1. ASB closing on the 18th this month

2. I havent heard anything

Sure why not. But most of the time people would already have wills here and there. When you sign up for some things, you may not realize, that they force-cross-sell you wills.

There can only be one will in effect, the latest one will superseed the older one.

Wait there are different implications based on your father's religion. Is he a Muslim or not a Muslim? And I must say ahead of time that I was trained to look into Muslim cases, which involves faraid under the Syariah law.

Also, I am not a lawyer, nothing that I said here should be used as a reference for financial planning. For assistance in financial planning, including but not limited to debt management, risk management, insurance planning, investment planning, education planning, tax planning, retirement planning, and estate planning, consult a qualified and licensed financial planner.

Faraid laws do not apply to the non-Muslims. As far as I understand, whatever nominations made to  and any instructions made in the will made can be as is - although it can be challenged by any aggrieved party in the court (doesn't mean they can win)

Best that you speak to an estate lawyer   I don't dare share my opinions

you are welcome.

to other people's account of course.

You are correct. Interest will still accrue

Anything my friend, is possible and I dont dare to say one thing or another's

My personal opinion, which you should not quote because they are just my conjecture of current events: 5.0%, which is still higher than prevailing rates for ASBF

Source: instagram

transfer function

u can alaways transfer any amount you want

rm500 is the WITHDRAWAL limit

dun confuse TRANSFER & WITHDRAWAL function

TRANSFER is within ASNB only, from ASM1 to ASM2 or to another ASNB member,

WITHDRAWAL is you withdraw your ASNB fund into your own bank account

is acc to acc, mean Asm1 can transfer to Asm1 but not to Asm2.

ASN not ASB

They are talking about another fixed price fund, ASW 2020, now known as ASM 2, which will declare its dividend in the coming days.

As for ASB, looking at the fund's report, Maybank and Sime Darby Plantation accounts for a third of the NAV, so the bumi's fortune are somewhat tied to this country's finance and palm oil exports, both are volatile in nature and generally follow the economic cycle.*

https://www.asnb.com.my/pdf/produk/ANNUALRE...SB_10042020.pdf

Gloves should account for a smaller portion of the NAV compared to the M-banks and the plantation counters, fund managers like PNB won't dare to take risk and bet on when vaccines will arrive or how long the pandemic will last. But Maybank's and Sime Darby Plantation's results aren't very stellar.

*Take about this, it's amazing that ASB can declare such high dividends consistently (in the past) given the economic cycle. They are already bearing substantial risk for their bumi investors for a long time. Also, from a risk management perspective, one third of a fund in just 2 blue-chips is essentially betting the fortunes of all its investors (the bumis) on their own country's future. That's not really a good way of diversification. Other FP funds, though with similar top-20 concentration ratio, spread out their holdings in a more even manner among the top 10 companies.