Theta Edge Berhad

theta edge promoTheta Edge Berhad is one of Malaysia's earliest ICT service providers and is a member of the Lembaga Tabung Haji Group. Established in 1984, the Group made its debut on the Second Board of the then Kuala Lumpur Stock Exchange on 1 March 1994 and moved to the Main Board on 1 November 1999 (now known as Main Market) and is currently categorised under the Technology sector of Bursa Malaysia Securities Berhad.

Theta Edge Berhad's subsidiary companies are involved in four (4) main competencies in the ICT segments:

  • System Integration and turnkey solutions
  • Managed services
  • Distributions
  • Application development & Intellectual Properties
  • Communication Provider

Read more at: www.theta-edge.com

Islamic Corporation for the Development of the Private Sector

icd promoIslamic Corporation for the Development of the Private Sector (ICD) is a multilateral organisation affiliated with the Islamic Development Bank (IDB) Group. It is authorised capital stands at $2.0 billion. Its shareholders consist of the IDB, 51 member countries, and five public financial institutions. Headquarters in Jeddah, ICD was established by the IDB Board of Governors during its 24th annual meeting held in Jeddah in Rajab 1420 (November 1999).

The mandate of ICD is to support the economic development of its member countries through provision of finance to private sector projects in accordance with the principles of the Shari'ah law. ICD finances projects that are specifically geared to creating employment opportunities and boosting exports. Furthermore, ICD mobilises additional resources for projects and encourages the development of Islamic financing and capital markets. It also attracts co-financiers for its projects and provides advice to governments and private sector groups on policies aimed at encouraging the establishment, expansion and modernisation of private enterprises, development of capital markets, best management practices and enhancing the role of market economy.

Read more at: www.icd-idb.com

Lembaga Tabung Haji

th promoLembaga Tabung Haji, formerly known as Lembaga Urusan dan Tabung Haji, is the Malaysian hajj pilgrims fund board. Lembaga Tabung Haji facilitates savings for the pilgrimage to perform their Hajj through investment in Shari'ah compliant vehicles.

Lembaga Urusan dan Tabung Haji was incorporated under Act 8, Akta Lembaga Urusan dan Tabung Haji 1969 with the aim to:

  • facilitate Muslims to save money progressively, to cover the expenses of performing the Hajj or other useful expenses;
  • facilitate Muslims, through their deposit of monies, to have more effective access to investment in ways that are permitted in Islam; and
  • provide for the security, monitoring and welfare to the pilgrims who perform the Hajj by providing various facilities and services.

On 1 June 1995, a new Act 535, Akta Lembaga Tabung Haji 1995 was enacted to replace the previous act to broaden the scope and role of Lembaga Tabung Haji.

Based on the said aims, Lembaga Tabung Haji has set its goals as providing excellent, wholesome and satisfactory services to Malaysian pilgrims in performing their Hajj; to give maximum returns to depositors.

Read more at : www.tabunghaji.gov.my

Islamic Development Bank

Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Q'adah 1393H, corresponding to December 1973.

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah.

The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorised to accept deposits and to mobilise financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah.

Read more at: www.isdb.org

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