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CM launches the state level ASNB trust fund inheritance services

6:36pm 08/12/2013 Pak Roshan 25 views Kota Kinabalu,Local

Chief Minister, Datuk Seri Panglima Musa Haji Aman launches the new trust fund inheritance services under the Amanah Saham Nasional Berhad (ASNB) at the Magellan Sutera Hotel here today. These services, which are known as Hibah Amanah and Pengisytiharan Amanah, are open to both Muslim and non-Muslim holders.

Chief Minister, Datuk Seri Panglima Musa Aman (right) at the launching of the new trust fund inheritance services under the Amanah Saham Nasional Berhad (ASNB). Also seen in the picture is PNB Chairman, Tun Ahmad Sarji Abdul Hamid.

Chief Minister, Datuk Seri Panglima Musa Aman (right) at the launching of the new trust fund inheritance services under the Amanah Saham Nasional Berhad (ASNB). Also seen in the picture is PNB Chairman, Tun Ahmad Sarji Abdul Hamid.

The launching ceremony is the first of its kind to be held in Sabah. It is held in conjunction with the 35th anniversary celebration of Pemodalan Nasional Berhad (PNB). The Hibah Amanah and Pengisytiharan Amanah services are expected to benefit over 11.6 million unit holders under all nine of ASNB’s trust funds.

Tun Ahmad Sarji Abdul Hamid.

Tun Ahmad Sarji Abdul Hamid.

According to the Chairman of PNB, Tun Ahmad Sarji Abdul Hamid, both of these new services are meant to assist ASNB unit holders in planning their property related to the ASNB trust unit, so that it would be distributed to their heirs in a faster and easier process.

“Hibah Amanah is a service in accordance with Syariah that applies the concept of ‘trust and grant’ in the management of properties, while Pengisytiharan Amanah applies the concept of trust,” said Ahmad Sarji.

In his speech, Chief Minister, Datuk Seri Musa Aman said that the Sabah government fully supports all efforts and initiatives taken by PNB and ASNB to strengthen the state’s economy.

“I have been made to understand that to date, there are already 1 million ASNB unit holders in Sabah, which is one of the highest number among the PNB investors’ profile,” said Musa.

“This shows that Sabahans are well aware of the importance of investing for a brighter future. Seeing this positive development, I am confident that Sabahans will fully support the launch of thse new services by ASNB,” he added.

Under these services, unit trust holders who have passed away will automatically have their assets transferred over to their family or loved ones. To register, holders must be aged 18 and above. Beneficiaries can be Malaysians or foreigners but must be directly related to the holder.

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