Opt-in Class B to fulfill zakat easily
Starting 25 May 2026, fixed price funds are now categorized into two classes
All existing fixed price fund unitholders have been automatically placed in Class A. There are no changes to your investment or how you receive your income distribution. You will continue to receive it in full, without any zakat deduction.
For Muslim unitholders who would like their zakat managed seamlessly on their behalf, you may opt in to Class B. Once opted in, you will receive your income distribution net of zakat.
Example of Net Dividend Rate Calculation:
5.75* - (2.57% x 5.75%) = 5.60%
*ASB 2025 income distribution & bonus rate.
- Calculation based on the al-Mustaghallat method, with a rate of 2.57%
Zakat assessment for ASNB fixed price funds has received pandangan hukum from Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI) Muzakarah Committees as well as approval from State Fatwa Committees.
- Jawatankuasa Muzakarah Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI)
- Jawatankuasa Perundingan Hukum Syarak Wilayah Persekutuan
- Jawatankuasa Perundingan Hukum Syarak Negeri Pahang
- Jawatankuasa Fatwa Negeri Pulau Pinang
- Mesyuarat Jemaah Ulama Majlis Agama Islam dan Adat Istiadat Melayu Kelantan
- Jawatankuasa Fatwa Negeri Kedah
- Jawatankuasa Fatwa Negeri Melaka
- Jawatankuasa Fatwa Negeri Perak
- Jawatankuasa Fatwa Negeri Sabah
- Jawatankuasa Fatwa Negeri Terengganu
- Jawatankuasa Fatwa Negeri Selangor
Advantages of choosing zakat khultah
Zakat calculation is done Automatically, without manual calculation
Zakat payment is managed by ASNB
Ensures zakat does not reduce the investment capital value
How to join Class B?
Online via myASNB portal & application
- Log in to myASNB and select Zakat Khultah
- Select the fund you wish to opt-in for Class B
- Review and approve the selected fund
Over the counter & kiosk
Visit an ASNB branch or agent
Watch the video tutorial to opt-in Class B via myASNB
FAQ
- What Al-Mustaghallat and Khultah method?
Al-Mustaghallat
Al-Mustaghallat refers to income derived from the leasing or use of an original asset that is not subject to zakat. For example, buildings and vehicles are basically exempt from zakat. However, if they are no longer basic necessities and are used to generate income through rentals or other means, that income becomes al-Mustaghallat property, and zakat is imposed on the generated revenue.
In the context of ASB, the al-Mustaghallat zakat calculation is applied only to the income distribution (dividends) and does not include the principal or investment capital.
Imam Syafi’i, in his book al-‘Umm, states:
"Assets that are not purchased for trade are not subject to zakat. Therefore, whoever owns a house or a bathhouse to generate income (ghallah) or otherwise, or clothing (whether much or little), or slaves (whether many or little), no zakat is imposed on the assets themselves. Likewise, zakat is not imposed on that income until a full year (haul) has passed in the owner's hands. Similarly, for office rentals, zakat is not due before reaching the haul."
Khultah
Khultah refers to the pooling of assets owned by two or more individuals such that they can no longer be distinguished. This leads to a collective zakat calculation as if the assets belonged to a single individual. For instance, Al-Shirazi in the book Al-Muhazzab fi fiqh al-Shafi’i explains that khultah occurs when livestock owned by two or more people are mixed and treated as if they are owned by one person.
In the context of ASB, khultah zakat means the zakat is calculated from the ASB fund as a single entity, regardless of the number of investors or the individual nisab (minimum threshold) and haul (holding period) of each investor.
The ruling on khultah zakat is derived from a hadith narrated by Anas bin Malik from Abu Bakar RA, where the Prophet SAW said:
"Do not combine what is separate, and do not separate what is combined (of zakat assets) to avoid paying zakat. And for two people whose assets are mixed, zakat must be issued from both of them proportionately (pro-rata)." (Narrated by Bukhari).
- Which ASNB funds use the collective (khultah) al-Mustaghallat zakat method and why is it suitable?
The al-Mustaghallat calculation via the khultah method is used for all ASNB fixed price funds, ASB, ASB 2, ASB 3 Didik, ASM, ASM 2 Wawasan, and ASM 3. This method is most suitable for fixed price funds because the price per unit is fixed at RM1.00. Therefore, no capital gains are generated as the only profit realized is through the income distribution.
- How is the al-Mustaghallat zakat calculated?
