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.
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.
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).
Registration Fee RM180
Beneficiaries claim as ASNB
Units received will be transfered and distributed accordingly.
Beneficiaries claim as ASNB
Will writing service fee from RM350
Will reading session to all beneficiaries and respective parties
Grant of Probate Administration Cost: Attorney’s Fee from 5% of value of total estate. Funded by Executor.
Obtain Grant of Probate
Claim Process at ASNB: Units will be sold off and paid to the executor according to Grant Probate.
Beneficiaries have to identify the estate that need to be administered
Letter of Administration:
Have to appoint administrator
Admin fee: Attorney’s fee from 5% of value of total asset. Funded by Adminstrator
Obtain Grant of Probate
Claim Process at ASNB: Units will be sold off and paid to the executor according to Grant Probate.