KUALA LUMPUR (Bernama): In order to increase the country’s wakaf fund savings and assets, Tan Sri Muhyiddin Yassin said an initiative has to be formulated at the federal level to encourage civil servants to make wakaf (endowment) contributions, especially periodically, through salary deductions.
The Prime Minister said this was among the four main points outlined in an effort to ensure that wakaf becomes an important element in helping the country’s economy.
In this regard, he said ministry secretaries-general and heads of departments and agencies at the federal level should play a role in encouraging officers and staff under their charge to make wakaf donations.
Friday, 09 Apr 2021 05:47 PM MYT
KUALA LUMPUR, April 9 Kenanga Investors Bhd has completed a total income distribution of RM531.7 million to its clients for the financial year 2020 (FY20).
In a statement today, it said this included the final income distribution of RM256 million for 21 retail funds until March 2021 as well as RM275.7 million that was distributed earlier and income repatriation in 2020.
Kenanga Investors executive director and chief executive officer, Ismitz Matthew De Alwis, said the income distribution was derived from the funds’ realised gains, dividends and other income across equity, fixed income and mixed asset classes.
This includes the firm’s flagship funds, Kenanga Growth Fund and Kenanga Syariah Growth Fund.