The calculation is based on the income distribution and bonuses (if any) received from the investment at a rate of 2.57%. For example, if a unit holder receives a total income distribution and bonus of RM50,000, the zakat due is 2.57% of RM50,000, which equals to RM1,285.
- Why is the zakat rate 2.57% instead of the usual 2.5%?
The traditional haul for zakat is based on the Hijri (Lunar) calendar. However, the world today, including the Muslim community, generally uses the Masihi calendar. Since ASNB zakat is calculated according to the Masihi calendar, the rate is adjusted to 2.57% to account for the 10 to 11-day difference between the Masihi calendar (365 days) and the Hijiri calendar (354 days). This is recommended by the PNB Shariah Advisory Panel and is also used by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in their Financial Accounting Standards for zakat (FAS 9).
- Has this collective (khultah) al-Mustaghallat calculation been approved by state Fatwa Committees?
Yes. This method has obtained approval from the Majlis Raja-Raja and Jawatankuasa Muzakarah Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI). It is also approved in 10 states: Wilayah Persekutuan, Penang, Pahang, Kelantan, Kedah, Melaka, Perak, Sabah, Terengganu, and Selangor. Discussions are ongoing for approval in the remaining states.
(Official Fatwa Reference from Jawatankuasa Muzakarah Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia (MKI): Click here)
- What are the advantages of this al-Mustaghallat via Khultah calculation?
This method ensures that zakat does not reduce the principal investment value, aligning with the investment objective of generating income from invested funds. Unit holders also do not need to calculate or pay zakat individually, as they receive their net income distribution after zakat has been deducted.
- Is this categorized as business zakat or investment zakat?
Zakat for ASNB fixed price funds is categorized as investment zakat.
- How are nisab and haul determined for unit holders participating in this collective (khultah) al-Mustaghallat zakat payment?
Nisab is assessed collectively based on the total dividends of the group of unit holders who choose to receive their income distribution net of zakat.
As for the haul, al-Mustaghallat zakat via the khultah method does not require waiting for a full year to pass (haul). It can be fulfilled as soon as the income is gained, in line with the views of several Islamic fuqaha who hold that zakat can be paid immediately upon receiving the new earnings.
What do Class A and Class B mean for fixed price funds?
Effective 25 May 2026, ASNB fixed price funds are categorized into a ‘multi-class’ structure. All existing fixed price fund unit holders were automatically assigned to Class A.
Class A unit holders receive their income distribution without zakat deduction. This is similar to the approach used before the multi-class structure was introduced. Meanwhile, Class B unit holders receive their income distribution after zakat deduction, which is calculated using the al-Mustaghallat method.Who is eligible to opt-in Class B and where can I sign up?
Only Muslim unit holders (adult or Bijak accounts) are eligible to opt-in Class B for ASNB fixed price funds. You can opt-in to Class B through the following platforms:
• ASNB branches
• Agent branches
• myASNB app and portal
• ASNB kioskIf I have opted-in to Class B, can I switch back to Class A?
No. Once a unit holder has opted-in Class B for a specific fixed price fund, that fund will remain in Class B. Reverting to Class A is not permitted.Can a unit holder have two different classes for the same fixed price fund (e.g., ASB Class A and ASB Class B simultaneously)?
No. Unit holders are not allowed to hold two different classes for the same fixed price fund. Each fund can only be opted-in under one class.If I opt-in ASB to Class B, will my other fixed price funds automatically move to Class B as well?
No. The opt-in is fund-specific. Unit holders must manually choose to opt-in Class B for each individual fund they own.Will my participation in Class B be updated instantly across all platforms, like myASNB and any other digital platform?
Yes, opting-in Class B at an ASNB counter or agent will be updated in real-time across all official ASNB platforms. However, the display of the fund class on third-party agent digital platforms may experience a temporary delay due to ongoing system enhancements.If I open a new fixed price fund account, can I join Class B immediately?
Yes, if the account is opened at an ASNB branch or agent counter. For accounts opened via ASNB or agent digital platforms, the unit holder will be automatically categorized as Class A . You can then immediately opt-in to Class B via the myASNB app and portal, ASNB Kiosk, ASNB branch or agent counter.- What is the deadline to opt-in Class B to ensure zakat is deducted for the current financial year?
Unit holders are recommended to opt-in Class B before the fund transaction suspension period (closing period) to allow zakat deduction for that financial year. If you opt-in Class B during the suspension period, the zakat deduction will only take effect in the following financial year.
