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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 ...
Parent agency. Prime Minister's Department. Website. www .islam .gov .my. 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 ...
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 ...
"All forms of interest are riba and hence prohibited". Islamic rules on transactions (known as Fiqh al-Muamalat) have been created to prevent use of interest. Investing in businesses involved in activities that are forbidden . These include things such as selling alcohol or pork, or producing media such as gossip columns or pornography.
The Islamic Financial Services Act 2013 ( Malay: Akta Perkhidmatan Kewangan Islam 2013 ), is a Malaysian law which enacted to provide for the regulation and supervision of Islamic financial institutions, payment systems and other relevant entities and the oversight of the Islamic money market and Islamic foreign exchange market to promote ...
Kuala Lumpur, Malaysia. Website. Official website. The Dewan Rakyat ( English: 'House of Representatives'; lit. 'People's Assembly ') is the lower house of the bicameral Parliament, the federal legislature of Malaysia. The chamber and its powers are established by Article 44 of the Constitution of Malaysia. The Dewan Rakyat sits in the Houses ...
Ministry of Housing and Local Government (Malaysia) Ministry of Human Resources (Malaysia) Ministry of Investment, Trade and Industry (Malaysia) Ministry of National Unity (Malaysia) Ministry of Natural Resources and Environmental Sustainability. Ministry of Plantation and Commodities. Ministry of Rural and Regional Development.
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 decision that could affect similar ...