MAIDAM empowers asnaf through education and entrepreneurship in Terengganu
Associate Professor Datuk Dr Ahmad Azrin Adnan, MAIDAM's chief executive officer, highlighted the council's strategic partnerships with universities and private hospitals. These collaborations enable asnaf students to train in nursing, securing stable employment upon graduation.
'So by the end of their studies, they will undergo formal training in hospitals and then move straight into employment. This completes the circle — zakat funds are being used in a truly optimal way,' he said during an appearance on Bernama TV's 'Ruang Bicara' programme.
Over 70 per cent of Terengganu's zakat funds are allocated to the poor and needy, with a strong emphasis on productive capacity development. This includes financial aid, emotional support, and spiritual guidance to ensure holistic empowerment.
MAIDAM's efforts have earned recognition, including the National Zakat Award in the entrepreneur category, validating its success in creating self-sufficient zakat recipients.
Beyond financial aid, MAIDAM pioneers innovative Islamic fund management, such as wakaf-linked investments through Exchange Traded Funds and a solar energy wakaf project awaiting approval.
Ahmad Azrin stressed the need for integrated poverty management, advocating for inter-agency data sharing to streamline aid distribution. 'We cannot take a siloed approach; instead, we need the cooperation of all parties to address poverty issues,' he added. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
39 minutes ago
- The Sun
Malaysia's cross-border insolvency bill to boost investor confidence
KUALA LUMPUR: The newly passed Cross-Border Insolvency Bill 2025 is set to enhance investor confidence and align Malaysia with international business practices, according to Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said. The bill, approved by a majority voice vote in the Dewan Rakyat on July 29, will next be presented to the Dewan Negara. Azalina highlighted its significance for Malaysia's economic growth, stating, 'For many outside the business sector, cross-border insolvency may not be clear. But for businesses, it is crucial for a developing nation like Malaysia.' Speaking at the Islamic Arbitration Conference 2025 at the Asian International Arbitration Centre (AIAC), she emphasised that the reform reflects Malaysia's dedication to keeping up with global standards. 'This bill reassures investors that Malaysia is keeping pace with international practices,' she added. Azalina also noted Malaysia's leadership in Shariah-compliant sectors, including Islamic finance and banking. 'Given our strong foundation, we must expand our influence in Shariah-based Alternative Dispute Resolution (ADR),' she said, commending AIAC's new Islamic mediation rules. AIAC CEO Datuk Almalena Sharmila Johan highlighted the growing need for culturally sensitive dispute resolution in cross-border commerce. The centre is preparing to launch the 2025 Suite of Rules, including updated i-Arbitration Rules, to provide Shariah-compliant solutions for global users. - Bernama
Barnama
2 hours ago
- Barnama
Madani Government's Economic Reform To Boost Investor Confidence, Says Azalina
KUALA LUMPUR, July 31 (Bernama) -- The Cross-Border Insolvency Bill 2025 will boost investor confidence and align Malaysia with global business standards, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said. She said the bill has been passed by a majority voice vote in the Dewan Rakyat on July 29, and will be brought to the Dewan Negara next. 'For many people outside the business sector, the meaning of cross-border insolvency may not be clear. However, for those involved in business, it is extremely important for a growing country like Malaysia.' The minister said this in her keynote address at the Islamic Arbitration Conference 2025: Advancing Islamic Arbitration on the New Global Frontiers at the Asian International Arbitration Centre (AIAC) today. Azalina said the reform demonstrates Malaysia's commitment to keeping pace with international practices. 'My biggest point when we speak about cross-border insolvency is its ability to give great confidence to investors. We need that to show that Malaysia will not be left behind,' she said. As a country with a long-standing commitment to Shariah-compliant development, Azalina said Malaysia is exceptionally well-placed to lead the global effort in Islamic arbitration, having pioneered areas such as Islamic finance, banking, and Islamic governance frameworks. 'In the Islamic finance and banking sector, complex cross-border financial transactions often involve hybrid legal instruments, multiple regulatory frameworks and stakeholders who demand certainty not only from a legal perspective but also from a Shariah compliance standpoint. 'We must now leverage this strong foundation to expand our influence across other interrelated sectors and fortify our leadership in Shariah-based Alternative Dispute Resolution (ADR),' she said while extending her best wishes to the AIAC for embarking on another landmark initiative with the creation of the Islamic mediation rules.
New Straits Times
4 hours ago
- New Straits Times
Tan Sri Shahril Ridza Ridzuan named chairman of Standard Chartered Malaysia and Saadiq
KUALA LUMPUR: Standard Chartered Bank Malaysia Berhad (SCBMB) and Standard Chartered Saadiq Berhad (Saadiq) have appointed Tan Sri Shahril Ridza Ridzuan as their new chairman, effective August 2, 2025. He will succeed Datuk Yvonne Chia, who will step down on August 1 after completing a notable nine-year tenure at the helm. As chairman, Shahril will lead the strategic direction, commercial oversight, and performance management of both SCBMB and Saadiq. A seasoned corporate leader, Shahril currently chairs Axiata Group Berhad, Iskandar Waterfront Holdings Sdn Bhd, Ekuiti Nasional Berhad, Battersea Project Holding Company Limited, and Paradigm REIT Management Sdn Bhd. He also sits on the boards of CGS International Securities Malaysia Sdn Bhd and Kuala Lumpur Kepong Berhad. Previously, he served as managing director of Khazanah Nasional Berhad and CEO of the Employees Provident Fund (EPF). Welcoming his appointment, Standard Chartered Malaysia CEO Mak Joon Nien said, "We are delighted to welcome Tan Sri Shahril as Chairman to guide both SCBMB and Saadiq with his clear vision, unwavering integrity, and vast leadership experience in shaping major public and government-linked companies. We look forward to his leadership as he steers the strategic direction and strengthens the resilience of both entities to capture growth opportunities and create long-term value for our stakeholders." Mak also paid tribute to Chia for her exemplary leadership, particularly during challenging times. "We have been privileged to be under her influential leadership, during which she oversaw the Bank through an extraordinary series of external challenges, including the global pandemic, supply chain disruptions, and economic volatility." Mak added that through her visionary leadership and focus on good governance, she helped solidify the group's position in both conventional and Islamic banking. Beyond the bank, she has been a passionate advocate for women's empowerment, financial inclusion, education reform, and sustainability.
