Awareness Level of Hibah Among Women and the Important Practice of Hibah for Family Sustainability

PETALING JAYA, April 1, 2024 - In conjunction with the Ramadan iftar celebration, Sedania Innovator Berhad ('SEDANIA' or 'Group') and its wholly-owned subsidiary, SEDANIA As Salam Capital, organized a knowledge-sharing session to highlight the importance of hibah, particularly among women and single mothers. The SEDANIA Ramadan Iftar event was held in collaboration with members of Persatuan Ibu Tunggal Bandar Tun Razak, Pertubuhan Ibu Tunggal Kebangsaan Malaysia Parlimen Kelana Jaya and Persatuan Anak Yatim & Ibu Tunggal Nur Hikmah.

The SEDANIA Ramadan Iftar, an annual program held at Villa Zamara, Kg. Sungai Penchala, Selangor, reflects the Group's dedication to empowering women, recognizing the sacrifices of single mothers in raising their children, especially those striving to ensure the family's livelihood. The program also emphasizes the importance of hibah in ensuring financial stability and a more secure future for continuing life with children. "Institution of the family is the cornerstone of our society. As we observe the fast in Ramadan, we do not forget our CSR responsibility to extend assistance to those in need, while also fostering ties with the single mothers' community," said Datuk Azrin Mohd Noor, CEO of SEDANIA.

The SEDANIA Ramadan Iftar program is a collaboration with the Rosni Noor Foundation in welcoming Ramadan with orphaned children from the Baitul Fitrah Orphanage Home. Puan Nisa Ismail, CEO of SEDANIA As Salam Capital, stated, "The SEDANIA Ramadan Iftar program is a medium to strengthen our commitment to education and deeper understanding of the potential of hibah as a strategic mitigation step before anything happens to the head of the family. Hibah is not just leaving an inheritance or legacy, but it brings peace and can prevent disputes among family members. With proper knowledge and careful preparation, every woman can become a protector of her children and plan the future of her family more responsibly."Nisa added, "With the estimated frozen asset value of inheritance among the Muslim community reaching RM90 billion, we hope this effort will benefit and raise awareness about the importance of hibah among women and single mothers for the sustainability and better future. Every initiative we undertake is a step towards building a community that prioritizes women's rights, becoming more compassionate individuals, and caring for each other for the integrity of the family institution."

"We also want to emphasize how important hibah is as an effective financial planning instrument in maintaining family harmony, especially for single mothers to raise their children more stably. Without early preparation, their fate may not be defended and often neglected due to financial constraints. "In addition, we are committed to showing that hibah is not just a legacy or family inheritance, but also ensures the welfare and future of children raised by single mothers to enjoy learning and self-development like other children." Tuan Haji Ariffin Sabirin, CEO of Wasiyyah Shoppe Berhad, said, "As experts in estate planning according to Islamic law, we at Wasiyyah Shoppe place great emphasis on the importance of hibah as a tool for protecting the future of families, especially for women, wives, and single mothers."

As the exclusive business partner of SIB for hibah products, Wasiyyah Shoppe recently obtained approval from the Syariah High Court of Johor for the approval of the world's first paperless hibah deed mobile app. This approval is a Landmark Case (also the first case) in Malaysia because it proves that digital hibah deeds without paper can be accepted as valid and enforceable hibah deeds according to Islamic law. With this, the process of adapting digital hibah can be expanded and accelerated among the Muslim community and also help reduce the value of frozen assets or inheritances in Malaysia. This development will also enhance the Group's financial performance in the near future.

In addition to the knowledge-sharing session, the SEDANIA Ramadan Iftar program also celebrated 30 orphans from Rumah Anak Yatim Baitul Fitrah in close cooperation with the Yayasan Rosni Noor, to share love and compassion together in this holy and blessed month. In line with the core value of family, the Group also launched the "SEDANIA Extended Family Programme" to give all SEDANIA employees the opportunity to become foster families for orphans and beneficiaries. This effort marks the beginning where all SEDANIA employees can provide support and shape positive lives for these orphaned children.

Finally, many thanks to Neoliner Sdn Bhd, who sponsored transportation for single mothers' associations to attend the event safely.

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About SEDANIA Innovator Berhad ("SIB")
SIB is an investment holding company focusing on sustainability businesses. Since its listing in 2015 on the ACE Market of Bursa Malaysia, the Group has invested in innovative businesses that contribute to sustainability and carbon reduction, thus contributing to a greener economy.

The Group is driven by its core business in sustainable consumer goods and services, consumer-centric: Offspring Inc Sdn Bhd, Tanamera Group Sdn Bhd, and SEDANIA As Salam Capital Sdn Bhd (SASC).

Offspring, a sustainable health product, offers a variety of products with over 170 SKU made from environmentally friendly materials and biodegradable packaging available on three international continents.

Tanamera sets standards in premium, natural personal care by blending Asian traditions with ecologically tropical herbs to serve customers at an international level.

SASC, a leader in the digital financial revolution, encompasses nearly 95 financial service institutions with innovative FinTech solutions and the GoHalal Financing Program to enhance financial inclusivity and well-being.

These core pillars emphasize SEDANIA's steadfast commitment to innovation, sustainability, and the provision of consumer-centric goods and services.

To learn more about Sedania's innovations and offerings, please visit:
https://www.sedaniainnovator.com
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https://www.instagram.com/sedaniainnovatorbhd/
https://www.linkedin.com/company/sedania-innovator-berhad/


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About Yayasan Rosni Noor
A Welfare Organization and Non-Governmental Organization (NGO) dedicated to providing financial assistance and supporting comprehensive development for three main categories: orphans, children of single mothers in need, and disadvantaged communities including converts (those who have newly embraced Islam).

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