Rancang Hibah

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Perks of Rancang Hibah

Take charge now to

Balance The Distribution

of your estate to selected beneficiaries prior to your passing

Continue to

Enjoy Your Asset

as the documentation transfer will only take place upon your passing or triggering events

Enjoy the ability to

Customise Your Pri-Hibah

to your needs i.e. specific trigger events, etc.

Benefits & Privileges

This is a Product Package

Rancang Hibah is a product package combining Comprehensive Wasiat and Pri-Hibah.

This page focuses on Pri-Hibah, for more info on Comprehensive Wasiat, click here.
Balance your Distribution

Hibah can be used to balance distribution of your estate as you may Hibah your estate in advance to give more to certain inheritors. Assets under Pri-Hibah is not considered as part of your estate and it takes effect immediately upon your death, before the distribution of Faraid.
Continue to enjoy your asset

You can continue to enjoy the benefits of the Pri-Hibah asset in you lifetime as the documentation transfer will only take place upon your passing or triggering events. You can also appoint a protector to safeguard the interests of minors’
Revocable if to your Children

Hibah generally is effective immediately & can only be revoked with the consent of the beneficiary. However, if the recipient is your biological child or grandchild, you have the power to revoke the Hibah at anytime.
Customizable

You can also state that the Hibah is to take effect in the event of your incapacity, not solely upon death. Thus this ensures that the intended beneficiaries are taken care of.

Eligibility

Muslim
Age 18 years old and above
Sound mind & at own freewill
Not under any legal prohibition to administer his property
Holds a Comprehensive Wasiat from as-Salihin Trustee Berhad (AST). For more information on Comprehensive Wasiat click here

Key Notes

Pri-Hibah is the declaration of Hibah (Gift) done by the owner of an asset on the said asset. This written document states that the owner gifts the asset to the beneficiary, whilst he/she holds the asset for the benefit of the beneficiary until his/her death.
Pri-Hibah is not a standalone product and must be taken with a Comprehensive Wasiat by AST, with AST appointed as the executor in the Wasiat.
Revocation of Pri-Hibah can only be done with the consent of the beneficiary unless if the beneficiary is the children/grandchildren of the Customer – in this case the Pri-Hibah can be revoked without their consent.
If the beneficiary passes away before the Customer, the asset will be considered part of the beneficiary’s estate.
The beneficiary must be a party to this Pri-Hibah. If the beneficiary is minor (below age 18 years old), then his/her guardian of property shall be a party to the Pri-Hibah i.e. biological father. In absence of the biological father, then paternal grandfather shall act as guardian of property.

Fees & Charges

Rancang Hibah is a Product Package combining Comprehensive Wasiat and Pri-Hibah. Comprehensive Wasiat is a precondition to Pri-Hibah; thus the pricing below applies:

Rancang Harta Sepencarian	Retail Price
Rancang Hibah (Pri-Hibah + Comprehensive Wasiat)	RM2,500
Rancang Hibah for customers with existing Express Wasiat with AST	RM2,000
Rancang Hibah for customers with existing Comprehensive Wasiat with AST	RM900

Rancang Harta Sepencarian

Retail Price

Rancang Hibah

(Pri-Hibah + Comprehensive Wasiat)

RM2,500

Rancang Hibah for customers with existing Express Wasiat with AST

RM2,000

Rancang Hibah for customers with existing Comprehensive Wasiat with AST

RM900

Documents Required

Copy of NRIC of Hibah Customer
Copy of NRIC of all other parties involved
Copy of Asset Ownership Documentations
Copy of Loan/Financing Documentation & MRTT/MRTA (for encumbered assets only)
FATCA, CRS & AMLA Declaration form (for Guardian, Protector & Settlor)

Terms & Conditions

Rancang Hibah Product Disclosure Sheet (ENG)

Rancang Hibah Product Disclosure Sheet (BM)

Rancang Hibah

Perks of Rancang Hibah

Balance The Distribution

Enjoy Your Asset

Customise Your Pri-Hibah

Benefits & Privileges

This is a Product Package

Balance your Distribution

Continue to enjoy your asset

Revocable if to your Children

Customizable

Eligibility

Key Notes

Fees & Charges

Documents Required

Terms & Conditions

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