Amanah Warisan Berhad

What Amanah Warisan Berhad does

Amanah Warisan Berhad (AWARIS) is a Malaysian private limited company founded in 2018, operating as a digital and Shariah-compliant private institutional trustee. The company serves Malaysian Muslim individuals and families seeking estate planning, will creation (Wasiat) under Faraid inheritance principles, and end-to-end estate administration, while also extending trust and automotive titling services to non-Muslim clients where applicable. It is founder-led under Prof. Dato' Ahmad Saruji as Chief Executive Officer and Managing Director, supported by a 26-person team across two offices: the headquarters in Bandar Sri Damansara, Kuala Lumpur, and a branch in Petaling Jaya.

The company's core technology asset is the AWARIS4U portal, a self-service online platform that enables individuals to create, register, and maintain Wasiat at a one-time RM500 lifetime subscription fee. Beyond individual wills, AWARIS distributes the Hibah Amanah product (launched June 2023) targeted at Bursa Malaysia CDS account holders and administers tiered trust services for automotive asset titling. The underlying platform combines a customer-facing digital interface with back-office fiduciary workflows supporting Shariah advisory review, estate settlement, and inter-institutional coordination with banking, takaful, brokerage, and zakat collection partners.

AWARIS's business model blends transactional and percentage-based fees: RM500 per Wasiat registration, a 2% fee on estate value for administration, and tiered fees for automotive trust services. To date, the company has administered estates with cumulative value exceeding RM250 million since inception. Distribution is achieved without external funding — AWARIS remains bootstrapped — and is instead driven by institutional partnerships with Bank Islam Malaysia Berhad, Great Eastern Takaful, Bursa Malaysia, Persatuan Remisier Bumiputera Malaysia, and zakat collection bodies PPZ-MAIWP and KoPPZ, which provide access to captive Muslim-banking, takaful, capital markets, remisier, and zakat-paying customer pools.

Name

Amanah Warisan Berhad

Legal name

Amanah Warisan Berhad (1305491-P/201801043459)

Website

https://awarisgroup.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Amanah Warisan Berhad is a Malaysian Shariah-compliant private institutional trustee that provides digital estate planning, Wasiat creation, Hibah Amanah, and estate administration services to Muslim individuals and families across Malaysia through its AWARIS4U online portal and institutional distribution partnerships.

Ownership category

akta.pro rank

Product category

Trustee and Estate Planning Services

NAICS

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

SIC

Services-Legal Services (8111)

akta.pro primary industry

Estate Administration & Probate Services (FSAAANAE)

akta.pro secondary industries

Estate & Probate Administration Services (FSAEAKAD), Estate Planning & Trust Structuring Advisory (FSAEAKAC), Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Shariah-compliant trustee services
• Estate administration
• Wasiat and will services
• Trust solutions
• Hibah services

Headquarters

HQ city

Bandar Sri Damansara

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Wasiat/Will Setup and Maintenance: One-time setup fee for online Wasiat/Will creation with free lifetime unlimited updates. Customers pay RM500 lifetime fee covering all modifications throughout their lifetime.
2. Estate Administration Services: Professional estate administration services with fees set at 2% of estate value (excluding third-party fees). Covers file management, beneficiary investigation, asset valuation, and distribution.
3. Automotive Estate Administration: Vehicle estate management with tiered fees based on vehicle value: Below RM5,000 (RM1,000), RM5,000-RM20,000 (RM1,500), RM20,000-RM80,000 (RM2,000), RM80,000 and above (RM2,500).
4. Trust Solutions: Private trusteeship, institutional trusteeship, trust declaration, and Hibah services with competitive fees in the market.
5. Land Solutions: Land advisory services, transfer of land (Living and Estate) under Section 14A, and official land search services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Amanah Warisan Berhad (AWARIS) is a Shariah-compliant private institutional trustee offering trust, legacy, and estate administration services through a digital self-serve platform. Core offerings include Wasiat/Will creation and execution, private and institutional trusteeship, trust and Hibah declarations, executorship, full estate administration, automotive estate administration, land advisory, and corporate trust services for foundations, Infaq, and charitable purposes. The company's products serve both individual Muslim estate planners and corporate/institutional clients in Malaysia.

Product overview

Amanah Warisan Berhad (AWARIS) operates as a digital and Shariah-compliant private institutional trustee, offering a unified platform for legacy and estate planning. The core offering centers on the AWARIS4U Portal and Wasiat/Will Online Service, complemented by specialized trustee solutions including Private Trusteeship, Institutional Trusteeship, Trust Declaration, Trust Hibah, Hibah Declaration, Executorship, Estate Administration, Automotive Estate Administration, and Land Solutions. The company also provides Corporate Trust Services (nominees, proxies for equities and deposits), Foundation Trust, Infaq Trust, and Charitable Trust management. A notable product is Hibah Amanah for CDS Account Holders, a legacy planning instrument integrated with Bursa Malaysia's Central Depository System. The portfolio is designed to ensure fair and efficient distribution of wealth according to Shariah principles and Malaysian law.

