Myangkasa Amanah Berhad

What Myangkasa Amanah Berhad does

MyANGKASA Amanah Berhad (MAAB) is a Malaysian private trust company incorporated on 22 January 2014 and registered under the Trust Companies Act 1949, operating as a wholly-owned subsidiary of ANGKASA (Angkatan Koperasi Kebangsaan Malaysia Berhad), the national cooperative apex body. The company delivers Sharia-compliant estate planning, inheritance administration, and trust services to Malaysian Muslim individuals and families, with secondary reach into cooperative members, banking institution customers, and government agency employees (via PERKESO). Its product suite covers the full Islamic inheritance lifecycle: MyWasiat (will writing), MyPusaka (estate administration upon death), MyHibah (lifetime asset gifting, including cooperative shares), MyAmanahTunai (cash trust administration for minors/persons with disabilities), MyAPC (recurring subscription plans providing immediate funds to beneficiaries for estate costs), and MyAPP (spousal asset selection agreements). All products are governed by parallel ANGKASA and MAAB Sharia Committees.

The underlying technology stack centers on an online will management platform — the e-Wasiat system — that allows customers to draft, store and amend wills electronically with free online amendments, alongside e-KYC for remote verification. The business model combines transactional revenue (one-time will-writing fees, Hibah professional services, estate administration fees), recurring subscription revenue (MyAPC at RM30/40/50 per month with tiered death benefits of RM20k/40k/60k), and managed trust revenue (Amanah Tunai with minimum placements of RM5,000 individual and RM50,000 corporate). The company claims 98% market share in MyWasiat and 85% in MyHibah within its defined cooperative channel.

Go-to-market is multi-channel: distribution through the nationwide ANGKASA cooperative network, strategic referrals from at least ten Malaysian banks and financial institutions (BSN, Bank Rakyat, Agro Bank, Bank Islam, Bank Muamalat, Co-opbank Pertama, MBSB, Affin, Al Rajhi, Tekun Nasional), PERKESO for employee benefits, and a Rakan Niaga commercial partner program that recruits Takaful/unit trust consultants, real estate agents and individuals as commission-based distributors. The firm is headquartered at Wisma MAAB in Petaling Jaya, Selangor, operates with approximately 50 staff across seven departments, and holds full compliance with AMLA, KYC, FATCA, CRS, PDPA and anti-bribery frameworks under BNM and Securities Commission Malaysia oversight. No external funding rounds, acquisitions, or revenue figures are disclosed.

Name

Myangkasa Amanah Berhad

Legal name

MyANGKASA Amanah Berhad

Website

https://myangkasaamanah.com.my

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

MyANGKASA Amanah Berhad is a Malaysian Sharia-compliant trust company, wholly owned by ANGKASA, offering will writing, estate administration, hibah asset gifting, cash trust management and subscription-based inheritance coverage plans to Muslim individuals, cooperative members, and bank-channel customers across Malaysia.

Ownership category

akta.pro rank

Product category

Trust and Estate Management Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)

akta.pro primary industry

Personal & Family Trust Services (FSAAANAA)

akta.pro secondary industries

Estate Planning, Trust Structuring & Governance (FSAAADAF), Estate Administration & Probate Services (FSAAANAE), Family Office Trust & Fiduciary Services (FSAEAKAF)

Keywords

• Estate planning services
• Will writing services
• Sharia-compliant trust services
• Inheritance administration
• Cooperative trust services

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. MyAPC (Amanah PusakaCare) Plans: Monthly subscription plans (RM30, RM40, RM50 per month) providing trust fund for estate administration costs to beneficiaries after death
2. Will Writing (Wasiat): One-time and comprehensive will writing services with affordable pricing
3. Estate Administration (MyPusaka): Administration services for assets left by deceased persons, distributed to rightful heirs according to law
4. Hibah Services: Islamic-compliant gift/transfer of assets during lifetime - includes property hibah, moveable assets hibah, and cooperative shares hibah
5. Trust Fund Management (Amanah Tunai): Trust administration services for cash assets - individual (min RM5,000) and corporate (min RM50,000)

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

MyANGKASA Amanah Berhad (MAAB) is a trust company registered under the Trust Companies Act 1949 that provides Islamic-compliant estate planning services including will writing (MyWasiat), estate administration for deceased persons (MyPusaka), property and asset gifting (MyHibah), cash trust management for minors and persons with disabilities (MyAmanahTunai), cooperative share transfers (MyHibahSahamKoperasi), and subscription-based trust plans to cover estate administration costs after death (MyAPC).

