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Islamic financial institutions such as banks, insurance and property development should play an active role in finding ways on how waqaf, zakat and sadaqah could be exploited as intruments in the economic transformation of the Muslim ummah.
Sultan of Kedah Tuanku Abdul Halim Mu'adzam Shah gave a statement at the three-day conference themed 'Islamic Banking and Finance: Waqaf, Zakat and Sadakah As Community Empowerment And Strategies For The Economic Transformation Of The Ummah'.