera parents to start early in saving for their children,” he said.
According to Mahmud Fauzi, AHB is unique in that it gives unit holders an opportunity to invest in high-value prime real estate without a large capital overlay from individual investors.
He added that despite the challenges in the property market in Malaysia over the past few years, recent demand for AHB units has been very encouraging.
He disclosed that the fund had also paid out approximately RM1.14 billion in dividends to its Bumiputera investors over the last eight years.
“It has managed to keep the annual dividends reasonably constant within the range of 5.8 per cent to 7.5 per cent per annum, net of zakat,” he added.
Since the launch of the AHB scheme in Nov 2010, he said PHB now owns over eight million sq ft of commercial property assets.
“We have 22 buildings all over Malaysia, made up by a diverse range of asset classes comprising office buildings, specialist hospitals, shopping malls and logistics warehouse.”
To date, PHB has a total asset worth approximately RM10.3 billion.
“Even though the percentage of commercial properties held by PHB and AHB is still small relative to the total market, I can safely say that the fund has established a reasonably good investment model so far.
“AHB has the potential to grow much bigger and make a bigger impact in the future,” added Mahmud Fauzi.