KUALA LUMPUR, Jan 17 (Bernama) -- The Securities Commission Malaysia (SC) launched Malaysia’s first Social Exchange Pilot Programme (SEPP25) with five non-governmental organisations (NGOs) to share data, provide insights, and help develop the Social Exchange.
The NGOs are the Malaysian Association for the Blind, Malaysian Relief Agency, Mercy Malaysia, Suriana Welfare Society Malaysia and World Wide Fund for Nature-Malaysia (WWF-Malaysia).
In a statement today, the SC said the five NGOs will engage with the SC to share data and information and provide inputs on areas the SC has identified as the exchange’s key building blocks.
The SEPP25’s key components include social project fundraising requirements to be fulfilled, (the need for) social impact reports and capacity-building programmes, the statement said.
"Additionally, the fundraising onboarding process based on parameters to be set by the SC will also demonstrate their ability to report project outcomes accordingly.
"These steps will be useful as the SC finalises the relevant requirements for the Social Exchange framework later," it said.
The SC has set up an advisory committee, supported by an implementation committee, to provide guidance and advice throughout the phased approach of the initiative, the SC said.
The SEPP25 is a major step towards establishing Malaysia’s first-ever Social Exchange, a platform to raise funds dedicated to projects via private sector mobilisation or philanthropic capital. It is expected to be operational in 2026.
Prime Minister Datuk Seri Anwar Ibrahim announced it at the Global Forum on Islamic Economics and Finance in May 2024.
SC chairman Datuk Mohammad Faiz Azmi said the initiative strengthens ongoing commitments to achieve sustainable development goals (SDGs) as it aligns with the MADANI Economy framework and Malaysia's ASEAN chairmanship 2025's theme.
The Social Exchange also reinforces Malaysia’s competitive edge and leadership in Islamic finance and strengthens Malaysia’s social impact ecosystem.
The statement said this pilot phase facilitates a platform to offer a credible and transparent path for donors to track their contribution’s impact. It will help ensure that every ringgit drives meaningful change and provides adequate disclosure and reporting.
-- BERNAMA
