KUALA LUMPUR: The Retirement Fund Inc (KWAP) will allocate RM300 million to develop wakaf land, through Wakaf Madani that was announced in the 2025 Budget (Belanjawan 2025).
Chief executive officer Datuk Nik Amlizan Mohamed said the allocation will also be used to build independent retirement homes, in a bit to enhance the quality of life for pensioners.
"As 'Your Retirement Companion', we at KWAP believe that everyone deserves a dignified and secure retirement, and this initiative will help our pensioners access a safe and nurturing environment where they can live with comfort and respect," she said in a statement.
She welcomes the 2025 Budget, saying it reflects a genuine commitment to revitalising the economy, driving meaningful change, and uplifting the socio-economic well-being of all Malaysians.
The focus on inclusive growth and sustainable progress, is a powerful statement that every Malaysian deserves the opportunity to thrive, she said.
"We are also honoured to support the GEAR-uP initiative. Through our RM6 billion Dana Pemacu, we will strengthen the domestic private market by focusing on private equity, infrastructure, and real estate investments.
"In the coming year, we will make an initial investment of RM500 million each under a co-General Partner (co-GP) collaboration model, targeting eight key sectors including energy transition and advanced manufacturing," she added.
Under Dana Perintis, she said KWAP will be investing RM1 billion to bolster local start-up companies.
"By fostering local start-ups, we are creating opportunities, generating jobs, and nurturing a thriving ecosystem that will support our nation's growth for years to come," said Nik Amlizan.