The Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) was established in 1995 as the Association of Interest-Free Banking Institutions Malaysia.
Currently, AIBIM has 26 member banks comprising 12 Domestic Banks, 3 Development Financial Institutions, 10 Locally Incorporated Foreign Banks and 1 Islamic Digital Bank.
myWakaf is an inclusive economic instrument that based on philanthropic value in order to achieve its objective; best serve all members of society particularly the underserved, to have an access of quality essential services and assistant in fulfilling their needs towards shared prosperity.
The objectives of myWakaf are:
- To have a dynamic and synergistic relationship between SIRCs and Islamic banks to spearhead innovative waqf related development.
- To embark on waqf project that fulfill the needs of identified community with a proper and transparent governance on fund distribution.
- To widen waqf collection for the identified communities via banking channels.
For further information on myWakaf initiative, please find at www.mywakaf.com.my