Kuala Lumpur: Pelaburan Hartanah Bhd (PHB) is offering 300 million Amanah Hartanah Bumiputera (AHB) units for public subscription, providing Bumiputera investors a low-risk investment opportunity backed by real estate assets.

According to BERNAMA News Agency, the AHB units provide a significant opportunity, particularly for Bumiputera in the East Coast, to make AHB their main investment and savings instrument, said PHB group managing director and chief executive officer, Mohamad Damshal Awang Damit. He emphasized that interested individuals may subscribe to AHB units through PHB’s authorized distributors nationwide, including Maybank, AmBank, AmBank Islamic, and Bank Islam branches, or via the MyAHB Portal.

Mohamad Damshal Awang Damit further explained, “These 300 million units are existing units that we are reopening to individuals. Our focus is on individual investors, with priority given to the people of Terengganu.” He also highlighted that AHB has attracted 82,000 individual investors and around 19 institutional investors to date. Since its launch in 2010, a total of RM2.32 billion in income has been distributed to AHB investors.

The announcement was made after the opening ceremony of the Mayang Mall shopping center, officiated by the Sultan of Terengganu, Sultan Mizan Zainal Abidin, and attended by PHB chairman Raja Tan Sri Arshad Raja Tun Uda. AHB is a Shariah-compliant unit trust fund that invests directly in selected commercial properties in Malaysia, aiming to provide Bumiputera investors with a stable and consistent income.

The minimum investment is set at RM100 while the maximum limit is RM1 million, with income distributions done biannually.