Eligibility

• Unit holders aged 18 years and above, of sound mind and not declared as bankrupt

Unit’s eligibility

• Fixed Price Funds only.
• Fully/absolutely owned units only. Secured units (financing) and units that need to be maintained (blocked units) for Hibah Amanah/Declaration of Trust are not allowed

Minimum wakaf amount

• RM1,000.00

Maximum wakaf amount

• No limit. Unit holders need to maintain unit balance at a minimum investment amount of the respective fund (as per stated in the latest prospectus).

Individual maximum limit ASB & ASB 2

• The wakaf units from Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB 2) will also be included in the total individual maximum limit for both funds.

Wakaf Muabbad concept

• Irrevocable and the amount of wakaf cannot be re-claimed, returned, cancelled or amended.
• Once an application is successful, the wakaf units will be transferred immediately to MAIWP’s account for the unit trust funds registered with ASNB. The wakaf donor has no right to re-claim the wakaf units as the units are no longer under their ownership.

Application fee

• Fees are only charged on investment returns (dividends) from wakaf units only. No fees are charged on the wakaf units.