INCEIF University has continued to investigate workable initiatives to incorporate Islamic social finance (ISF) as a solution to address socio-economic challenges, particularly in the post-pandemic world, and execute workable long-term projects to address poverty among vulnerable groups in society. The project, spearheaded by the University’s Centre of Excellence for Islamic Social Finance in collaboration with Maybank Islamic, commenced in late 2021, targeting 60 urban poor in Bandar Rinchin, Semenyih, with a minimal investment of RM90,000.
The location was chosen due to the readily available land and effective local network, which comprised the local mosque’s committee and Rukun Tetangga members. The project was then extended in 2023 (under Urban Farming 2.0) to four new sites in Selangor and Kelantan with a larger allocation of RM260,000.