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HDC to introduce Waqf fund to assist MSMEs

28 Apr 2022 | Thursday Source: The Star

Halal Development Corporation Bhd (HDC) will introduce a waqf fund to assist micro, small and medium enterprises (MSMEs) in developing the halal economy in the country, tentatively scheduled for July.

Chief executive officer Hairol Ariffein Sahari said this was one of HDC's new approaches in line with its objective to develop the Islamic economy as a whole.

"I would like to highlight that HDC has explored the need for waqf (Islamic endowment) funds for the halal industry and we will work with Yayasan Wakaf Malaysia and the banks that will be appointed.

"We will disburse this fund to MSMEs to buy assets that can be endowed," he said when met at the breaking of fast with paralympic athletes here Tuesday.
 

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