ARTICLE

Insight

Islamic Affairs & Finance

Upholding the pillars of Islam and strengthening social protection through waqf, takaful, and sustainability finance (Sukuk).

 

RM1.5 billion allocated for development and management of Islamic affairs under the Prime Minister’s department.

  • RM65 million to build Islamic secondary school in the Federal Territory of Labuan.
  • Extend the Takmir teaching scope under JAKIM to other government agencies with the addition of 1,000 Takmir teachers.
  • RM500 one-off payment to benefit 70,000 Imams, Bilal, Siak, Noja, Marbut, Takmir and KAFA teachers.

 

RM10 million allocated as a start-up capital for Waqf SME Halal, Agriculture Waqf and Disaster Waqf initiatives.

 

RM5 million to be allocated for Takaful protection to Peladang members under the Takaful Smart Card Protection Scheme.

 

RM25 million allocated to Halal Development Corporation for Micro, Small & Medium Enterprises (MSMEs) halal product digital branding and marketability programme.

 

Government to issue sustainability Sukuk worth of RM10 billion for eco-friendly projects.

 

Stamp duty exemption for Perlindungan Takaful Tenang with a premium not more than RM250 for SMEs.

 

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Author(s)

Assoc. Prof. Dr. Ahcene Lahsasna
Chief Executive Officer,

Shariah Advisory


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