Earn greater return on your investment via Investment Account Platform (IAP)
“Restricted Investment Account-i" or “RIA-i” is a type of restricted investment account based on the Mudarabah contract where the Investment Account Holder (IAH) and RHB Islamic Bank (Bank) agree to share the profit generated from the assets funded by the RIA-i based on an agreed profit sharing ratio (PSR), while losses shall be borne by the IAH.
Investment Account Platform (IAP) is backed by Islamic banking institutions via the offering of Investment Account (IA) to the investors. Through this platform, Islamic banking institutions will facilitate matching of investments with the identified ventures or projects that are in need of funding.
To get started with IAP, you have to register as a user (individual or business) on this platform via https://iaplatform.com/indvRegister
Step | Explanation |
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1 | RHBIB approved a financing deal to be funded via RIA-i and source for the funds through respective channel (e.g. Investment Account Platform (IAP)) |
2 | Investment Account Holder (IAH) or the provider of capital places fund in Investment Account with RHBIB. |
3 | RHBIB as the entrepreneur (mudarib) accepts the funds from the IAH based on Mudarabah concept and invest/ channelled the fund to selected SMEs to finance their requirements for working capital or capital expenditures. The profit between IAH and the Bank is determined based on the Profit Sharing Ratio (PSR) at inception. |
3 a) & b) | Profit generated (if any) from the business activities will be shared between IAH and RHBIB according to the agreed PSR. The profit is calculated on daily basis. Profit will be credited into IAH’s account based on the payment structure of the tagged financing. |
3 c) | Losses (if any) will solely be borne by the IAH unless such losses are due to RHBIB’s misconduct, negligence or breach of specified terms in the contract. |
1. |
What is Investment Account (IA)?
Restricted Investment Account (RA) refers to a type of investment account where the IAH provides a specific investment mandate to the IFI such as purpose, asset class, economic sector and period for investment. Unrestricted Investment Account (UA) refers to a type of investment account where the IAH provides the IFI with the mandate to make the ultimate investment decision without specifying any particular restrictions or conditions. |
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2. |
What is Restricted Investment Account-i (RIA-i)?
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3. |
What is shariah concept of Mudharabah?
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What is shariah concept of Mudharabah?
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5. |
What is minimum investment amount for RIA-i?
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Is RIA-i protected under PIDM?
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How can I obtain the information relating to the investment project for RIA-i?
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What is the pre requisite requirement to perform the investment?
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How to subscribe for an investment project under RIA-i?
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4. |
Is there any investment window?
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How do I make an investment placement?
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What is the document required for account opening?
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How do I know the performance of the investment?
The performance of the investment will be published via Fund Performance Report on quarterly basis. The Fund Performance Report will be sent to respective investor’s email or any other written medium of communication that will be determined by RHBIB from time to time. Investor may request Fund Performance Report by ad-hoc basis at RM50 per request. |
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What are the fees and charges involved?
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