Sukuk Prihatin: How you can help Malaysia while earning something for yourself

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The proceeds from Sukuk Prihatin will go to the Kumpulan Wang Covid-19 to fund measures announced in the government’s economic stimulus packages and recovery plan to address the Covid-19 crisis. — Reuters picKUALA LUMPUR, Aug 20 ― The Malaysian government on Monday launched the Sukuk Prihatin with the target of raising RM500 million to aid the country’s economic recovery amid the Covid-19 pandemic, by opening up an opportunity to Malaysian individuals and companies to invest in the Shariah-compliant investment instrument or Islamic bond through the lending of their money to the government for two years. Beyond helping with the government’s efforts in rebuilding the economy after the Covid-19 pandemic, Malaysians who choose to put money into Sukuk Prihatin will be able to get back the principal or initial sum at the end of the two years, along with profits at a fixed rate every …