MALAYSIA: The Securities Commission Malaysia (SC) has officially launched the Social Exchange, which is a regulated fundraising platform to enhance access to social impact financing, with an initial RM2 million (US$504,552.84) grant allocated to support eligible non-profit organizations’ onboarding and fundraising costs.
Among the corporate donors participating through the platform are Zurich General Takaful Malaysia and Yayasan Waqaf Malaysia, which contributed RM30,000 (US$7,567.91) and RM25,000 (US$6,306.59) respectively to the YOKUK Foundation, an NGO. Kumpulan Perangsang Selangor, an industrial products and services company, also donated RM5,000 (US$1,261.38) to Pertubuhan Tindakan Wanita Islam Malaysia, a charitable women’s organization.
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
