Malaysia Securities Commission (SC) has appointed LC Wakaful Digital Sdn Bhd (LCWD) as Malaysia’s first Social Exchange Platform operator, tasking it with establishing and operating the Social Exchange platform, Impakrintas, to support donation-based social impact financing. LCWD is registered under section 76A of the Capital Markets and Services Act 2007 and will onboard eligible non-profit organisations in line with the Guidelines on Social Exchange Platforms issued on 19 September 2025, when applications for operator registration opened. For the first year of Phase 1, SC will monitor market participation, platform development and viability, and overall market readiness before considering expansion to other operators. Phase 1 is intended to go live on 19 February 2026 and will facilitate direct cash donations from donors to approved non-profit organisations under subsection 44(6) of the Income Tax Act 1967; donations made through the platform will be eligible for equivalent tax treatment under subsection 44(6) and paragraph 13(1) of Schedule 6 of the same Act. Six non-profit organisations are expected to be onboarded at launch, with projects spanning healthcare access, youth sexual and reproductive health education, food security, inclusive livelihoods and environmental sustainability, while later phases are expected to broaden participation and add capital market instruments.
Malaysia Securities Commission 2026-02-12
Malaysia Securities Commission appoints LC Wakaful Digital as first Social Exchange Platform operator ahead of 19 February 2026 go-live
The Malaysia Securities Commission appointed LC Wakaful Digital Sdn Bhd as the first Social Exchange Platform operator to establish Impakrintas, supporting donation-based social impact financing. Phase 1, launching on 19 February 2026, will enable direct cash donations to approved non-profits, with tax benefits under the Income Tax Act 1967, initially onboarding six organisations focusing on healthcare, education, food security, livelihoods, and sustainability.