Malaysian Babies
born 1 January 2018 until 31 December 2022

Free* RM200 worth of unit trust incentive for your baby.
branchesASNB agentASNB

*Terms and conditions apply
What is Amanah Dana Anak Malaysia 2050 (ADAM50)?

ADAM50 is a new program introduced by the Government in collaboration with Permodalan Nasional Berhad (PNB) for all Malaysian newborn babies from January 1, 2018 to December 31, 2022.

By distributing free incentive units as initial investment capital, ADAM50 aims to encourage savings and investment of Malaysians from an early age.

The free incentive units will be credited into Amanah Saham Bumiputera (ASB) account for Bumiputera babies or Amanah Saham 1Malaysia (AS 1Malaysia) for non-Bumiputera babies after registration at Amanah Saham Nasional Berhad (ASNB*) branches and Agents’ branches.

*ASNB is a wholly owned subsidiary of PNB that is responsible in managing ASB and AS 1Malaysia.

What are the special features of this program?

Parents, guardians or third parties can make additional subscriptions for the participants up to the maximum individual limit set by ASNB, as follows:

  • Current maximum individual limit of Akaun Remaja of ASB; OR
  • A maximum of 50,000 units for AS 1Malaysia

The maximum individual limit for ASB and AS 1Malaysia with regards to ADAM50 is inclusive of the 200 incentive units given.

What is the amount of incentive given?
200 units are allocated for every Malaysian newborn babies from January 1, 2018 to December 31, 2022.
Can the free units given be redeemed at any time?
Incentive units of 200 and any income distribution as well as additional distribution (if any) arising from these incentive units can only be redeemed after the child reaches the age of 18 years old.
Can the registration for ADAM50 be done at any time?
Registration shall be made within a maximum of one year after the date of birth of the newborn. For instance, if a baby was born on January 2, 2018, the parent or registered guardian must register by January 2, 2019. The entitlement for the free incentive units will be forfeited upon the lapse of the one-year period.
Who is eligible to perform the registration of ADAM50?

The eligibility of ADAM50 are as follows:

  1. Malaysian
    1. Bumiputera – ASB
    2. Non-Bumiputera – AS 1Malaysia
  2. Parent or registered guardian must have attained the age of 18 years and above during the registration process

Supporting documents such as Court Orders shall be presented during the registration for registrations by individual other than the parent of the baby

Can participants of ADAM50 cancel the account after registration has been made?
No. Unless the general eligibility of investment in ASNB Funds is not fulfilled, such as the surrender of citizenship.
What is the start date of ADAM50?
January 1, 2018.
Will there be any quota allocation based on race for ADAM50?
No. The units allocated in AS 1Malaysia for the purpose of ADAM50 is open to all Malaysian non-Bumiputera babies, regardless of ethnicity.
When will an account registered under ADAM50 reach maturity?

ADAM50 participant's account will become mature after reaching the age of 18. The status of the account will then be changed to Normal Account and all incentive units and income distribution (if any) can be transacted normally.

The maximum limit for individual participants will be treated based on the existing treatment of ASB and AS 1Malaysia, whereby for Bumiputera, the limit will follow the existing maximum individual limit of Akaun Dewasa ASB. For non Bumiputera, no individual limit will be imposed, but additional subscription will be subject to the availability of AS 1Malaysia units at that point of time.

Should I opt not to participate in ADAM50 initially, Will I have the option to re-participate?

Parents still have the option to reparticipate in ADAM50 if the conditions below are fulfilled:

  1. Registration is made within 1 year from the date of birth of the baby, AND
  2. The baby still does not have an ASB (Bumiputera) account or AS 1Malaysia (non Bumiputera) account; OR
  3. Should the baby have opened the account in ASB or AS 1Malaysia, there is no investment/holdings in the account (inclusive of initial investment).

If any of the above conditions is violated, the eligibility for participation in ADAM50 will be forfeited.

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