Kuala Lumpur, 29 March 2022 – Bursa Malaysia Berhad (“Bursa Malaysia” or the  “Exchange”) today awarded six charities a total of RM250,125 arising from the Zakat  Wakalah returned by the Pusat Pungutan Zakat (“PPZ”). These charities were  selected based on the Zakat Wakalah Distribution Guideline where applicants must meet the criteria set by PPZ, as well as the eight conditions set to be declared as  “Asnaf”. A total of six charities were selected, out of twenty applicants who applied  for the disbursement, which will use the fund for activities benefiting the  unfortunate. 

Among those selected are charities involved in upskilling marginalised or displaced communities, flood relief activities and agriculture entrepreneurship. The Exchange  also set additional criteria where the applicants should focus on high impact projects  aligned to the United Nations Sustainable Development Goals.  

To ensure that the disbursement conditions are met, the Zakat Distribution  Committee (“ZDC”) requires a performance report from the recipients, six months  after the disbursement. The Exchange will also be submitting a report to Pusat  Pungutan Zakat on the distributions made. 

“As a socially responsible exchange, Bursa Malaysia is committed to fulfilling our  zakat obligations towards community projects that will positively change and benefit  society,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “We will continue to strengthen communities and provide financial support to those  who are less fortunate, especially in view of this coming Ramadan.” 

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