Eq8 Capital launches world's first Waqf ETF in Malaysia, splitting profits between charity and investors.
Eq8 Capital, part of Kenanga Investors Group in Malaysia, has launched the world's first Waqf-featured ETF on the Bursa Malaysia. The Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF aims to distribute half of its annual income as Waqf assets for charitable causes and the other half to investors. This aligns with the Malaysian government's initiative to boost collaboration among religious bodies and the private sector for funding social projects like education and healthcare.
3 months ago
5 Articles
Articles
Further Reading
You have 3 free stories remaining this month. Subscribe anytime for unlimited access.