Social Finance
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HDC to introduce Waqf fund to assist MSMEs
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.
28 Apr 2022
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PPZ-MAIWP, RHB Islamic forge strategic partnership
The Zakat Collection Centre of the Federal Territory Islamic Religious Council (PPZ-MAIWP) has entered into a strategic partnership with RHB Islamic Bank Bhd to raise awareness on the importance of zakat through a holistic approach.
21 Apr 2022
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Insurance, takaful industry launches voucher programme to extend social protection to lower-income group
The government, together with the insurance and takaful industry, will offer all eligible Bantuan Keluarga Malaysia (BKM) recipients for next year in the household, single and senior citizen categories a RM75 Perlindungan Tenang Voucher (PTV) from Jan 1, 2022.
03 Jan 2022
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Takaful Ikhlas expedites claims process for flood victims
Takaful Ikhlas General Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, has taken a proactive step to assist its house-holder and Home Protect Takaful certificate holders who have been affected by the recent flood.
27 Dec 2021
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Finance minister: Benefit payment for mySalam rises six-fold to RM76.9m in 2020
The benefit payment for mySalam scheme for hospitalisation and critical illnesses have increased six-fold to RM76.9 million in 2020, and subsequently rose to RM120.9 million for the first 11 months of 2021.
22 Dec 2021
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iTEKAD 2.0 introduced to extend support for the Asnaf and B40 communities
Three Islamic banks are stepping up their efforts to better serve the asnaf and B40 communities in facing the effects of the COVID-19 pandemic through the expansion of the iTEKAD programme ("iTEKAD 2.0"). Bank Muamalat Malaysia Berhad ("Bank Muamalat") and CIMB Islamic Bank Berhad ("CIMB Islamic") are joining Bank Islam Malaysia Berhad ("Bank Islam") in offering this programme and set to amplify it further. This holistic social finance programme ensures sustainable income generation and financial resilience of the participants.
26 Aug 2021
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Zurich Malaysia offers free personal accident coverage via collaboration with TheNoor
Zurich Malaysia has provided free personal accident (PA) coverage to assist Malaysians during the Covid-19 pandemic via a collaboration with TheNoor lifestyle app.
23 Jul 2021
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Islamic banking players to continue helping customers who face difficulties
Islamic banking institutions in the country will continue to assist customers affected by the outbreak of Covid-19, following the implementation of the Full Movement Control Order from today until June 14, 2021.
02 Jun 2021
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BIMB Investment launches Makmur myWakaf Fund
BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday which is for investors who wish to channel a part of their investment returns for wakaf purposes to underprivileged communities in Malaysia.
04 Mar 2021
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