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Citibank Malaysia is Structure Provider for New Capital Protection Investment Link Fund


WEBWIRE

Kuala Lumpur – Hong Leong Tokio Marine Takaful (HLTM Takaful) today unveiled its first Capital Protection Investment Link Fund (CPIL) scheme. This new scheme is a three-year Shariah compliant principal protected investment using the concepts of Murabaha and Wa’d (unilateral undertaking) where the returns at maturity are benchmarked against the performance of the best performing investment profile, property-related indices or commodities.

The scheme, managed by HLTM Takaful with Citibank as the structure provider is distributed by Hong Leong Bank.

HLTM Takaful CPIL returns will be benchmarked against property-related Indices of the European Public Real Estate Index (EPRA) and the Tokyo Stock Exchange REIT Index (TSEREIT) whereas the underlying commodities are oil, copper and zinc. The profile with the highest return from the combination of the property-related indices and commodities is selected as the best performing profile.

CPIL is an affordable investment instrument – initial investment starts at a low RM10,000 coupled with the most competitive upfront fee of 3%, the lowest being charged in the market today. It also provides Takaful protection of up to 125% of Single Contribution should death occur during the three-year term. Investors may invest up to a maximum of RM2 million per investor. Above that, the scheme provides a very attractive participation rate of up to 70%.

“In short, HLTM Takaful’s CPIL is a wise, ethical and safe investment scheme that provides customers with an attractive investment alternative with protection as an additional feature,” said En Ezamshah Ismail, Chief Executive Officer of HLTM Takaful.

Ezamshah adds, “As an investment savings scheme, customers are not exposed to the risk of losing their initial contribution (principal) if held till maturity since their principal is protected. The scheme is suitable for investors who would like to invest in global structure but have otherwise limited access or capabilities or are unsure of which asset allocation to invest in due to rapidly changing market environment.”

For his part, Sanjeev Nanavati, Country Head, Markets and Banking for Citi Malaysia said, “In line with our commitment to the Shariah compliance and harmonization effort, this product has been approved by Malaysian and Gulf scholars. The underlying asset classes have been chosen with a lot of care and analysis to try and bring to the investors a portfolio that has a high probability of generating strong returns over the three-year period.”

He adds, “The structure requires sophisticated risk management and pricing technology and Citi Malaysia has worked closely with our centers of excellence in London and Hong Kong to bring a global product to Malaysia in a Shariah compliant format.”

HLTM Takaful will leverage on Hong Leong Bank’s extensive branch network for the distribution of this scheme.

For more information, please call us directly at 03-2164 2339, e-mail us at ReachUS@hltm.hongleong.com.my, visit our website www.hltmt.com.my or contact our friendly Personal Financial Consultant at your nearest HLBB’s branches.



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