Product overview

MyANGKASA Amanah Berhad (MAAB) operates as an integrated Islamic-compliant trust and estate management platform offering seven interconnected products. The core offering centers on MyWasiat (will writing), MyPusaka (estate administration), and MyHibah (property gifting), which together cover the complete lifecycle of Islamic estate planning. Supplementary services include MyAmanahTunai (cash trust for minors/disabled persons), MyHibahSahamKoperasi (cooperative share transfers), MyAmanahPusakaCare (funeral cost coverage plans), and MyAsetPilihanPasangan (marital asset agreements). The company also runs a Rakan Niaga partner program for third-party agents. All products are Sharia-compliant and regulated by ANGKASA and MAAB's Sharia Committee. The platform emphasizes electronic self-service capabilities including online will amendments.

Differentiator

Problem solved

Functional benefit

Products and services

• MyWasiat Islamic-compliant will management service enabling individuals to make legal declarations about their assets and instructions during their lifetime for execution after death, with free online amendments and centralized writing, storage, and execution services.
• MyPusaka Estate administration service managing all assets (movable and immovable) left by a deceased person, distributing them to rightful heirs according to Malaysian law.
• MyHibah Islamic-compliant property gift service allowing transfer of real estate, cash, vehicles, and investments to a beneficiary during the donor's lifetime without expectation of return, including hibah for unencumbered property, encumbered property with takaful protection, and movable assets.
• MyAmanahTunai Cash trust management service where MAAB administers trust funds for beneficiaries, particularly minors or persons with disabilities, with minimum placement of RM5,000 for individuals and RM50,000 for corporates.
• MyHibahSahamKoperasi Cooperative share gifting service allowing cooperative shareholders to transfer their shares to a beneficiary upon death, transferring 100% of sharia-compliant cooperative shares with market value outside estate distribution.
• MyAmanahPusakaCare (MyAPC) Trust-based subscription product providing immediate funds to beneficiaries and heirs after the customer's death to cover estate administration fees and costs, with three plans: MYAPC 30 (RM30/month, RM20,000 benefit), MYAPC 40 (RM40/month, RM40,000 benefit), and MYAPC 50 (RM50/month, RM60,000 benefit), with coverage until age 80.
• MyAsetPilihanPasangan (MyAPP) Spousal asset selection agreement service for jointly acquired marital property, enabling husband and wife to determine asset distribution according to Sharia law terms, with ownership remaining with original owner during agreement period and transfer occurring upon death of either party.

Quantifiable outcome

• 98% market share in MyWasiat
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

13 partnerships are on record, tiered flagship and core.

