Latest news with #Syariah-compliant
New Straits Times
3 days ago
- Business
- New Straits Times
Dewan Rakyat passes Consumer Credit Bill to protect credit consumers
KUALA LUMPUR: The Consumer Credit Bill 2025, aimed at safeguarding the interests of credit consumers in the country, has been passed by the Dewan Rakyat. The bill, which was tabled for its second and third readings by Deputy Finance Minister Lim Hui Ying today, was debated by 23 lawmakers. Lim said that once gazetted, the bill will introduce integrated regulations in phases, taking into consideration the industry's level of preparedness and the growing capacity of the Consumer Credit Commission, which will be gradually strengthened throughout each phase. She added that the commission will also assume regulatory responsibilities in stages, starting with currently unregulated credit providers, with full centralisation of oversight expected by 2031. "In Phase 1, the commission will regulate all credit businesses and credit service providers not currently under the purview of any authority. "However, Syariah-compliant financing facilities and Shariah-compliant pawnbroking activities will continue to be regulated by the Housing and Local Government Ministry (KPKT). "This will be followed by Phase 2, which involves the transfer of regulatory responsibilities for certain credit activities, such as moneylending and pawnbroking currently under KPKT, as well as hire purchase and credit sales currently under the Domestic Trade and Cost of Living Ministry. This phase is expected to commence in 2028," she said. Phase 3 is expected to commence in 2031, with the aim of centralising behavioural regulation across all financial market activities in Malaysia, subject to a comprehensive review by the government. "This phased approach is designed to ensure that the regulatory transformation of the consumer credit industry, and the transition process itself, proceeds in an orderly manner to minimise implementation risks. "At the same time, it enables the commission to build its capacity and capabilities to effectively take on greater responsibilities," she said. Earlier, Lim said the commission will be established as a regulatory body under the Finance Ministry and will regulate business sectors currently unregulated by any authority, through a licensing and registration framework to be implemented under the act.
The Star
08-07-2025
- Business
- The Star
Proposal to delay water tariff hike will cost Penang govt RM40mil, says CM
GEORGE TOWN: The Penang Water Supply Corporation's (PBAPP) plan to delay water tariff increases by six months will cost the state government RM40mil, says Chief Minister Chow Kon Yeow. Chow, who is also PBAPP chairman, said the decision reflected the state's commitment to easing financial burdens on the people while continuing to invest in critical water infrastructure. "We do not want to implement it early next year; we hope to delay it to the middle of next year,' he told a press conference on Tuesday (July 8) after the launch of PBAPP's new RM5bil Islamic Medium-Term Notes (IMTN) Programme. Chow said IMTN represents an alternative funding avenue, opening up opportunities for investors to fund necessary water projects and help subsidise tariffs. He said PBAPP should not be judged solely on tariff rates, adding that the corporation is actively working to enhance efficiency, reduce operational costs, and implement essential infrastructure upgrades. These include booster pump stations and expanded pipe distribution networks, he added. Acknowledging the limitations of internal funding and cost-cutting, he said, PBAPP is tapping into private financing initiatives and working with Pengurusan Aset Air Berhad (PAAB) to fund large-scale projects. He said these efforts aim to ensure that PBAPP does not have to raise capital on its own. Under a leaseback model with PAAB, selected water infrastructure projects will be financed and repaid over a 30- to 45-year period. One such project is the Mengkuang Water Treatment Plant, which is being financed through sukuk issuance to cover contractor payments. Based on the Syariah-compliant Sukuk Wakalah structure, it will allow PBAPP to raise medium to long-term financing through Malaysian capital markets.
