​Money Market

Overview

KWAP Funds are invested in a wide range of money market products at attractive yields to insure the best return on our investments.
Funds are deposited in the accounts of the following institutions :
  • Central Bank of Malaysia (Bank Negara Malaysia);
  • Licensed bank or financial institution as defined under the Banking and Financial Institutions Act 1989 (Act 372);
  • Development financial institutions as defined under the Development Financial Institutions Act 2002 (Act 618);
  • Islamic bank under the Islamic Banking Act 1983 (Act 276);
  • Duly licensed bank or financial institution outside Malaysia.

Core Objective

  • Maximisation of the returns of interests and dividends for bank deposits and money market instruments.
  • Preservation of liquidity in meeting the daily investment cash-flow obligations.

Types of instruments invested

Investment of KWAP Funds are carried out in both the Islamic and conventional money market instruments including :
  • Treasury Bills
  • Bank Negara Monetary Notes
  • Banker’s Acceptance
  • Deposit Certificates
  • Current Accounts with Financial Institutions