Will this alimony payment rule apply to other investments like PNB shares?

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Alimony Payment Rules May Extend to PNB Investments

The Department of Syariah Judiciary Malaysia (JKSM) is planning to propose the freezing of Permodalan Nasional Bhd (PNB) shares for individuals who fail to meet their alimony obligations to ex-wives and children. This proposed measure follows a similar initiative involving Tabung Haji (TH) depositor accounts, aiming to ensure alimony debts are settled.
Proposal to Freeze PNB Shares

JKSM intends to convene a meeting with Permodalan Nasional Bhd (PNB) to present a proposal. The objective of this meeting is to discuss the possibility of freezing shares held by individuals who are delinquent in their alimony payments. This action is being considered as a mechanism to enforce alimony compliance.
Precedent with Tabung Haji Accounts

The contemplation of freezing PNB shares is directly influenced by a preceding proposal concerning Tabung Haji (TH) depositor accounts. Shariah Chief Judge Datuk Mohd Na’im Mokhtar indicated that TH depositor accounts of those failing to pay alimony are also proposed for freezing. This prior initiative aims to ensure that prospective pilgrims are debt-free before undertaking the Hajj.
Rationale for Enforcement

The underlying rationale for these proposed measures is to ensure that individuals fulfil their financial responsibilities towards their former spouses and children. Mohd Na’im stated that the intention is to ensure that alimony debtors settle their obligations, especially as these debts are owed to close family members. The ultimate goal is to encourage responsible financial behaviour and ensure that individuals do not have outstanding debts of this nature.
Government's Stance on Alimony Enforcement

These proposed actions align with the government's broader stance on enforcing alimony payments, particularly in the best interests of divorced women. The government had previously announced decisions to penalise those who fail to pay alimony. The JKSM's engagement with financial institutions like TH and PNB reflects a multi-pronged approach to address this issue.

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Will this alimony payment rule apply to other investments like PNB shares?

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