Background

Bank Islam is the first Shariah based banking institution in Malaysia and SouthEast Asia; and has been playing the leading role in the development of the nation’s Islamic banking industry. In fact, it has provided technical assistance in the setting up of several Islamic institutions in the Asian region such as Indonesia, Thailand and Sri Lanka. Incorporated in 1983, it was originally established with the sole purpose of assisting with the financial needs of the Muslim population of Malaysia. Since then, Bank Islam has extended its services to the wider, non-Muslim, population fulfilling its “Banking-for-All” principle.

Islam focuses on the collective benefit of the Ummah. For Islamic banking and finance to serve the Muslim community, it should cover the different aspects of the economy, namely siasi (government), tijari (private) and ijtima’i (social welfare).

Bank Islam’s first Managing Director, Dato’ Dr. Abdul Halim Ismail, a Royal Award for Islamic Finance 2014 winner, found that there needs to be more effort focused on social welfare. He thus introduced the idea of Sadaqah House to better serve these social needs. Today, Bank Islam again, has proved their credibility and enormous effort to serve the Ummah with the establishment of Sadaqah House.

Objectives

Concept

Sadaqa House is a donation platform operated by Bank Islam which enables funds to be channelled to the needy communities through Bank Islam partners. This is one of the efforts to create more sustainable economic development, community and environment.

Driving Factors of Sadaqah House Establishment
1- Perfecting the Islamic Economics system
2- Inequality and poverty in Malaysia
3- Zakah distribution in Malaysia
4- Rapid development of crowdfunding
5- Public trust and confidence in banking institutions.

Our Involvement

Model and Structure

What we do

IJN Patients: Support Yu Jun’s PDA Occlusion Surgery

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$3,696
raised of
$3,696
with
0
days to go

IJN Patients: Support Ashraf’s Heart Surgery

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$3,805
raised of
$3,800
with
0
days to go

IJN Patients: Support Sim Le En’s Heart Surgery

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$2,558
raised of
$2,558
with
0
days to go

SadaqaHouse: Solar Power System for Villagers

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$688
raised of
$10,000
with
0
days to go

SadaqaHouse: Solar System – Renewable Energy

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$166
raised of
$51,151
with
0
days to go

Funding Health Financial Aid – IJN Foundation

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$65,238
raised of
$37,790

IJN Patients: Support Nur Najmi’s Heart Surgery

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$2,578
raised of
$2,558
with
0
days to go

IJN Patients: Support Haikal’s Heart Surgery Cost

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$1,279
raised of
$1,279
with
0
days to go

IJN Patients: Support Aiman’s TOF Surgery Cost

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$2,665
raised of
$2,558
with
0
days to go