KUALA LUMPUR, 12 June 2026 (The Capital Post) – The SME Bank iTEKAD ISHRAF programme has empowered nearly 1,000 asnaf entrepreneurs nationwide since its introduction in 2020, generating close to RM40 million in income and creating more than 400 employment opportunities.
Deputy Entrepreneur Development and Cooperatives Minister Datuk Mohamad Alamin highlighted the achievement while attending the SME Bank iTEKAD ISHRAF 4.0 Graduation Ceremony at Hotel Seri Pacific here today.
According to a Facebook post by Kementerian Pembangunan Usahawan dan Koperasi, the programme, which operates under Bank Negara Malaysia’s social finance framework, has become a significant platform for uplifting asnaf entrepreneurs through structured business support and financial assistance.
Since its implementation, a total of RM30 million in business capital has been channelled through the initiative, including approximately RM9 million allocated for 2026.
The ministry said the programme demonstrates how Islamic social finance can serve as a catalyst for income growth, business expansion and improved community well-being, particularly among vulnerable groups.
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SME Bank iTEKAD ISHRAF began in 2020 as a pilot initiative involving 20 asnaf entrepreneurs supported by RM250,000 in zakat funds. Over the years, the programme has expanded substantially, providing participants with financing, entrepreneurship training and business development opportunities.
Mohamad said the initiative aligns with the aspirations of Ekonomi MADANI by promoting inclusive entrepreneurship and strengthening socio-economic development through greater access to financing, structured capacity-building programmes and broader market opportunities.
Also present at the event was Minister in the Prime Minister’s Department (Religious Affairs) Dr. Zulkifli Hasan, along with senior management representatives from KUSKOP and SME Bank.
The ministry reaffirmed its commitment to empowering underserved communities and fostering a more competitive and inclusive entrepreneurial ecosystem through strategic programmes that create sustainable economic opportunities. – The Capital Post.
