45pc fee discount for Hibah Amanah, Trust Declaration

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a unit trust company of Permodalan Nasional Bhd (PNB), is offering a 45 per cent discount on registration for Hibah Amanah and Trust Declaration for the August 1-October 31 period.

In a statement yesterday, the company said during the promotional campaign, investors only needed to pay a registration fee of RM100 instead of the standard fee of RM180 for Hibah Amanah (for Muslim investors) or Trust Declaration contract (for nonMuslim investors).

It said in each contract, investors might nominate up to 10 beneficiaries for their investments in ASNB unit trusts.

Its chief executive officer and executive director Mohammad Hussin said the promotion was aimed at encouraging ASNB investors to take proactive steps in managing their unit trust assets while they were still able to do so, in order for the assets to be easily claimed by their beneficiaries.

“With Hibah Amanah or Trust Declaration, investments in ASNB unit trusts can be claimed first and the beneficiaries only need to wait for a minimum of 30 days for the transfer of the unit trusts,” he said.

Unlike the concept of nominees, where the nominee only acted as the executor for the funds inherited from the deceased, Hibah Amanah and the Trust Declaration enabled the named persons to be the absolute beneficiaries of the assets, he said.

To register for Hibah Amanah or Trust Declaration, investors can obtain the registration form at any ASNB branches nationwide, or download from the ASNB website at www.asnb.com.my.