KUALA LUMPUR: Permodalan Nasional Bhd (PNB), through its wholly-owned unit trust management company Amanah Saham Nasional Bhd (ASNB), has launched a new Wakaf ASNB service.
PNB said the service will enable ASNB unit holders to continuously donate their unit trusts for the benefit of the community.
“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,” it said in a statement today.
Group chairman Tun Arifin Zakaria said introducing Wakaf ASNB is a proactive step by PNB to strengthen wakaf management in Malaysia, in line with the government’s efforts to establish the National Wakaf Masterplan.
Arifi said the Wakaf ASNB will offer unit holders the opportunity to make charitable donations while investing with ASNB.
“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 said.
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.
All ASNB Akaun Dewasa unit holders of all races can donate their unit trusts through the Wakaf ASNB service starting today at all ASNB branches nationwide.
Wakaf transactions on the myASNB portal and mobile application will commence on November 1 for all ASNB funds, except ASN Imbang 1 which starts from December 1.
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.
Source: New Straits Times
