HIBAH AMANAH is a Shariah compliant estate management service by ASNB which implements the concept of hibah and trust in estate management for Muslim Malaysian Unit Holders. The unit trust investments in ASNB will be transferred to the Hibah Donee after the demise of the Unit Holder. Hibah is the act of giving an item (ain) or benefit. By definition, hibah refers to a contract of gifting by a person to another during his life without expecting anything in return (iwad) and it is done voluntarily.​

Shariah Ruling of Hibah
There is evidence in Al-Quran, Hadith, and Ijma concerning the encouragement of giving gifts to help and strengthen relationship.

Allah SWT says:
“And give the women (upon marriage) their (bridal) gifts graciously. But if they give up willingly to you anything of it, then take it in satisfaction and ease.​
(Surah an-Nisa’, 4)
Source: Saheeh International Translation

Narrated by Abi Hurairah, the Prophet (may peace be upon him) said:​
"Give presents to one another for this would increase your mutual love."​
(Hadith narrated by Abi Hurairah, Ahmad bin Al-Husayn bin 'Ali bin Musa Abu Bakr al-Bayhaqi, Sunan al Bayhaqi al-Kubra, volume 6, Hadith no 11726)

Conditional Hibah
There are two types of conditional hibah:

  • Hibah Umra - Granting ownership of property for a period (tawqit) subject to the life of the Donee or the Donor. The property will be returned to the Donor or his heirs in the event of death.​

  • Hibah Ruqba - The giving after the death of one of the parties, either the Donor or Donee, as a condition of ownership to one of the living parties. The property will belong to the Donee upon the death of the Donor. However, if the Donee dies before the Donor, the property will return to the Donor.​
ASNB's Hibah Amanah service adopts the Hibah Ruqba approach that is refined according to the Shariah principles and meets the needs of ASNB’s unitholders, in the event the Donee dies before the Donor.


Eligibility Requirement

Muslim Malaysian Unit Holders age 18 years old and above.

Have a minimum investment balance of 1,000 units (excluding units under financing / collateral / EPF Members Investment Scheme).

Open to all eligible ASNB funds.

Comparison of Claim Process

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