Ambank launches new ‘recovery’ themed plan

The sharia compliant AmMomentum Select Islamic Negotiable Instrument of Deposit (NID-i), will give exposure to equities - 100 global sharia compliant stocks - and commodities markets - including agriculture, energy and metal.

The four-year plan has a dynamic strategy, based around three-month moving averages, which ranks how much to allocate to different asset classes depending on the previous month's performance. If the performance is above the three-month average for that asset class, then the

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