Friday, 07 May 2021 05:43 PM MYT
PUTRAJAYA, May 7 Maybank Asset Management Sdn Bhd (MAM) has launched its first shariah-compliant retail Islamic investment fund with Waqf feature, Maybank Mixed Assets-I Waqf Fund with an initial fund size target of RM50 million.
Chief executive officer Ahmad Najib Nazlan said the fund aimed to generate annual income using Waqf allocation with Yayasan Waqaf Malaysia (YWM) appointed as the Waqf recipient and asset administrator.
He said the fund provided an opportunity for investors to contribute part of their annual investment income for Waqf activities to help the underprivileged community in the areas of education, healthcare, environment and economic empowerment.
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.
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MACC probing illegally imported meat case
December 21, 2020
JOHOR BAHRU – The Johor Malaysian Anti-Corruption Commission (MACC) has opened an investigation paper on the illegal importation of frozen meat case, which went viral on social media recently.
According to an MACC source, the investigation was being conducted under Section 16 and Section 18 of the MACC Act 2009.
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“The focus of the probe is on the falsification of the Customs 1 form, which is the declaration of import items, and corrupt practices among the agencies involved.
“Cooperation from various agencies such as the Domestic Trade and Consumer Affairs Ministry (KPDNHEP), Veterinary Services Department, Malaysian Quarantine and Inspection Services Department (MAQIS) and Customs Department have been obtained,” the source added.