CIMB Group, an ASEAN universal bank and one of the region’s foremost corporate advisors, is also a world leader in Islamic finance.
CIMB is a renowned financial institution based in Malaysia with headquarters located in Kuala Lumpur. They have been listed on the Main Market of Bursa Malaysia since 1987 and currently maintain a market capitalisation valued at RM47 billion as of 30 September 2021.
Gold accounts provide a safe way to invest in gold without having any physical assets. In some countries, only certain banks offer these types of investments. They can be beneficial if you want more diversity within your portfolio while maintaining stability through diversification with other investment products like stocks.
The price of gold will be determined by the Bank at its sole and absolute discretion. It considers all relevant factors, including world market conditions, local currency exchange rates between USD and MYR, and fineness levels.
Your investment may be at risk if market conditions change. Although gold is considered one of the safest investments in the world, you’ll have no control over the profitability of your fund and could sustain losses as well!
Gold investment account is not covered by Perbadanan Insurans Deposit Malaysia (PIDM).
The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!
The minimum amount of gold needed to maintain your gold investment account.
The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.
The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM260, and the bank repurchases it at RM250. The buy-sell spread is RM10 (RM260 minus RM250).