FAQ ASB Income Distribution

The detailed of the income distribution and bonus for financial year end 2021 are as follows:

Income distribution 3.35 sen per unit
Bonus 1.25 sen per unit
Additional Bonus* 0.50 sen per unit
*for first 30,000 uni
The calculation of the income distribution and bonus are based on the average monthly minimum balance (MMB) for year 2022, the formula is as follows:

Income distribution calculation

Total Monthy Minimum Balance for the Year X Income Distribution Rate
12 bulan

Bonus calculation

Total Monthy Minimum Balance for the Year X Bonus Rate
12 bulan

The calculation of the additional bonus is based on the average monthly minimum balance (MMB) for year 2022, the formula is as follows:

Additional bonus calculation

Total Monthy Minimum Balance for the Year for the first 30,000 unit X Additional Bonus Rate
12 bulan

ASB will distribute the earnings from its income, if any, to the unit holders, at the Manager’s discretion, subject to approval from the Trustee. The total payout for income distribution in each financial year is based on the corresponding performance of ASB investments.

Each of these income distributions is in accordance to the Guidelines on Unit Trust Funds issued by the Securities Commission Malaysia as reference of all unit trust management companies in Malaysia.
ASB bonus, if any, is sourced from PNB itself at the absolute discretion of PNB. PNB has managed to distribute bonus to eligible ASB unit holders since the fund’s inception in 1990 until today and the bonus rate is subject to PNB’s capability and discretion.
All unit holders that have at least a minimum balance of 1 unit in ASB at the financial year end of 2022 are entitled to receive the bonus and additional bonus distribution.

For the ASB bonus, the entitlement is for each unit held while for the additional bonus, entitlement is only for the first 30,000 units held.
The income distribution, bonus and additional bonus of ASB will be re-invested to unit holders’ accounts as additional units and credited automatically into their respective ASB account on 1 January 2023.
Unit holders may check and view the income distribution and bonus from 12 noon, 1 January 2023 onwards, via myASNB portal and mobile application or real time online banking platform by ASNB Agent.

Meanwhile, checking at ASNB counters and agents can be made starting 3 January 2023. The income distribution statement shall be sent together with the manager’s report within 2 months from the financial year end. Additional info:
Statement via portal – 14 days after the financial year end
Statement via email – 30 days after the financial year end
Statement via postal – 60 days after the financial year end
Yes, the amount of income distribution and bonus will be displayed separately in the transaction record in myASNB and ASB annual statement. The transaction of income distribution and bonus will be displayed as follows:

Transaction Type Display in myASNB
Income Distribution Normal Reinvestment
Bonus Special Reinvestment
Additional bonus Additional Special Reinvestment
National Fatwa Council as well as State Fatwa Councils, had pronounced, in safeguarding the importance of the Muslims and avoiding significant economic impact, the ruling of investing in unit trusts managed by PNB and receiving its dividend or bonus are Harus.
How is zakat calculated for ASB investment?
  1. Includes all ASNB unit trust funds including investments in ASB
  2. Limited to cash investment only. Non-cash investments such as ASB funding or units blocked for Hibah are not included in the calculation
  3. Registered unit trust funds must reach at least one (1) calendar year to meet the 'haul' requirement in zakat assessment
  4. The investment amount is equal to or exceeds the amount of Nisab set.
Since November 2021, ASNB has provided a zakat calculator in the myASNB portal/application to facilitate the Muslim investors on zakat calculation.

The calculation of zakat in myASNB portal/application is based on the method set by the Majlis Agama Islam Wilayah Persekutuan (MAIWP) which is 2.5% of the total investment eligible for zakat calculation (in RM) on 31/12/2022, provided that the amount the investment equals or exceeds the Nisab amount set by MAIWP for the year 2022.

Investors can make zakat payments at any Zakat Collection Center of their choice. Under the Income Tax Act (ITA) 1967, Section 6A (3), the payment of zakat for the year of assessment, enables the investors to obtain tax rebate.
The wakaf units will be transferred to MAIWP as the trustee of Wakaf ASNB. Wakaf units are still entitled to ASB Income distribution and bonus of which these distributions will be transferred to the Wakaf Distribution Account to be chanelled to wakaf projects.

Wakaf donors will receive an annual wakaf report containing information on the accumulated wakaf fund, investment returns from the wakaf fund and distribution of wakaf to charitable projects
The calculation of income distribution and bonus for ADAM50 programme are separated from the other unit holdings however the formula to calculate is the same.

The total income distribution for the programme will be reinvested but cannot be redeemed until it reaches the maturity i.e. when the child reaches the age of 18 years.

Parents/registered guardians may check the transaction amount via the myASNB portal and mobile application or at over the counter of ASNB branch or Agent nearby.
Throughout 2022, the international stock market has shown uncertain performance driven by high global inflation rates due to the increase in oil and gas prices as well as commodities around the world due to the geopolitical conflict between Russia and Ukraine and the disruption of the world supply chain by the zero policy in China.

To curb inflation, central banks around the world including Bank Negara Malaysia (BNM) have raised their base interest rates. The sudden increase in interest rates has not only resulted in the decline of the bond and sukuk market but has also increased the risk of the next global economic recession which led to stock market volatility.

The key benchmark of the local market, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) has declined by 95 points or -6.07% from 1,567 points on 31 December 2021 to 1,472 points on 19 December 2022. Meanwhile, the MSCI All Country World Index (MSCI ACWI) has recorded a drop of USD152.83 or -20.25% from USD754 on 31 December 2021 to USD602 on 19 December 2022. ASB which invests most of its portfolio in local stock market, the global stock market as well as bonds and sukuk have also been affected.
To continue delivering sustainable returns and improve risk-return profile of the funds under its management, PNB will continue to execute its diversification efforts into various asset classes and international markets under its Strategic Asset Allocation (SAA) plan to complement and support PNB’s mandate.

The diversification is expected to produce all-weather portfolios which would help to reduce the risk of concentration from a particular asset class. The funds will also carry out active monitoring and portfolio rebalancing exercises from time to time to navigate and respond to market conditions and volatility.
The economic and stock market conditions are expected to remain challenging in 2023, therefore unit holders are advised to continue investing in ASB for the long term either with their own money or financing.

ASB financing allows investors to do forced savings in ASB with larger investment capital. However, it should be noted that the financing must be made according to one’s ability and commitment to pay the monthly instalments. In other words, investors should pay monthly instalments by using their own money, instead of using income distribution from ASB (“rolling dividend”) to fully utilize the compounding effect.

Now, there are many online investment facilities such as portal and mobile application @myASNB and internet banking services provided by ASNB agents that will make it easy for investors to transact anywhere online. In addition, investors may also choose to invest in ASB via the Auto Labur facility which allows them to set recurring monthly investments from as low as RM30 automatically. Through this facility, it will be easier to invest regularly each month based on what they can afford.

Investors are advised to get competitive financing rate and consult with the bank for a lower financing rate. Investors can also seek advice on ASB financing with ASNB Customer Service Centre at 03-7730 8899.

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