Will zakat be applied to the entire income distribution?
Zakat will only be applied to the portion of the income distribution that is redeemable by the unit holder. If a unit holder cannot redeem a specific part of their income distribution, zakat will not be imposed on that portion.
For instance, zakat is not deducted from income distributions earned through the EPF Members Investment Scheme (EPF-MIS) because the unitscannot be redeemed directly by the unit holder.If I have both cash investments and ASB Financing (ASBF) in my ASB account, is zakat calculated on the total distribution or only on the cash portion?
Zakat will be calculated on the total income distribution received from both types of investments (cash and ASBF), as the distributions from both are redeemable.Where will the zakat for Class B unit holders be paid, and can I choose a specific Pusat Zakat Negeri (PZN)?
Zakat will be paid to Pusat Zakat Negeri (PZN) throughout Malaysia based on the mailing address registered in the ASNB system.
Therefore, unit holders are advised to ensure their mailing address is always up to date so that zakat can be channeled to the correct state. Address updates are recorded in the system immediately, and all subsequent zakat payments will be made based on the recorded address.
However, these payments are subject to the PZN’s technical readiness requirements. If a PZN has not yet met these requirements, the zakat payment will be automatically channeled to the Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP).Which Pusat Zakat Negeri (PZN) have met the technical and system readiness requirements?
As of May 25, 2026, only the Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP) has met the required technical and system readiness. For other relevant PZNs, technical enhancements are currently work in progress and we will update from time to time.When will ASNB make the zakat payments on behalf of Class B unit holders?
Zakat payments will be paid to each respective Pusat Zakat Negeri within five (5) working days after the fund's financial year ends.How can I check the amount of zakat deducted for my Class B holdings?
Unit holders can check the zakat deduction amount through the following platforms:
• ASNB branch
• myASNB app & portal
• ASNB kiosk
• Agent counter & digital channels
Unit holders can also check the total zakat deduction through the income distribution statement, which will be provided to unit holders after the fund's financial year ends.- How can I check records of past zakat payments made by ASNB for all my Class B funds?
You can check zakat payment records for a period of 7 years, starting from the year you joined Class B, via the zakat Khultah function on the myASNB platform.
Can I use the al-Mustaghallat method for my fixed price fund zakat if I do not join Class B?
No. The approval from the fatwa institutions is specific to the implementation of the al-Mustaghallat via Khultah basis, which is a facility for calculation and payment available exclusively through Class B opt-in.Can I opt-in Class B if I live abroad, and where will my zakat payment be channeled?
Yes, you can opt-in Class B via the myASNB app or portal. If both your mailing and residential addresses are overseas, your zakat payment will be automatically channeled to the Wilayah Persekutuan Zakat Center (PPZ-MAIWP).Is the gross income distribution rate the same for Class A and Class B?
Yes. Only the net income distribution rate will differ for Class B after the deduction of zakat on the income distribution that is subject to zakat.How can I know the net income distribution rate for Class B for a specific fixed price fund?
The net income distribution rate for Class B can be found in the Fund’s Annual Report for the respective fixed price fund.Will ASNB provide a zakat calculator to help Class A unit holders calculate their zakat?
ASNB does not provide a zakat calculator. Unit holders are encouraged to opt-in Class B to simplify the process, as zakat deductions will be handled automatically by ASNB.Are zakat payments made via Zakat Khultah be considered for unit holders’ wakalah eligibility?
Yes, subject to the wakalah eligibility rate and the guidelines set by each respective Pusat Zakat Negeri.Can Class B unit holders claim a tax rebate for the zakat deducted?
Yes, Class B unit holders can claim a tax rebate using the official receipt issued by the relevant Pusat Zakat Negeri (PZN).- If I opt-in Class B for ASB in June 2026 and zakat is deducted for the financial year ending December 31, 2026, can I claim a tax rebate for Year of Assessment 2026 during e-Filing in March 2027?
No. This is because the ASB zakat payment for the financial year ending 2026 will be in January 2027. For your information, ASB zakat deductions are processed automatically on the same day the income distribution is credited to the account, which is on 1 January of each year. The zakat deducted on January 1, 2027, will be remitted to the Pusat Zakat Negeri (PZN) within five (5) working days.
Since the payment transaction is completed within the 2027 calendar year, it is considered a zakat payment for the Year of Assessment 2027. Therefore, the tax rebate for this transaction can only be claimed during the e-Filing for Year of Assessment 2027, which takes place in 2028.