The Waqf Investment Fund Framework has been introduced to alleviate poverty and to promote equality and social inclusion. In line with the 12th Malaysia Plan (RMK-12) and Budget 2022 announcement by the Malaysian government, the Waqf Investment Fund framework aims to set out a path to further develop Waqf assets in Malaysia.
This programme will support the overall National Waqf Masterplan by leveraging Waqf instruments to alleviate poverty and income inequality among the vulnerable communities in Malaysia.
PwC Malaysia’s report ‘Equality and social inclusion: The way forward for Waqf’ shares a structure for the Waqf investment fund, and explores the legal considerations, impact in terms of socio-economic contributions among other opportunities, as well as key challenges that the fund seeks to address.
Get in touch with us for a deeper conversation on harnessing the potential of the Waqf Investment Fund as a tool for socioeconomic development.