Kuala lumpur: Bank Negara Malaysia Governor Dato' Sri Abdul Rasheed Ghaffour today launched the iTEKAD Protection Programme at the Global Islamic Finance Forum (GIFF) 2025, marking a significant milestone in Malaysia's social finance journey and reinforcing the nation's leadership in Islamic finance.

According to BERNAMA News Agency, announced under Budget 2025, the Government has allocated RM5 million as a matching grant to provide Takaful and insurance protection to targeted segments. This initiative further expands the iTEKAD umbrella programme, first introduced in 2020, to now include a risk protection component that safeguards both lives and livelihoods.