New Straits Times
30-06-2025
- Business
- New Straits Times
KWAP shortlists 12 global partners under RM6bil Dana Pemacu initiative
KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has shortlisted 12 global general partners (GPs) with an allocation of RM6 billion across both conventional and Syariah-compliant funds under the Dana Pemacu initiative. The funds will be channelled into three key asset classes, which are private equity, infrastructure and real estate. KWAP said in a statement that this initiative focuses on key economic sectors such as food security, education, the silver economy and healthcare, energy transition, the digital economy, financial inclusion, and other critical priorities aligned with the Ekonomi Madani framework. Launched in May 2024, Dana Pemacu by KWAP plays a pivotal role in advancing Malaysia's economic transformation through the strategic deployment of diversified and commercially viable investments to enhance the value and impact of government-linked investment company (GLIC) investments. By prioritising efficiency in resource allocation, this initiative focuses on driving carefully tailored investments that align with national priorities into high-growth Malaysian companies and critical sectors. This will also support the government's reforms under the GEAR-uP initiative to "Raise the Ceiling", as part of the broader Ekonomi Madani framework. By adopting a co-general partner (co-GP) model, which pairs global investment managers with local talent, Dana Pemacu strengthens Malaysia's private market ecosystem, driving sustainable growth, enhances domestic capacity and brings global expertise to the local market while fostering economic resilience across key sectors. For private equity, the selected GPs are Investcorp, Navis Capital Partners, Nexus Point and The Vistria Group. For infrastructure, the mandate is allocated to Climate Fund Managers, DigitalBridge, I Squared Capital and Seraya Partners. Under the real estate mandate, the GPs are Castleforge Partners Limited, Lendlease Investment Management Pte Ltd, Savills Investment Management, and TrustCapital Advisors Investment Management Pte Ltd. As part of the Co-GP model under Dana Pemacu, all global GPs have also finalised the selection of local partners pursuant to their thorough assessment process and are currently undergoing the necessary regulatory approvals. KWAP chief executive officer Datuk Nik Amlizan Mohamed said the agency received positive interest from global GPs since the launch of Dana Pemacu, with more than 40 submissions obtained. "Following rigorous evaluation and due diligence processes, we have shortlisted these 12 global GPs that would further contribute meaningfully to Malaysia's private market ecosystem. "KWAP recognises the strengths of the selected global GPs, as they have a proven track record and experience in managing investments and driving performance," she said. Aligned with KWAP's objective to support the domestic economy, the majority of KWAP's total investment under Dana Pemacu will be deployed in Malaysia and in Syariah-compliant opportunities. As part of the diversification strategy, the remainder will be invested across international markets to generate sustainable, long-term, risk-adjusted returns.
Time Business News
26-06-2025
- Business
- Time Business News
Cattle Farming Investment in Indonesia: Why Gaffar Farm Bersaudara Is Your Trusted Partner
As global demand for sustainable food and protein sources rises, cattle farming has emerged as a strategic investment sector—particularly in developing nations with strong agricultural backbones like Indonesia. Among the top players in this field is Gaffar Farm Bersaudara, a reliable name synonymous with quality, innovation, and Islamic-based investment models. If you're seeking to diversify your portfolio into ethical, high-yield ventures, cattle farming with Gaffar Farm Bersaudara may be the right choice. Indonesia, with its vast agricultural lands and growing population, is an ideal market for cattle farming. Beef consumption has seen a steady increase, driven by rising incomes, urbanization, and a growing preference for protein-rich diets. However, the domestic supply of beef still falls short of demand, creating opportunities for scalable and profitable investments in the livestock sector. Cattle farming investment has evolved beyond traditional methods. Today, it integrates technology, transparent financial models, and sustainable practices. Gaffar Farm Bersaudara is leading this transformation with an investor-friendly system rooted in modern agriculture and Sharia-compliant finance. Gaffar Farm Bersaudara was founded with a mission to develop professional, ethical, and profitable cattle farming in Indonesia. Operating since 2010, the company has grown from a single farm in West Java to a multi-location business that includes farms in Sumatra and Riau. The brand has successfully built a reputation for delivering fresh and frozen beef, healthy cattle, and high-quality qurban livestock across Indonesia. What makes them stand out? Syariah-compliant investment model Full legal transparency Strong logistics and cold chain distribution Round-the-clock operations Guaranteed investor returns Gaffar Farm Bersaudara offers an end-to-end cattle farming system that includes breeding, fattening, processing, and marketing. Their farms use modern, hygienic facilities and are supervised by experienced livestock professionals. Whether you're a new investor or an institution, Gaffar Farm Bersaudara has tailored plans for you: Minimum investment : IDR 50 million (~USD 3,000) : IDR 50 million (~USD 3,000) Maximum investment : Up to IDR 16 billion (~USD 1 million) : Up to IDR 16 billion (~USD 1 million) Investment duration: Short-term (6 months) to long-term (up to 15 years) Investors