Further details here at BNM website. Looks like it's a good deal since the current FD rate has dropped to 2.5% for 12 month period. Tuesday April 14, 2009 First batch of sukuk bonds open for sale PETALING JAYA: The first batch of the dual-series RM2.5bil Islamic bonds, which offer returns of 5% per year, is open for sale today. Applications can be made at any commercial or Islamic bank, or development financial institution in the country from today to May 13. Allocation is on a first-come, first-served basis. The minimal allocation is RM1,000, while the maximum value is capped at RM50,000. The first series of this Islamic bond, called Sukuk Simpanan Rakyat (SSR) 01/2009, is part of the Government’s RM60bil stimulus package announced on March 10, where up to RM5bil in saving bonds will be issued this year for people aged 21 and above, and with a maturity period of three years. This programme is designed for Malaysian citizens as an alternative savings vehicle providing...