ASNB Wakalah Sdn Bhd

• ASNB Wakalah Sdn. Bhd. (AWSB) is a wholly-owned subsidiary of ASNB, which is also a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB). AWSB was established on 25 January 2021, as a Mutawalli appointed by the Majlis Agama Islam Wilayah Persekutuan (MAIWP) to manage and administer the ASNB unit trust wakaf fund.
• Responsible for collecting ASNB units to be endowed through Wakaf ASNB service.
• Managing the distribution of wakaf benefit funds to eligible parties through evaluation and ‘due diligence’ processes to ensure that the wakaf funds are managed transparently and effectively through strategic partnership with MAIWP.
• Prepare annual reports and statements to ensure transparency in reporting of Wakaf ASNB collections and distribution activities to wakaf donors and the community in general.

Joint Wakaf Distribution Committee ASNB-MAIWP (JWDC)

The Joint Wakaf Distribution Committee ASNB-MAIWP is a committee formed and represented by AWSB, MAIWP and independent members that are responsible for:

1. Advise and monitor the governance of Wakaf ASNB service managed by AWSB.
2. Evaluate and approve the selection of identified wakaf projects and the distribution of wakaf benefit funds.
3. Advise on legal issues related to Shariah compliance, policies, programs and governance of wakaf funds.
4. Act and carry out their responsibilities in accordance with the terms of reference of JWDC.

AWSB Board of Directors

Member of Joint Wakaf Distribution Committee (JWDC)

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