CIMB savings plan mimics a structured product

News

Malaysia's CIMB Islamic Bank is offering a bank account with a twist - it resembles a structured product. The capital-protected Max InvestSave allows people to deposit and withdraw as little as M$50 for 15, 20, 25 or 30 years.

The sharia-compliant product pays profits on the basis of the performance of an index over the investment term. The technique is basically a look-back feature, and investors will receive their principal plus the peak profit achieved by the investment deposit over its entir

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: