Kamalul (second from right) launching AHB’s “Simpan, Labur dan Menang” Prize Draw on Monday. He was also joined by PHB group chief financial officer Mohd Fadzil Maruwan (far left), Maybank Asset Management Sdn Bhd chief executive officer Ahmad Najib Nazlan (far right), and AHB Ambassador Noor Neelofa Md Nor (second left).

KUALA LUMPUR: Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn Bhd (MAM) announced another initiative to promote and increase investment in Amanah Hartanah Bumiputera (AHB) scheme with the launch of “Simpan, Labur dan Menang” prize draw with customers standing a chance to win AHB units worth RM400,000 in overall prize.

AHB unit holders with a minimum balance of 1,000 units in the account maintained for a period of six months, beginning October 1 this year until March 31 next year, will be automatically enrolled to participate for one random draw which will be administered by Dynamic Search Sdn Bhd, the Draw Manager appointed by PHB and MAM for this initiative.

Unit holders are entitled to one entry for every 1,000 units maintained throughout the period.

All entries will be calculated based on the average minimum monthly balance for six months.

New unit holders are also qualified to participate in the Draw provided their accounts are opened before October 1.

The random draw will take place after the cut-off date which is on March 31, 2019.

Prizes are offered in four categories, with 200,000 AHB units as first prize; 100,000 AHB units for second prize; 50,000 AHB units for third prize; and 50 Consolation prizes worth 1,000 AHB units each.

Shortlisted participants will be contacted by the Draw Manager to answer one skill-based question to complete the draw.

Participant with the right answer will be declared as one of the winners.

Speaking at a media conference to announce the prize draw, PHB’s group managing director and chief executive officer Datuk Kamalul Arifin Othman said that the initiative is consistent with PHB’s mission to empower Bumiputera beneficial ownership over the property market in major locations throughout Malaysia.

“Suffice to say that our commitment towards achieving our objectives of promoting savings and investment amongst Bumiputera, had translated into various creative plans which have led us to introduce the latest promotion”.

He stated that PHB intends to make the Draw a yearly promotion and not a mere one-off program.

“If for some reason you missed the boat this time to participate or did not win in the first round of the draw, do not be discouraged. There are many more draws to come in the future,” he said.

He also urged members of the public who are interested to be part of the Draw but have yet to subscribe to AHB units to do so at any Maybank, AmBank and Ambank Islamic branches throughout Malaysia.

“The minimum investment is RM100 for each individual, while the maximum investment amount is RM500,000. However, to be eligible for the draw, you must maintain a minimum account balance of 1,000 units.

“Please take this golden opportunity to learn more about AHB and the benefits it brings, particularly with the draw that we are introducing now and will be a yearly promotion for AHB,” he said.