Sixth
from
left
to
right:
Tan
Sri
Abdul
Wahid
Omar,
Chairman
of
Bursa
Malaysia;
Yang
Berhormat
Senator
Dato’
Setia
Dr.
Haji
Mohd
Na’im
bin
Haji
Mokhtar,
Minister
of
Religious
Affairs,
Prime
Minister’s
Office
and
Chairman
of
Yayasan
Waqaf
Malaysia;
Datuk
Chay
Wai
Leong,
Group
Managing
Director
of
Kenanga
Investment
Bank
Berhad;
Datuk
Muhamad
Umar
Swift,
Chief
Executive
Officer
of
Bursa
Malaysia;
Mr.
Steven
Choy
Khai
Choon,
Chairman/
Non-Independent
Non-Executive
Director
of
Kenanga
Investors
Berhad;
and
first
from
right:
Datuk
Wira
Ismitz
Matthew
De
Alwis,
Executive
Director/
Chief
Executive
Officer
of
Kenanga
Investors
Berhad
at
the
launch
of
the
world’s
first
Waqf-featured
Exchange-Traded
Fund,
the
Eq8
FTSE
Malaysia
Enhanced
Dividend
Waqf
“We
are
proud
to
announce
the
launch
of
the
world’s
first
Waqf-featured
ETF
together
with
YWM,
marking
a
significant
milestone
after
months
of
dedicated
effort.
The
Waqf
ETF
underscores
Kenanga
Investors
unwavering
commitment
to
advance
impact
investing,
especially
in
today’s
climate.
Waqf
is
now
widely
recognised
as
a
critical
pillar
of
support
for
Malaysia’s
socio-economic
development
and
contributes
to
the
United
Nation’s
Sustainable
Development
Goals.
We
perceive
the
launch
to
be
in
alignment
with
the
government’s
call
for
increased
collaborations
between
religious
bodies,
the
public
and
the
private
sectors
in
order
to
maximise
potential
for
Waqf
assets
to
fund
projects
such
as
education,
healthcare,
economic
empowerment
and
environment.
This
reflects
the
spirit
of
Waqf
in
creating
long-term,
sustainable
benefits
for
communities,
fostering
social
equity,
and
addressing
pressing
societal
needs”,
said
Kenanga
Investors’
Executive
Director
and
Chief
Executive
Officer,
Datuk
Wira
Ismitz
Matthew
De
Alwis.
The Waqf ETF represents a continuous commitment by Kenanga Investors and its group of companies to participate in the Securities Commission Malaysia’s Islamic Fund and Wealth Management Blueprint, Waqf-Featured Fund Framework alongside the enhancements to Bursa Malaysia’s Main Market Listing Requirements. The Waqf ETF is the third Waqf-featured product by the group that has been issued since the launch of the Kenanga Waqf Al-Ihsan Fund in 2021.
Umar Alhadad, Executive Director of Eq8, shared, “EQ8WAQF exemplifies how an Islamic capital market product can be innovatively developed to integrate investment returns while fostering inclusivity, sustainability, and shared prosperity. Through democratised access on the Exchange, investors will have the opportunity to access and achieve dual impact investing goals from the Waqf ETF. EQ8WAQF features an index lead scheme to generate dividends from the thoughtfully designed index which combines an income-focused strategy with a momentum-based approach. This innovative strategy aims to deliver higher dividend yields while providing investors with potential capital growth, positioning it as an advantageous alternative to traditional dividend-focused funds”.
“We are glad to continue our partnership with Kenanga Investors with the introduction of the Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF. This Waqf ETF serves as an additional instrument in accommodating Yayasan Waqaf Malaysia’s efforts to grow Waqf assets and the wellbeing of the community with the distribution of the Waqf assets for the EQWAQF to be channelled towards economic empowerment, education, healthcare, and environmental causes. With the formation of innovative products like this, investors of all faiths may now take part in contributing towards the betterment of society. We look forward to working closely with more stakeholders across Malaysia to drive the growth and development of Waqf”, YWM’s Chief Executive Officer, Dr. Ridzwan Bakar explained.
Bursa Malaysia’s Chief Executive Officer, Datuk Muhamad Umar Swift, said, “We extend our congratulations to Eq8 and Yayasan Waqaf Malaysia on the launch of the world’s first waqf-featured ETF. the Exchange has observed a growing trend of investors opting for Shariah or ethical investing, given its close alignment with ESG investing. As such, the introduction of the EQ8WAQF is therefore timely and is expected to be well-received by investors, particularly those seeking financial returns while making a positive impact on society. Importantly, the EQ8WAQF supports our effort to broaden investment opportunities and foster inclusivity for investors, offering more products to encourage their participation in the capital market”. The Waqf ETF is the fifth addition to Eq8’s ETF product suite making it the largest ETF issuer in Malaysia. EQ8WAQF is suitable for investors seeking medium to long-term investment opportunities in liquid financial instruments with index-tracking features that focus on high-yield, dividend-paying Shariah-compliant equities.
For more information about Eq8, please visit www.eq8.com.my.
Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
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