FAQs on Share2share
FAQs
1. What is Shares2share?
Shares2share enables investors to donate their listed securities or proceeds from the sale of their listed securities towards charity through Yayasan Bursa Malaysia (YBM).
2. How can I donate my shares towards donation?
You can donate your eligible listed securities via Bursa Anywhere application (app). If you do not have the Bursa Anywhere app, you are encouraged to download the same. You can also donate by requesting for a CDS transfer under Shares2share at your broker’s premises.
3. Do I need to pay any cost for the share transfer?
No, there is no cost of transaction for transfers done under Shares2share.
4. Is the donation of shares tax deductible?
YBM will issue tax receipts for purposes of claiming tax deduction, if the donation of shares is under Model 2. No tax receipts will be issued for donation under Model 1 as the donation will be in kind.
5. How do I claim the tax receipt?
The tax receipt will be issued by YBM via email (provided that the donation is done under Model 2).
6. Can I go to my broker’s office to do the share
donation under Shares2share?Yes.
7. Can I do the share donation via an online platform?
Yes, you can transfer your shares to Shares2share via Bursa Anywhere app. Please download the app for ease of transfer if you have not done it yet.
8. Does Shares2share apply to all types of securities?
Shares2share applies to all listed securities except the following -
- Stocks listed on LEAP Market,
- Delisted stocks,
- Structured Warrants,
- Leveraged & Inverse Exchange Traded Funds,
- Non-equity securities, and
- Securities classified as PN17 and GN3.
9. Who are the brokers participating in Shares2share?
The following participating organisations or brokers are participating in Shares2share. These brokers shall facilitate the transfer of shares to both Model 1 and 2:
- Affin Hwang Investment Bank Bhd
- AmInvestment Bank Bhd
- Apex Securities Bhd
- BIMB Securities Sdn Bhd
- CGS-CIMB Securities Sdn Bhd
- Hong Leong Investment Bank Bhd
- Inter-Pacific Securities Sdn Bhd
- KAF Equities Sdn Bhd
- MIDF Amanah Investment Bank Bhd
- M & A Securities Sdn Bhd
- Malacca Securities Sdn Bhd
- Maybank Investment Bank Bhd
- Public Investment Bank Bhd
- RHB Investment Bank Bhd
- TA Securities Holdings Bhd
10. Will I be able to donate my shares to Shares2share if the shares are with a non-participating organisation or broker?
No, you are advised to make the donation through a participating broker to get the full benefits of the donation i.e. reduced transaction costs to maximise donated amount.
11. Can I choose the organisation/people who will receive my donation?
No, the list of Charitable Organisations has already been determined and approved by an independent Selection Committee (SELCOM) appointed by YBM. The list of approved Charitable Organisations are available on https://www.bursamalaysia.com/about_bursa/sustainability/yayasan-bursa-malaysia/shares2share
12. Is there any minimum or maximum number of shares that I can donate to Shares2share?
No. You can donate any number of listed securities.
13. Does Shares2share apply to both individual and corporate donors?
Yes, Shares2share is open to all donors; individuals as well as corporates or other types of entities.
14. We are a corporate donor, can we make a media coverage on the shares we have donated?
Media coverage policies will be left to the discretion of your company.
15. Where do I refer to for details on Model 1 and Model 2 of Shares2share?
The information is available on https://www.bursamalaysia.com/about_bursa/sustainability/yayasan-bursa-malaysia/shares2share
16. Would I be notified when the donation has been disbursed to the approved Charitable Organisations?
No. The disbursement of the funds will be undertaken by Yayasan Bursa Malaysia under the governance of the Selection Committee (SELCOM).
16. As a donor, will I be provided with the details of the fund utilisation?
Information on fund utilisation will be provided in due course when it is available, on https://www.bursamalaysia.com/about_bursa/sustainability/yayasan-bursa-malaysia/shares2share