Personal Finance Term
ASB
Amanah Saham Bumiputera
A fixed-price unit trust fund by ASNB (Amanah Saham Nasional Berhad), available only to Bumiputera investors. The price is fixed at RM1 per unit — returns come entirely from the annual dividend.
ASB has historically paid dividends of 4%–7% p.a. including bonus units. Because the price is fixed at RM1, there is no capital gain or loss — only the dividend matters. The government implicitly backs ASB, making it one of the lowest-risk investment vehicles available to Bumiputera Malaysians.
ASB Financing (an ASB loan) is a popular strategy: borrow at a low rate, invest in ASB, and capture the dividend spread. Whether this makes sense depends on the loan rate vs ASB dividend and your personal risk appetite. It carries leverage risk — if dividends fall or the loan rate rises, the math can flip.