KUALA LUMPUR: The Securities Commission Malaysia (SC) has appointed LC Wakaful Digital Sdn Bhd as the first Social Exchange Platform operator in Malaysia.
In a statement today, the SC said the Social Exchange is a key initiative under the new Capital Market Masterplan 2026-2030 (CMP) to broaden access and market participation to social impact financing.
The Social Exchange Platform will provide a structured and transparent avenue for non-profit organisations to raise donations for eligible social projects while enabling donors to have greater visibility over fund utilisation and the projects’ impact, the statement said.
SC chairman Datuk Mohammad Faiz Azmi said the appointment of the Social Exchange Platform operator is a key step towards establishing a market-based, transparent and well-governed platform for non-profit organisations. It is an important milestone in operationalising the exchange.
"With the Social Exchange, we are institutionalising trust in social finance. We are providing a structured avenue for non-profit organisations to scale their impact while giving donors the transparency and confidence to participate in Malaysia’s sustainable development journey,” he added.
This operator’s appointment follows the Prime Minister Datuk Seri Anwar Ibrahim’s announcement in May 2024 on the introduction of the Social Exchange initiative and the successful implementation of the Social Exchange pilot programme in the first half of 2025. - Bernama