Differentiator

Problem solved

Functional benefit

Products and services

• Wasiat/Will Online Service

Quantifiable outcome

• RM250 million+ cumulative estate value managed
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and major.

• Bank Islam Malaysia BerhadcoreStrategic or Co-development Partner · 1 December 2023Memorandum of Agreement signing ceremony documented in gallery, indicating a strategic partnership for Shariah-compliant financial services integration.
• Persatuan Remisier Bumiputera MalaysiamajorGTM or Marketing Partner · 1 July 2023MoU signing ceremony conducted in July 2023 to establish partnership for promoting trustee services to remisier members.
• Great Eastern Takaful BerhadmajorStrategic or Co-development Partner · 1 July 2023Collaboration established to provide complementary takaful and trustee services for estate planning purposes.
• Bursa MalaysiacoreStrategic or Co-development Partner · 8 June 2023Product partnership for Hibah Amanah for Central Depository System (CDS) account holders. The product is owned by AWARIS and recognised by Bursa Malaysia Shariah Committee. Discussions began in 2021 to introduce this legacy planning instrument for Bursa Malaysia investors.
• Pusat Pungutan Zakat (PPZ-MAIWP)majorStrategic or Co-development PartnerJoint Majlis Pembayaran Zakat Perniagaan event with Pusat Pungutan Zakat MAIWP, demonstrating community engagement and Shariah advisory collaboration.
• KoPPZ-AWARISmajorStrategic or Co-development PartnerMemorandum of Understanding between KoPPZ (Koperasi Persatuan Pekerja Zakat) and AWARIS for cooperation in Shariah-compliant services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bank Islam Malaysia Berhad (Trust Services): Malaysia's flagship Islamic bank offering trust and estate-related services as part of its broader Shariah banking portfolio. Comparable as both a partner and a competitor in Shariah-compliant financial services including trust administration for Muslim clients.
• Public Trust Berhad: An established Malaysian trustee offering estate administration and trust services with broad consumer reach. Comparable as a long-standing institutional trustee competing for the same Malaysian estate administration and Will execution customers.
• AmanahRaya Berhad: Malaysia's largest and most established public trustee, offering comprehensive estate administration, trust, and will-writing services nationally. Directly comparable as the dominant incumbent in the same Malaysian institutional trustee market AWARIS operates in, with broader scale and government-linked heritage.
• HSBC Amanah Malaysia: The Islamic banking arm of HSBC in Malaysia offering wealth, trust, and estate-related services to high-net-worth Muslim clients. Comparable as a larger Shariah-aligned financial institution with overlapping wealth management and legacy planning capabilities.
• Maybank Trustees Berhad: The trustee arm of Malaysia's largest banking group, providing corporate trust, estate, and Will-related services. Comparable as a bank-affiliated institutional trustee offering similar services, particularly to corporate and high-net-worth segments.

Direct peers

• Asian Islamic Trust (AIT): A Malaysian Shariah-compliant trust services firm focused on Islamic estate and trust administration. Comparable as a niche Shariah-aligned trustee peer targeting similar Muslim Malaysian customers with overlapping estate planning products.
• Rockwills Malaysia: A leading Malaysian will-writing and estate planning company with a wide agent network across Malaysia. Closely comparable as a direct competitor in online/offline Will creation and estate planning for Malaysian consumers, sharing the same customer segment.
• MyANGKASA Amanah Berhad: A Shariah-compliant cooperative trustee linked to the ANGKASA cooperative movement, also offering estate administration and trust services. Comparable as a Shariah-aligned trustee peer in the Malaysian market and notably the former employer of AWARIS's CEO.

Emerging players

• Great Eastern Takaful Berhad: Malaysia's leading takaful operator offering Shariah-compliant family takaful and wealth-related estate solutions. Comparable as a complementary Shariah-aligned financial services partner (formal MoU exists) addressing overlapping customer needs in legacy and family protection.

Others

• Bursa Malaysia (Shariah-compliant listings ecosystem): Malaysia's stock exchange and ecosystem partner that recognised AWARIS's Hibah Amanah product. Comparable as the distribution/infrastructure partner enabling the Hibah Amanah for CDS account holders product to reach listed-securities investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amanah-warisan-berhad

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Amanah Warisan Berhad