The bank said ASNB unit holders can make ASNB wakaf contributions at any Bank Muamalat branch nationwide.
KUALA LUMPUR: Bank Muamalat Malaysia Bhd has become the first Amanah Saham Nasional Bhd (ASNB) agent to serve as a distribution channel for ASNB wakaf services.
In a statement yesterday, the bank said ASNB unit holders can make ASNB wakaf contributions at any Bank Muamalat branch nationwide.
The initiative not only enhances accessibility but also strengthens the commitment of Bank Muamalat and ASNB to provide transparent and effective wakaf services.
“ASNB wakaf allows unit holders to donate their ASNB unit trusts as wakaf, where the principal investment remains intact, and the returns are channelled to wakaf projects aimed at community and ummah development.
“This service is managed by ASNB Wakalah Sdn Bhd, a wakaf management institution responsible for overseeing the entire wakaf fund process, from collecting donations to distributing the wakaf benefit funds to those in need,” it said.
Bank Muamalat president and chief executive officer Khairul Kamarudin said the collaboration offers Bank Muamalat the opportunity to expand its services by providing Islamic financial solutions with significant social impact.
“By adding to our portfolio as the first ASNB agent for ASNB wakaf, we can make it easier for the public to contribute through investments in ASNB unit trusts that can be wakaf,” he said.
Khairul added that to encourage the public to participate in wakaf, the first 100 contributors who make ASNB wakaf donations through Bank Muamalat will receive a RM30 Touch ’n Go e-wallet voucher.
“Offering ASNB wakaf through Bank Muamalat reflects our commitment to empowering the Islamic financial system,” he said. — Bernama
