Who Are We
Sadaqa House is a globally recognised social finance driver that mobilises the philanthropic capitals of sadaqah (voluntary charity), waqf (endowment) and zakat (tithe) to make positive outcomes and tangible differences for the country's unbanked and underserved segments within an inclusive Islamic economic ecosystem in Malaysia.
Throughout our journey, Sadaqa House continuously enhanced every facet of delivering funds within the Islamic banking framework, aiming to achieve upward mobility for our beneficiaries. Sadaqa House has helped bring to life Bank Islam’s vision for Value-based Intermediation (VBI), creating impact for over 17,500 beneficiaries throughout Malaysia as of 2023.
Why Us?
100% Operational Cost & Fees Borne by BIMB
Proper Governance within Highly Regulated Industry
Focuses on Impactful Project for Sustainable and Continuous Benefits
Transparent and proper reporting through published annual impact reports
Collaboration with local changemakers for a more localized and tailored solution
Dedicated of more than 40 people managing Sadaqa House
Our Aspiration
In 2018, Bank Islam launched Sadaqa House as part of our commitment to Value-Based Intermediation (VBI). Our aim is to integrate a participatory funding platform with Bank Islam's robust governance, expertise, and infrastructure in traditional Islamic banking to drive positive social impacts.
Sadaqa House have continuously enhanced every facet of delivering funds within the Islamic banking framework, aiming to achieve upward mobility for our beneficiaries.
Reflecting on our experience, Sadaqa House has reimagined the intermediation role of an Islamic bank to advance VBI. The effort entails deploying social finance funds and philanthropic capital to include the unbanked and underserved segments within an inclusive Islamic economic ecosystem, as illustrated in the diagram.
Sadaqa House as the 3rd Sector in Islamic Economy
Now, if this movement catches on and becomes a reality, I shall tell the people; Islamic banking and finance is based on a three-sector Islamic economy, and it integrally incorporates the Social Welfare Sector, whereas the conventional banking and finance does not.
Allahyarham Dato’ Dr Abdul Halim Ismail, Founding Managing Director of BIMB, June 2014
Sadaqa House plays the role as the social finance driver in Malaysia. Through the deployment of philanthropic capitals, Sadaqa House is making a tangible difference for the unbanked and underserved segments, driving forward greater financial inclusion and ethical intermediation.
Assuring Governance
Donation and Distribution Process
Sadaqa House (SH) ensures good governance is adopted and implemented in the end-to-end process of managing donation funds from the public. At Bank Islam, there is a dedicated internal oversight management sub-committee named Sadaqa House and Zakat Committee to provide oversight and direction on the strategies, processes and activities of Sadaqa House.
Governance of Sadaqa House
In managing the public donations of Sadaqa House, the Bank remains steadfast in promoting and sustaining a strong culture of corporate governance to protect the interests of all stakeholders, including donors and beneficiaries.
The Bank is fully committed to adopting high business integrity, ethics, and professionalism standards, guided by exemplary executive leadership and strategy.
Simultaneously, the Bank ensures that internal controls, risk management, and compliance with Shariah rules and principles govern all of its initiatives, including Sadaqa House.
To achieve these objectives, the Board adheres to the requirements of BNM's Corporate Governance Policy issued on 3 August 2016, the Malaysian Code of Corporate Governance 2021, and other relevant conditions outlined in respective policy documents by BNM.
The Bank is fully committed to adopting high business integrity, ethics, and professionalism standards, guided by exemplary executive leadership and strategy.
Simultaneously, the Bank ensures that internal controls, risk management, and compliance with Shariah rules and principles govern all of its initiatives, including Sadaqa House.
To achieve these objectives, the Board adheres to the requirements of BNM's Corporate Governance Policy issued on 3 August 2016, the Malaysian Code of Corporate Governance 2021, and other relevant conditions outlined in respective policy documents by BNM.
Thank You
To all our changemakers, partners and collaborators.
Majlis Agama Islam Wilayah Persekutuan | Majlis Agama Islam Selangor | Majlis Agama Islam Melaka | Majlis Agama Islam Negeri Johor | Majlis Agama Islam Negeri Kedah | Majlis Agama Islam Negeri Sembilan | Majlis Agama Islam Negeri Pulau Pinang | Majlis Islam Sarawak | Majlis Agama Islam dan Adat Istiadat Melayu Kelantan | Majlis Agama Islam dan Adat Istiadat Melayu Perlis | Majlis Agama Islam dan Adat Melayu Perak | Majlis Agama Islam dan Adat Melayu Terengganu | Majlis Ugama Islam dan Adat Resam Melayu Pahang | Majlis Ugama Islam Sabah
Lembaga Zakat Negeri Kedah (LZNK) | Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP) | Pusat Kutipan Zakat Pahang | Zakat Pulau Pinang | Tabung Baitulmal Sarawak
Permodalan Nasional Berhad (PNB) | Bank Pembangunan Malaysia Berhad | Waqaf An-Nur Corporation Malaysia Professional Accountancy Centre (MyPAC) | Jabatan Penjara Malaysia | Persatuan Pengasih Malaysia Hub Usahawan Pahang
Support Our Mission
Join us in creating a brighter future for orphans. Learn more about our initiatives and how you can make a difference.