KUALA LUMPUR, Oct 15 (Bernama) -- Bank Negara Malaysia Governor Dato' Sri Abdul Rasheed Ghaffour, today launched the iTEKAD Protection Programme at the Global Islamic Finance Forum (GIFF) 2025, marking a significant milestone in Malaysia’s social finance journey and reinforcing the nation’s leadership in Islamic finance.
Announced under Budget 2025, the Government has allocated RM5 million as a matching grant to provide Takaful and insurance protection to targeted segments. This initiative further expands the iTEKAD umbrella programme, first introduced in 2020, to now include a risk protection component that safeguards both lives and livelihoods.
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