typically earn a guaranteed return of 15% every 6 months. Returns are paid out regularly via bank transfer. You'll also get: Physical or digital contracts signed via notary Routine reports and updates Annual investor meetings Takaful (livestock insurance) for protection against risks Every investment follows Islamic finance principles, including risk-sharing and fair profit distribution. Gaffar Farm Bersaudara ensures all operations avoid riba (interest) and gharar (uncertainty), making it ideal for Muslim investors seeking halal options. Gaffar Farm Bersaudara runs a scalable and efficient operation: Cattle sourcing : They purchase high-quality local and imported male cattle for fattening. : They purchase high-quality local and imported male cattle for fattening. Feeding : Cattle are fed nutrient-rich diets under veterinary supervision. : Cattle are fed nutrient-rich diets under veterinary supervision. Processing : Facilities include halal-certified slaughterhouses and cold storage. : Facilities include halal-certified slaughterhouses and cold storage. Distribution: Meat is delivered fresh or frozen to restaurants, hospitals, pesantren (Islamic boarding schools), and retail customers nationwide. Their advanced logistics network ensures fast, hygienic delivery—often within 24 hours. By investing in Gaffar Farm Bersaudara, you're not just growing your wealth—you're also supporting the nation's food resilience. Indonesia still imports beef to meet local demand, and the government encourages local production to reduce dependency. Gaffar Farm Bersaudara's long-term vision includes: Developing smart farming systems Exporting high-quality beef to neighboring countries Training local communities and creating rural jobs Collaborating with cooperatives and farmers for inclusive growth The company is currently exploring export opportunities to the Middle East and Southeast Asia. With global halal meat demand increasing, especially during religious festivals, Gaffar Farm Bersaudara is strategically positioned to become a key exporter from Indonesia. Furthermore, the company is preparing to launch a digital platform to let investors track their livestock, earnings, and farm operations in real time. This increased transparency and tech integration boosts investor confidence and makes the business scalable. This opportunity is perfect for: Professionals seeking passive income Entrepreneurs looking to diversify Muslims looking for halal investment options Institutions (cooperatives, foundations, waqf boards) wanting secure, productive assets Investors can even visit the farms, inspect livestock, and participate in educational programs or CSR activities. Hundreds of satisfied investors from all over Indonesia—Jakarta, Bandung, Medan, and Surabaya—have already partnered with Gaffar Farm Bersaudara. Many report consistent returns, professional communication, and peace of mind knowing their money is in ethical, productive hands. Becoming a part of Gaffar Farm Bersaudara's investment network is easy: Contact the team via their website: Choose your investment amount and duration Sign a notarized contract (physical or digital) Monitor your investment and receive returns every 6 months They also offer WhatsApp consultations, farm visit arrangements, and special promotions during Eid or qurban seasons. In a world filled with volatile markets, livestock investment provides a grounded, sustainable, and impactful alternative. With its ethical foundation, proven returns, and professional management, Gaffar Farm Bersaudara offers one of the best cattle farming investment options in Indonesia today. Whether you're looking for passive income, halal investing, or a way to support food security, Gaffar Farm Bersaudara is the trusted partner you've been looking for. TIME BUSINESS NEWS
Barnama
28-05-2025
- Business
- Barnama
- Young Malaysians, Big Money Mistakes: What's Going Wrong With Islamic Financial Behaviour?
Opinions on topical issues from thought leaders, columnists and editors. But here's the twist: despite this impressive progress, many Malaysians, especially the younger generation, still struggle when it comes to managing their money wisely and in line with Islamic principles. Malaysia has come a long way in promoting financial inclusion. With more than 96 per cent of adults now having access to formal financial services, up from just 46 per cent in 2011, the country is often praised as a model in Southeast Asia. Moreover, while insurance penetration in Malaysia has reached 40 per cent, family takaful participation lags at only 20 per cent, raising questions about why many Muslims hesitate to adopt Syariah-compliant financial products. Recent reports highlight the nation's inadequate retirement savings, with nearly half of Employees Provident Fund (EPF) members under 55 holding less than RM10,000 in their accounts. Rising living costs, slow wage growth, and limited financial literacy worsen the problem, leaving many individuals financially vulnerable despite broad financial inclusion. While Malaysia has made remarkable progress in expanding access to financial services, a worrying mismatch remains: many Malaysians, especially younger ones, face serious personal financial challenges. A recent study has peeled back the layers of this issue, focusing on university students in Malaysia, and uncovered some surprising truths about what really drives Islamic financial behaviour. It turns out that it's not just about knowing the rules of Islamic finance; confidence and family influence play a much bigger role than many of us might expect. These gaps point to a deeper need to understand and improve Islamic financial behaviour among Malaysia's young adults. Why Financial Literacy Alone Isn't Enough Conventional wisdom tells us that the more you know, the better you do. But this new research challenges that idea, at least when it comes to money. The study, which surveyed university students across different higher learning institutions, looked at how factors like Islamic financial literacy, parental financial socialisation, financial risk attitude, and financial self-efficacy shape financial habits. Surprisingly, Islamic financial literacy, the understanding of key Islamic finance concepts such as riba (interest), halal investments, and Syariah-compliant banking, wasn't the strongest predictor of good financial behaviour. 