First batch of Islamic bonds up for sales

I was reading my usual daily newspaper when i came across an alternative savings options for people looking to maximise their “idle” money. We all knew that these days, fixed deposit gives out kinda lame interest (in the region of 2-3% per annum).

So when i read this article – First batch of sukuk bonds open for sale, i was kinda thankful that they did not limit to only a certain race or religion to buy it. The interest is pretty awesome – 5% per annum, and the maturity period of the bond is 3 years.

Not sure if the public will snap those bonds up like hot economy hotels promotions, but if i have extra money, i’ll sure go, find out more and probably purchase a few thousand units for myself. But for now, let’s go fill up my ASB account first. Heh.