The calculation of the income distribution is based on the average monthly minimum balance (MMB) for year 2025, as follows:

Total Monthly Minimum Balance for the Year	X	Income Distribution Rate
12 Months

The distribution policy for ASB is the fund will distribute earnings from its income, if any, to the unit holders, at the Manager’s discretion and subject to approval from the Trustee.

Since its inception, ASB has been paying out income distribution on an annual basis, with rates differing after considering the fund’s performance during each financial year.

All unit holders with a minimum balance of 1 unit in ASB at the financial year end of 2025 are entitled to receive the income distribution.

The income distribution will be reinvested as additional units and automatically credited into unit holders’ ASB accounts on 1 January 2026.

Unit holders may view and check their income distribution from 12 a.m. onwards on 1 January 2026, via myASNB portal & mobile application, kiosk, and real time online banking platform by ASNB Agents. Meanwhile, checking at the physical counters of ASNB and agents can be made starting 2 January 2026.

The income distribution statement shall be sent together with the Manager’s report within 2 months from the financial year end of 31 December 2025.

All income distributions received from ASNB unit trust funds, including ASB, are classified as permissible or 'Harus' and comply with Shariah requirements approved by the Jawatankuasa Muzakarah Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI) and all State Fatwa Committee (Jawatankuasa Fatwa Negeri).

Based on pandangan hukum by Jawatankuasa Muzakarah Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI) issued on 4 September 2025 and fatwa decisions by several state religious authorities, namely Wilayah Persekutuan, Pahang, Pulau Pinang, Kelantan and Kedah in September and October 2025, the zakat assessment for ASNB fixed price funds including ASB, is using al-Mustaghallat calculation on a collective (khultah) basis.

Briefly:

A) Al-Mustaghallat calculation method is where the zakat rate is applied on income distribution, excluding the investment principal. Zakat rate used is 2.57%.

B) Zakat payment is on a collective (khultah) basis, whereby zakat is applied on the collective dividend from unit holders who choose to receive dividend net of zakat, and the zakat is paid by ASNB on behalf of these unit holders.

In line with the Shariah opinion and fatwa decisions, ASNB will offer a facility for Muslim fixed price fund unit holders to choose to receive dividend, net of zakat (i.e. after zakat deduction using al-Mustaghallat calculation). This zakat khultah facility is targeted to be launched in the middle of 2026. Prior to the launch of zakat khultah, ASB unit holders have the option to adopt the al-Mustaghallat method for the purpose of individual zakat calculation. However, once the zakat khultah facility is launched, unit holders may only apply the al-Mustaghallat zakat assessment on a collective (khultah) basis only.

Below is an example of the net income distribution rate calculation using the al-Mustaghallat method:
ASB Income Distribution Rate: 5.75%
Net Income Distribution Rate:
5.75% – (2.57% × 5.75%) = 5.60%

For further details on this zakat al-Mustaghallat assessment on a collective basis, please refer to ASNB microsite here: https://www.asnb.com.my/V2/zakat.php

Yes, wakaf units that have been transferred to MAIWP (Majlis Agama Islam Wilayah Persekutuan), as the trustee of Wakaf ASNB, are still entitled to receive ASB income distribution . These payments will be credited to the Wakaf Distribution Account and subsequently channelled to wakaf projects.

The domestic equity market retreated from the strong performance in 2024, attributable to US tariffs and geopolitical uncertainties. It contributed to drive foreign investors selling their holdings in Malaysia. Nevertheless, FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) held well, buoyed by rising investments driven by data centres offshoring, China+N strategy, and major infrastructure projects that support the earnings of companies within FBMKLCI. Furthermore, consumption remains strong, driven by both expansionary fiscal policy (wage hike, cash aid via Sumbangan Rahmah, etc), and easing of monetary policy (OPR cut).

Global equity markets remain resilient, supported by Artificial Intelligence (AI) tailwinds and monetary policy easing amidst macro volatility. MSCI World Islamic Index (MSCI) continues to outperform YTD 2025, shaped by rising investments by hyperscalers into AI, and US Fed rate cuts.

The fund’s ongoing diversification efforts, including increasing investment into fixed income, ensures ASB can achieve its target to deliver sustainable, competitive returns to its unit holders.

The fund continues its diversification efforts towards all-weather portfolio to ensure consistent and competitive returns to unitholders. This includes, among others, the effort of investing into fixed income both locally and globally. The fund adopts active management portfolio strategy, by adjusting its asset allocation, in response to market trends and economic condition.

For 2026, the key factors that will influence the market conditions include continuation of global trade polarisation, moderating global inflation, and the balancing of monetary policies in response to trade tensions and evolving tariffs. In the domestic front, Malaysia is expected to be supported by strong domestic demand, Visit Malaysia 2026, stable monetary policy, and supportive fiscal reforms.

ASB financing is a credit facility offered by banks appointed by ASNB, to unit holders who wish to invest in ASB in the form of forced savings. unit holders who take up ASB financing would need to give full commitment to pay the monthly instalments and thus it is important to ensure that their financing amount aligns with their repayment capability over the long term.

In other words, unit holders should be able to pay the monthly instalments using their own funds rather than relying on ASB income distributions to cover the loan repayments to maximise the benefit of investing in ASB. This approach allows unit holders to retain their dividends, enabling them to fully benefit from the power of compounding over time and maximise the long-term value of their ASB investments.

For further details on ASB financing benefits, please refer to https://www.asnb.com.my/ASBLoan_EN.php. Any questions regarding ASB financing should be directed to the banks offering the financing or the ASNB Customer Service Centre at 03-7730 8899 for assistance in reviewing financing strategies and structures.

Unit holders are advised to continue investing in ASB for the long term, either using their own funds or through bank financing, to maximise the benefits of compounding returns.

Today, unit holders can take advantage of a variety of accessible digital investment platforms, including the myASNB portal and mobile application, as well as internet banking services offered by ASNB agents. These platforms make it easy for unit holders to perform transactions anytime, anywhere.

Additionally, unit holders can opt for the Auto Labur facility, which allows them to set up recurring monthly ASB investments starting from as low as RM10. This automated option simplifies the process of regular investing, enabling unit holders to save consistently each month according to their financial capacity.

Recently launched in August 2025, unit holder can also subscribe for ASNB COVR, a package that offers investment and takaful protection in one comprehensive plan. With ASNB COVR, a portion of the amount is invested in unit trust funds, while the remainder goes towards your takaful plan contribution.

For all other general inquiries on latest offering and services, unit holder can also contact the ASNB Customer Service Centre at 03-7730 8899 for further assistance.