What does ASSB mean in UNCLASSIFIED
Amanah Saham Sarawak Berhad (ASSAB) is a Malaysian government-linked investment company that provides financial services and products to investors. ASSAB was established in 1991 with the purpose of providing savings, investments, and retirement plans for the citizens of the State of Sarawak. It is one of Malaysia's leading asset management companies and has been successful in growing its assets under management over the years.
ASSB meaning in Unclassified in Miscellaneous
ASSB mostly used in an acronym Unclassified in Category Miscellaneous that means Amanah Saham Sarawak Berhad
Shorthand: ASSB,
Full Form: Amanah Saham Sarawak Berhad
For more information of "Amanah Saham Sarawak Berhad", see the section below.
Essential Questions and Answers on Amanah Saham Sarawak Berhad in "MISCELLANEOUS»UNFILED"
What does ASSAB do?
ASSAB facilitates investments and provides financial services and instruments, including equities, bonds, unit trusts, money market funds, PRS schemes and more, to investors.
Who can invest with ASSAB?
Anyone aged 18 or above who have a valid bank account or post office savings account can invest with ASSAB.
What is the minimum initial investment amount?
The minimum initial investment amount is RM1000 and subsequent investment amount must be made in multiples of RM100 up to a maximum of RM50,000 per annum.
Are there any fees associated with investing through ASSAB?
Yes there are fees associated with investing through ASSAB such as entry fees, custodian fees and exit charges, depending on the type of product. These fees may vary from time to time depending on prevailing market conditions.
Is my investment protected by government guarantees?
Yes all investments made through ASSAB are covered by insurance protection from PIDM (Perbadanan Insurans Deposit Malaysia). This provides protection for your deposits up to RM250,000 for each depositor in each member institution including Amanah Saham Sarawak Berhad (ASSB).
Final Words:
Amanah Saham Sarawak Berhad (ASSB) is an important government-linked investment company that seeks to provide access to financial services and products to investors in Sarawak State. Through careful planning and execution they have grown their assets under management over time. With various options available for investments along with insurance coverage provided by PIDM this makes an ideal choice for anyone looking to make long term investments.
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