Malaysia legislation
Section 7A
of PERATURAN-PERATURAN TABUNG HAJI (DEPOSIT DAN PENGELUARAN) (PINDAAN) 2017
Seksyen 7A
(1)
A depositor who is of eighteen years of age or above may make a hibah amanah for the amount or any part of the amount standing to the depositor’s credit to be given to any person as the recipient of the hibah amanah.
(2)
Every such hibah amanah shall be made in the form as determined by the Lembaga and shall have no effect unless made during the lifetime of the depositor.
(3)
The amount or part of the amount standing to the depositor’s credit given to the recipient of the hibah amanah under subregulation (1) shall be paid in accordance with regulation 8.
(4)
Subject to subregulation (5) and the terms and conditions as may be determined by the Lembaga, the recipient of the hibah amanah shall authorize the depositor—
(a)
to utilize, for the interest of the depositor, the amount or part of the amount standing to the depositor’s credit given to the recipient of the hibah amanah; and
(b)
to conduct all transactions and receive all benefits relating to the amount or part of the amount standing to the depositor’s credit given to recipient of the hibah amanah, during the lifetime of the depositor and recipient of the hibah amanah.
P.U. (A) 97 10
(5)
The depositor shall at all times during his lifetime maintain a minimum deposit as determined by the Lembaga unless the hibah amanah is revoked under regulation 7B.
(6)
The depositor shall notify the Lembaga of any addition of the recipient of the hibah amanah or of any variation of the amount standing to the depositor’s credit given for the hibah amanah or of the death of the recipient of the hibah amanah.
(7)
Where the hibah amanah is made for a part of the amount standing to the depositor’s credit, the depositor may nominate any person in accordance with regulation 7 to whom the balance amount standing to the depositor’s credit may be paid upon the depositor’s death in accordance with regulation 8.
Revocation of hibah amanah