PM Anwar: Govt commits RM100m to foster innovation in Islamic finance

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Islamic Finance News

Anwar Ibrahim

KUALA LUMPUR, May 28 ― Prime Minister Datuk Seri Anwar Ibrahim has reiterated the government’s commitment towards Islamic finance innovation via partnerships, and announced...

Prime Minister Datuk Seri Anwar Ibrahim delivers his keynote address during the Global Forum on Islamic Economics and Finance at the KL Convention Centre in Kuala Lumpur May 28, 2024. — Picture by Shafwan ZaidonKUALA LUMPUR, May 28 ― Prime Minister Datuk Seri Anwar Ibrahim has reiterated the government’s commitment towards Islamic finance innovation via partnerships, and announced a commitment of RM100 million to boost more such innovations.

Meanwhile, Project Hassan is a collaboration between Lembaga Zakat Negeri Kedah, MIFC Leadership Council , Association of Islamic Banking and Financial Institutions Malaysia and INCEIF University, aimed at upscaling zakat initiatives to elevate the socio-economic conditions of the asnaf in Kedah. “Additionally, the Securities Commission will introduce fundraising for waqf developments through peer-to-peer financing and equity crowdfunding platforms, with the government providing matching funding through the Malaysia Co-Investment Fund at a zero per cent financing rate,” said Anwar.

 

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