Kuala lumpur: Yayasan Waqaf Malaysia (YWM) today handed over a Letter of Intent (LoI) to seven industry partners as part of efforts to strengthen the national waqf ecosystem. YWM, in a statement, said the collaboration is expected to open new dimensions in high-impact waqf management, covering health, education, social, and digital technology sectors.

According to BERNAMA News Agency, the strategic collaboration aims to expand the implementation of waqf projects holistically and sustainably, in line with the Al-Falah Transformation Plan and the Malaysia MADANI principles, which emphasise well-being and compassion in society. The partnership will pave the way for various waqf-based social innovations that can benefit people of all races and religions.

The seven industry partners include Highfield Healthcare Sdn Bhd, which will build a Shariah-compliant specialist waqf hospital, Semenyih Specialist Hospital, by integrating physical, mental, and spiritual elements. Pahang Gold Sdn Bhd will develop a gold-based infaq and waqf platform to enable the public to contribute charitably through gold assets. Sedania As Salam Capital (SASC) will leverage digital technology platforms to boost waqf and infaq funds through Islamic financial products.

Other partners are Emaan Catalyst Community (ECC), which will undertake community and social enterprise-based waqf projects, and Lokalities Group Sdn Bhd, which will collaborate in food preparation and distribution under YWM’s corporate social responsibility initiatives, such as the Infaq Sabil programme in Mekah.

Sekretariat Infaq Nasional (SINA) will implement the National Infaq Programme, encouraging monthly infaq contributions starting from RM10 for community welfare. Kowabunga! Global Pte Ltd will collaborate in the education sector through a Values-First approach, focusing on character and moral development among students.

YWM expressed high appreciation for the effort and commitment of all industry partners in advancing the waqf empowerment agenda in Malaysia. The collaboration is seen as a key step in expanding the potential of waqf-based social innovation and ensuring that its benefits are shared inclusively among the people.