Waqf assets can be used to fund and support social welfare initiatives and programmes that benefit the communities. Such initiatives include the development of education, health and social sectors that provide essential services to underserved communities. To a certain extent, waqf funds may be used to provide financial assistance in the form of interest-free loans to establish small businesses that can create job opportunities and stimulate local economies.
For the Guidelines on Islamic Capital Market Products and Services, please visit the following links:
Guidelines on Islamic Capital Market Products and Services
https://www.sc.com.my/api/documentms/download.ashx?id=7279989d-00f8-4ebc-8c18-fbf6c260ab1a
Frequently Asked Questions – Guidelines on Islamic Capital Market Products And Services
https://www.sc.com.my/api/documentms/download.ashx?id=64333e59-90d6-4e63-a27a-103b8ef904ca