Amenergy Nid-I

Hello sir will you please provide me detail for the Amenergy Nid-I? what is mean of Amenergy Nid-I?

The Amenergy Nid-I is an Islamic Negotiable Instrument Deposit scheme. This AmEnergy NID-i is two years Islamic Negotiable Instrument Deposit that tracks the performance of three energy themed commodities;

Oil (WTI)
Soybeans (Biodiesel)
Sugar (Ethanol)

This product is based on Shariah concept of Mudharabah Muqayyadah (Restricted Mudharabah).

Subscription period is already closed.

This offer is coming in 2011 year. Now offer is closed. This Offered from 1/4/2011 until 5/5/2011.

AmEnergy NID-i, a close-ended product with a targeted size of RM100 mn (US$33 mn), is suitable for investors who want to ride on the energy-themed commodities’ growth but are risk averse and wish to protect their capi- tal.

AmEnergy NID-i, a Shariah-compliant product based on Mudharabah Muqayyadah concept, is principally protected upon maturity by virtue of underlying investment strategy.

Minimum investment amount is RM70,000 (US$234,000) and subsequent investment is in multiples of RM10,000 (US$3,345). Investors’ capital is guaranteed

Islamic Stock Markets:

GCC Region 2
Far East Region 3
MENA Region 4
Rest of the World 5
Sukuk Market 6
Commodities 7
Recent Developments 8

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Answered By StudyChaCha Member