i think faiz can help answer a bit on the hibah part.

you are right. In the event where the hibah-nominee faces her demise at the same time as the account holder, the hibah is nullified and the estate will be subdivided as per faraid law. There are a few options to solve this although they have their caveats

1. Hibah-nominate the children, not the spouse. This way in the event of account holder demise, the children will get the payout, but if they are underaged, the guardian will have full rights to the money - in this case the guardian would be the surviving parent

Additionally if both parents perish at least the money would still only go to the family members that are then the guardian of the children

2. Set up a trust on your Takaful. I am assuming that you already have Takaful certificates. If you don't, let's get some. Do note that Takaful has the same hibah issues as per your question. "Hibah to your spouse, but if both of you go at the same time, how?"

If you set up a trust and absolute assign these Takaful certificates to the trust, in the event where both parents face their demise, the payouts will be made to your trusts, the trust is "programmable" and is free from any Faraid laws applicable to a dead Muslim person in Malaysia

Sorry I had to plug in Takaful and trust into the conversation, it is simply a better and more comprehensive setup than offered by the financial institutions individually

thanks for the plug man

This looks interesting:

https://www.raiz.com.my/

https://www.theedgemarkets.com/article/pnb-...ting-mobile-app

Oh, the fees are quite high though: https://www.raiz.com.my/fees/

So BBB?

Raiz
- 3 pilihan portfolio: Konservatif, Sederhana, Agresif
- Setiap portfolio berbeza % untuk setiap dana
- 3 dana: ASN Sara 1, ASN Equity 3, ASN Imbang 2
- Fi:
--> RM1.50 sebulan untuk akaun baki bawah RM6K
--> 0.3% setahun untuk akaun dengan baki RM6K ke atas

Er, what is "BBB"?

This should be a good service overall, but the charges are too high for "micro-investing" purpose, in my opinion. It should be a fraction of the money you place in the account, rather than the 1.50 monthly fee for < 6k account.

If say my bank account has 1000 MYR remaining every month (non-cumulative), the fees would add up to 1.8% for the whole year, worse than putting my money straight into myASNB's VP fund directly. If it's a few hundreds, then the charges (in %) would be very high.

Of course, the charges really depends on how much one puts in. If one's account has 6k, then one year the charges only amount to 0.3%, better than investing through myASNB.

But with a 6k capital, I don't see how you would call this a "micro-investing" platform. For small capital, such exorbitant charges (measured in %) would defeat the purpose of promoting it as "micro-investing" platform.

But it's good that they want to move away from promoting FP fund, as they have found it hard to churn out high yields for their FP funds in recent years.

your personnel didn't tell you can WhatsUp the ID to him/her to print? mine did that

did you really try?

Now so easy can do  on  phone,
1 login can click 10x x3 ASX for 1 account  then forced to take a break ..
i got RM4600 this morning with 3 accounts . yesterday only RM3500 whole day
clicking  in between work..

Saw this also and tried to pre-register but it keeps bringing me back to asnb main page. Can't seem to proceed, does anyone know how?

Btw, as I am new to asnb investment, I didn't know that have to pay to nominate next of kin. Is RM180 expensive and there is an annual fee as well?

Anyone finds it difficult to collect asm3 this morning?

Very nice! I find that 8am to 10am is the golden hour for units, at least from my experience. Also, the portal system logs me out every freaking time after a transaction but the App does not. So, I am using App more often now.

So did you get them successfully?

Got any secret time?

Susahnya 😂
Can we use auto labur function?

I agree on KWSP. SSPN is in my view not sustainable either. PTPTN needs tremendous reform and there is low willingness from members/beneficiaries to repay loans. I haven’t looked at the financials but I think it will be in similar situation as TH was a few years back. The govt has been incentivizing this saving form (SSPN) but it can only do it to a certain extent. Moreover, paying interest rates above the country’s funding rate when it is effectively sovereign guaranteed doesn’t make sense.

As usual the BIG clause is:  u need to be a SSPN-I acc holder b4 2018 & membuat penambahan simpanan terkumpul sekurang kurangnya rm500.
Dont get too excited .....