'This finding really caught us off guard,' said one of the researchers. 'We've always assumed that knowledge is power, but in this case, knowledge alone wasn't translating into action.' So, if simply knowing the dos and don'ts of Islamic finance isn't enough, what makes the real difference? The Big Impact of Parental Influence One of the standout findings was the power of parental financial socialisation. In simpler terms, how parents teach and model financial behaviour for their children. Students who reported that their parents regularly talked about money, showed them how to save, and demonstrated ethical financial habits were much more likely to manage their finances in ways that align with Islamic principles. 'This really reinforces the idea that financial habits are shaped at home,' the study noted. 'When parents openly discuss budgeting, saving, and responsible spending, they're not just passing on knowledge, they're instilling values and habits that stick.' Indeed, one student shared, 'My parents always taught me to avoid debt and to save for big purchases. I've carried those lessons with me, and they guide how I manage my money now.' The takeaway here is clear: if we want to raise a generation of financially responsible adults, it's crucial to start young, and that starts at home. Confidence is Key Another major finding of the study was the role of financial self-efficacy, that is, a person's belief in their ability to manage their own finances effectively. Students who felt confident about budgeting, saving, and making smart financial decisions were far more likely to actually do those things. This echoes what many financial planners have observed: confidence breeds action. 'When people believe they can handle their finances, they're more likely to take proactive steps, whether it's starting a savings plan or investing in halal financial products,' said one financial advisor familiar with the study's findings. Interestingly, this sense of self-efficacy appeared to have a stronger impact than even financial knowledge. 'It's not just what you know; it's whether you believe you can put that knowledge into practice,' the researchers explained. Risk Attitude: Less Important Than Expected The study also looked at financial risk attitude, which measures how willing someone is to take risks with their money. In the world of conventional finance, risk tolerance is often seen as a key driver of investment and spending behaviour. But in the Islamic finance context, where ethics, compliance, and risk-sharing are emphasised over speculative risk-taking, risk attitude played a much smaller role than expected. This makes sense when you consider that Islamic finance principles discourage high-risk speculation (gharar) and prohibit interest-based transactions (riba). As a result, ethical and religious considerations may outweigh personal risk preferences when it comes to making financial decisions. What Does This Mean for Malaysia's Financial Future? So, what can we learn from all of this? For one, financial education campaigns need to go beyond simply teaching the rules of Islamic finance. 'We have to focus on building students' confidence and involving their families in the process,' one of the researchers suggested. 'It's about creating a culture of good financial habits, not just delivering information.' There's also a role for universities and financial institutions. Offering workshops that involve both students and their parents could help reinforce positive financial behaviours. Likewise, programmes that focus on practical, hands-on financial skills, like how to set a budget or choose a Syariah-compliant investment, could help build that all-important financial self-efficacy. For policymakers, these findings offer a roadmap for improving financial inclusion in a way that's meaningful and sustainable. It's not enough to get people through the door of a bank or a takaful office; the goal should be to empower them with the skills and confidence they need to make sound financial decisions for life. The Bigger Picture At a time when many Malaysians are worried about their financial security, whether it's a lack of retirement savings or rising living costs, these insights couldn't come at a better moment. The study's findings highlight that while knowledge is essential, it is confidence and early family influence that often set the course for a lifetime of financial well-being. In the words of one student participant: 'I've attended financial literacy talks before, but what really helps is seeing my parents budget every month and learning to do it myself. That's what makes it real.' Ultimately, the message is clear: to foster better Islamic financial behaviour among young Malaysians, we need a combined effort, one that involves families, builds confidence, and offers not just knowledge, but the tools and mindset to act on it. -- BERNAMA Dr Mohd Faizuddin Muhammad Zuki ( is Senior Lecturer at the Islamic Business School, Universiti Utara Malaysia. Muhammad Arif Fadilah Ishak (ariffadilah@ is Lecturer at the Faculty of Quranic Science, UCYP University. Muhammad Hafiz Hassan (muhammadhafiz@ is Lecturer at the Faculty of Muamalat & Islamic Finance, Universiti Islam Antarabangsa Tuanku Syed Sirajuddin.
