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Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector, and voluntary for non-Malaysian citizens.
Retirement Fund (Incorporated) ( Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and payment of pension to public sector retirees. [1 ...
The Malaysia International Islamic Financial Centre ( MIFC) is an initiative of Malaysia’s financial market regulators and relevant government agencies dedicated to developing Malaysia’s Islamic finance market by engaging with industry and government. [1] The initiative was launched in 2006 [2] and is based in Kuala Lumpur, Malaysia.
Department of Islamic Development Malaysia ( Malay: Jabatan Kemajuan Islam Malaysia, Jawi alphabet: جابتن كماجوان اسلام مليسيا) or popularly known as JAKIM (جاكيم), is a federal government agency in Malaysia that administers Islamic affairs in Malaysia.
By Rozanna Latiff and Danial Azhar. KUALA LUMPUR (Reuters) -Malaysia's top court on Friday declared unconstitutional more than a dozen Islamic laws enacted by the state of Kelantan, in a landmark ...
Malaysia will boost salaries for civil servants by more than 13% from December, Prime Minister Anwar Ibrahim said on Wednesday, amid rising prices, a weak ringgit currency, and plans to reform ...
Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses.
Islam in Malaysia is represented by the Shafi‘i school of Sunni jurisprudence. [2] [3] Islam was introduced to Malaysia by traders arriving from Persia, Arabia, China and the Indian subcontinent. It became firmly established in the 15th century. In the Constitution of Malaysia, Islam is granted the status of "religion of the Federation" to symbolize its importance to Malaysian society, while ...