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.
- 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