Eq8 Unveils World’s First Waqf ETF To Drive Socio-Economic Impact Investing

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 10 December 2024 – Eq8 Capital Sdn Bhd (“Eq8“), a member of Kenanga Investors Group (“Kenanga Investors”), has announced the listing of the world’s first Waqf-featured exchange-traded fund (“ETF“), the Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF (“Waqf ETF” or “EQ8WAQF“), on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “Exchange“). The Waqf ETF aims to distribute income annually with half of the income distribution to be allocated as Waqf assets with the remaining half payable to unitholders. The launch is the result of a strategic collaboration between Eq8 and Yayasan Waqaf Malaysia (“YWM“) which was announced in June this year with YWM as the appointed Waqf administrator of the Waqf assets generated by the Waqf ETF.