• Koperasi Belia Islam MalaysiaflagshipStrategic or Co-development Partner · 13 January 2026Strategic MoU partnership signed on January 13, 2026 at Bangi Convention Centre, Selangor. MAAB as trustee of KBI Property Fund aims to enhance trust, expand benefits to investors, cooperative members and public, strengthen collaboration network, and support sustainable economic development of ummah.
• Bank Simpanan Nasional Berhad (BSN)coreChannel Partner/ Reseller/ DistributorStrategic banking partner for distributing estate planning services to BSN customers across Malaysia
• Bank Kerajaan Rakyat Malaysia Berhad (Bank Rakyat)coreChannel Partner/ Reseller/ DistributorStrategic banking partner for distributing estate planning and trust services to Bank Rakyat cooperative customers
• Bank Pertanian Malaysia Berhad (Agro Bank)coreChannel Partner/ Reseller/ DistributorStrategic banking partner for agricultural cooperative members seeking estate planning services
• Bank Islam Malaysia BerhadcoreChannel Partner/ Reseller/ DistributorSharia-compliant banking partner for Islamic estate planning services
• Co-opbank Pertama Malaysia BerhadcoreChannel Partner/ Reseller/ DistributorCooperative bank partner for distributing trust and estate planning services
• Bank Muamalat Malaysia BerhadcoreChannel Partner/ Reseller/ DistributorIslamic banking partner for Sharia-compliant estate planning services
• MBSB Bank BerhadcoreChannel Partner/ Reseller/ DistributorBanking partner for estate planning service distribution
• Affin Bank BerhadcoreChannel Partner/ Reseller/ DistributorBanking partner for distributing trust and estate planning services
• Tekun NasionalcoreChannel Partner/ Reseller/ DistributorBanking partner for entrepreneurs and SME cooperative members
• Al Rajhi Bank Malaysia BerhadcoreChannel Partner/ Reseller/ DistributorIslamic banking partner for Sharia-compliant estate planning distribution
• Pertubuhan Keselamatan Sosial Malaysia (PERKESO)coreChannel Partner/ Reseller/ DistributorSocial security organization partner for employee benefits and estate planning programs for workers
• ANGKASA (Angkatan Cooperative Kebangsaan Malaysia Berhad)flagshipStrategic or Co-development PartnerParent organization - cooperative apex body recognized by Malaysian government. ANGKASA is a member of ASEAN Cooperative Organization (ACO) and International Cooperative Alliance (ICA). MAAB is wholly owned by ANGKASA.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• RHB Trustees Berhad: Trustee subsidiary of RHB Banking Group offering estate planning, will custody, and trust administration. Bank-affiliated peer with similar institutional distribution leverage to what MAAB enjoys through its own bank partnerships.
• Amanah Raya Berhad: Malaysia's largest statutory trust company, providing estate administration, will writing, and trust services at national scale. As the incumbent with government origins, it competes broadly with MAAB across both conventional and Islamic estate planning.
• Standard Chartered Saadiq Berhad: Sharia-compliant banking arm of Standard Chartered in Malaysia. An established Islamic banking competitor whose wealth and inheritance-adjacent services overlap with MAAB's higher-tier Sharia offerings.
• HSBC Amanah Malaysia Berhad: Islamic banking arm of HSBC Malaysia offering Sharia-compliant wealth, estate, and trust-adjacent services. While not a pure trust company, its Islamic wealth advisory offerings overlap with MAAB's high-net-worth client base.
• Maybank Trustees Berhad: Trustee arm of Malaysia's largest banking group, offering estate administration and trust services. As a bank-affiliated trustee with national distribution, it represents a broad incumbent competing with MAAB for institutional and individual trust mandates.
• CIMB Trustees Berhad: Trustee arm of CIMB Group providing personal trust, estate administration, and corporate trustee services across Malaysia. A broad incumbent comparable to MAAB in serving large cooperative and corporate clients with Sharia overlay options.

Direct peers

• Rockwills Trustee Berhad: Malaysian trustee specializing in will writing, estate planning, and trusts with a multi-channel approach. Directly comparable private-sector competitor offering similar products to Malaysian families seeking estate planning services.
• As-Salihin Trustee Berhad: Malaysian Islamic trust company providing Sharia-compliant will writing, estate administration, and trustee services. Notably, MAAB's CBO Tn. Hj. Mohd Zulkifli Ismail previously served as Naib Presiden at As-Salihin Trustee Berhad, making it the closest operational peer in Malaysia's Sharia trust space.
• PB Trustee Services Berhad: Malaysian trustee company specializing in estate administration and trust services. Directly comparable niche peer operating in the same Sharia and conventional estate planning market as MAAB.

Others

• Yayasan ANGKASA: Foundation entity within the ANGKASA cooperative ecosystem on whose board MAAB's Chairman serves. Related-party ecosystem entity rather than a direct competitor — included for adjacency within the parent cooperative structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/myangkasaamanah
• Xx.com/MyAngkasaAmanah
• LinkedInlinkedin.com/company/penulis-wasiat

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myangkasa Amanah Berhad