PNB launches wakaf ASNB service


Wakaf ASNB applies the concept of waqf muabbad, namely perpetual donation in which the wakaf fund will be retained as the principal investment to generate potential annual returns.

KUALA LUMPUR: Permodalan Nasional Berhad (PNB), through its unit trust management company, Amanah Saham Nasional Bhd (ASNB) has launched the new Wakaf ASNB service.

In a statement on Monday, PNB said the service enables ASNB unit holders to continuously donate their unit trusts for the benefit of the community once they have passed on.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Oil prices fall 2% as Chinese demand worries linger
China investors identify trigger points to buy
More than meets the eye in courier industry
Energy security is global priority in 2023
Asia’s richest man makes US$5bil bet to silence debt-obsessed critics
The crypto bubble of the worst kind
ESG in real estate gains traction
Poll: UK house price rally to end next year but no big crash seen
The rise and fall of FTX
Axiata remains resilient amid challenges

Others Also Read