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.