25 February 2018 Pnb Presents Tithes Over Rm8 Million to Johor State
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PRESS RELEASE For Immediate Release 25 February 2018 PNB presents tithes over RM8 million to Johor State JOHOR BAHRU:- His Majesty Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar was honoured to receive PNB business tithes to the Johor State amounting to RM8,388,000.000. The cheque was presented by Group Chairman of PNB, YBhg Tan Sri Abdul Wahid Omar to His Majesty Sultan of Johor at Pasir Pelangi Palace, Johor Bahru. Also present at the event were President & Group Chief Executive, YBhg Dato’ Abdul Rahman Ahmad, Deputy President & Group Chief Financial Officer, YBhg Dato’ Mohd Nizam Zainordin, and Head Shariah Management, Dr. Ahmad Basri Ibrahim. The business tithes paid by PNB are calculated based on the defined ‘haul’ and ‘nisab’. However, the tithes do not cover the income distribution to account holders who invest in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB). Account holders are advised to observe their own personal tithes obligation for their investments in the respective funds. – Ends– Permodalan Nasional Berhad (PNB) Permodalan Nasional Berhad (PNB) is Malaysia’s leading fund management company with assets under management of over RM279 billion. PNB’s portfolio covers strategic investments in leading Malaysian corporates, global equity, private investments and real estate. For more information, please visit www.pnb.com.my. Amanah Saham Nasional Berhad (ASNB) The Manager of the Funds is ASNB, a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB). ASNB was established on 22 May 1979, to manage the Funds launched by PNB. Having been in the industry for more than 30 years, ASNB has a total of 12 Funds with total value of Funds of RM207.398 billion at the latest practicable date (LPD). Released by Permodalan Nasional Berhad .