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.

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.

The returns will then be channelled to wakaf projects in the health, education, and community empowerment sectors as well as for humanitarian missions.

PNB group chairman of PNB, Tun Arifin Zakaria (pic, below) described Wakaf ASNB as a proactive step by PNB to strengthen wakaf management in Malaysia, in line with the government’s efforts to establish the National Wakaf Masterplan.

PNB group chairman of PNB, Tun Arifin Zakaria described Wakaf ASNB as a proactive step by PNB to strengthen wakaf management in Malaysia, in line with the government’s efforts to establish the National Wakaf Masterplan.PNB group chairman of PNB, Tun Arifin Zakaria described Wakaf ASNB as a proactive step by PNB to strengthen wakaf management in Malaysia, in line with the government’s efforts to establish the National Wakaf Masterplan.

“Wakaf ASNB offers our unit holders the opportunity to make charitable donation while investing with us.

“Wakaf ASNB also complements ASNB’s financial planning services, covering various investments, as well as estate planning facilities through Hibah Amanah and Trust Declaration,” he added.

Wakaf ASNB is made available in collaboration with the Federal Territory Islamic Religious Council (MAIWP) which has appointed ASNB as a Mutawalli, the administrator of wakaf assets through ASNB’s subsidiary, ASNB Wakalah Sdn Bhd (AWSB).

The appointment enables AWSB to manage and distribute wakaf funds in a transparent process and directly to development projects for the ummah and society at large on behalf of wakaf donors.

At a ceremony held at the MAIWP office recently, acting CEO of MAIWP, Mohd Nizam Yahya presented the Mutawalli appointment letter to the chairman of AWSB, Prof. Dr Mohamad Akram Laldin. Also present at the ceremony were the chairman of MAIWP, Datuk Dr Mohd Daud Bakar, PNB president & group chief executive, Ahmad Zulqarnain Onn, and chief executive officer & executive director of ASNB, Mohammad Hussin.

All ASNB Akaun Dewasa unit holders of all races can donate their unit trusts through the Wakaf ASNB service starting Monday at all ASNB branches nationwide.

Wakaf transactions on the myASNB portal and mobile application will start on Nov 1 for all ASNB funds, except ASN Imbang 1 which starts from Dec 1, 2021.

The minimum transaction for Wakaf ASNB is RM1,000 for fixed price funds and historical pricing variable price funds, and minimum 1,000 units for forward pricing variable price funds.

PNB said for details on Wakaf ASNB services, unit holders can contact the ASNB customer service centre at Tel: 03-7730 8899 or visit the Wakaf ASNB website.

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