Loading...
Loading...
Muslim Aid Malaysia (L) Foundation operates under the Labuan Foundations Act 2010 (LFA 2010). This Policy governs the ethical acceptance, due diligence, segregation, and disbursement of all public, corporate, and Zakat contributions.
As a registered foundation under the Labuan Foundations Act 2010 (LFA 2010), Muslim Aid Malaysia (L) Foundation adheres to strict institutional accountability, financial transparency, and fiduciary duty. This SOP establishes clear controls for accepting, recording, segregating, and deploying donated capital in compliance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) and international FATF standards.
Funds originating from illegal activities, unverified third-party accounts, or money laundering attempts are immediately frozen and returned.
Any individual or organisation listed on United Nations Security Council (UNSC) or Ministry of Home Affairs (MOHA) sanction lists.
Contributions derived from gambling, alcohol, interest (riba) operations, or activities violating Islamic ethical principles.
Anonymous cash transfers exceeding RM 1,000 without verifiable donor origin are escalated to the Foundation Supervisory Person.
Allocated across MAM's 5 Strategic Pillars: Education, Child Protection, Livelihoods, Emergency Relief, and Advocacy.
Donor-specified contributions are directed to the chosen appeal, disaster fund, or learning hub.
Shariah-governed Zakat funds are kept in segregated accounts and distributed to eligible Asnaf under SCM-Approved Shariah Advisor oversight.
Strict administrative overhead cap of 10%–15% to ensure maximum direct beneficiary impact and fiscal efficiency.
Every verified contribution generates a unique printable A4 PDF receipt (MAM-REC-YYYY-XXXXXX) containing a receipt reference, donor details, and official foundation seal.
All foundation financial ledgers undergo mandatory annual external auditing by independent Labuan FSA approved auditors prior to annual filings.
Gated reporting channel restricted to Safeguarding Officers & Council Members for reporting financial irregularities or governance breaches under 100% confidentiality.