In addition, we partnered with KMI Healthcare Holdings Sdn Bhd to offer SHOF scholarship recipients under PEYATIM who studied nursing courses the opportunity to undergo practical training and work at six KMI Healthcare-owned hospitals nationwide. This is the latest in a range of collaborations designed to deliver career advancement opportunities to people from underserved communities. The Sakeenah Home Ownership Programme (SakeenaHOPe) represents another way that we are contributing to community advancement. Through collaboration with LZNK, the programme leverages a hybrid funding model that combines bank financing and zakat to build affordable homes in underserved communities. A total of eight homes were built and 44 new applications were approved under SakeenaHOPe in 2024. Sadaqa House Orphan Fund (SHOF) RM2.4 million raised and RM1.4 million disbursed in 2024 Education RM889,418 disbursed, benefitting 109 students Infrastructure improvement RM309,449 disbursed, benefitting five orphanages Other initiatives RM182,450 disbursed, benefitting one NGO and three families Driving Innovation in Social Finance Believing in the transformative power of social finance as a catalyst for lasting positive change, we continue to innovate new business models and foster collaborations to expand its reach and impact. In 2023, we played a key role in the launch of myWakaf 2.0, an innovative model designed to drive community development. This initiative funded 14 Solar Dome Dryers (SDDs) to support fishing communities across Malaysia. These environmentally friendly and efficient SDDs not only promote sustainability but also create jobs within beneficiary communities, delivering significant “triple bottom line” benefits. Building on this momentum, we continued our leadership in 2024 as the Chairman of AIBIM’s myWakaf Working Group, driving impactful initiatives: Launched the National Manual Project on End Financing during a workshop in Penang on 11–12 December 2024, with completion expected in 2025 pending approval from Muzakarah MKI. Hosted a Shariah Roundtable Discussion on End Financing of Waqf Properties at INCEIF University, addressing key Shariah-related challenges in financing waqf properties. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 176 Sustainability Statement
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