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E-Wakalah's Purpose-Bound Money (PBM) solution is powered by MasChain, Masverse's public-permissioned Layer-1 blockchain designed to support national-scale trust and complicance infastructure.
The model gained national recognition when E-Wakalah's Purpose-Bound Money solution was named the Social Resilience Track Winner of the Malaysia Internation Islamic was named the Social Resilience Track Winner of the Malaysia International Islamic Financial Centre (MIFC) Global Impact Challenge 2025, organised by Bank Negara Malaysia (BNM) and the MIFC Leadership Council.
https://www.bnm.gov.my/-/mifcgic25
A proven POC with Lembaga Zakat Selangor (LZS) further validates the PBM approach, demonstrating measurable improvements in fund integrity, traceability, and real-time distribution performance.
Blockchain Transparency
With MasChain, every transaction is recorded in real-time, enabling complete visibility and accountability. Donors and stakeholders can track the movement of funds from contribution to disbursement, fostering trust at every step.
Smart Contract Automation
Automation powered by smart contracts eliminates manual errors and delays. It ensures that all transactions adhere to predefined Shariah-compliant rules, guaranteeing seamless and accurate fund allocation.
e-KYC Verification
Efficient digital onboarding with e-KYC verification ensures that all beneficiaries are validated and authenticated, maintaining the integrity of the fund distribution process.
Transparency in Real-Time
By integrating blockchain technology, Masverse e-Wakalah allows stakeholders to track every Zakat transaction in real time, ensuring the utmost clarity in fund management.
Unmatched Efficiency
Traditional Zakat distribution processes can be time-consuming. e-Wakalah reduces distribution time by up to 90%, enabling beneficiaries to receive their funds instantly.
Instant Fund Distribution
Beneficiaries no longer have to wait for lengthy bureaucratic processes. With e-Wakalah, funds are distributed seamlessly, ensuring timely assistance.
Data-Driven Digitalization
Digital tools collect and analyze data efficiently, supporting better reporting and decision-making for Zakat fund management.
Masverse e-Wakalah sets a new benchmark for efficiency and transparency in global Zakat fund management. By automating every step of the process, e-Wakalah ensures that funds reach the beneficiaries who need them the most—quickly, securely, and Shariah-compliantly. This transformative solution reflects a shared vision to enhance the impact of Islamic social finance, making it more effective and meaningful.
Join the Future of Zakat Fund Distribution
Masverse welcomes collaboration with global partners committed to strengthening Islamic social finance through trusted and innovative digital infrastructure.
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