Waqaf An-Nur Corporation Berhad
- Company typePrivate
- Founded2006
- HeadquartersJohor Bahru, Malaysia
- Headcount11–50
- GTM typeB2C
- OfferingServices
Waqaf An-Nur Corporation Berhad firmographics
Firmographics- Name
- Waqaf An-Nur Corporation Berhad
- Legal name
- Waqaf An-Nur Corporation Berhad
- Website
- https://waqafannur.com.my
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Waqaf An-Nur Corporation Berhad industry classification
Industry- Product category
- Islamic Social Finance and Waqf Management
- NAICS
- Trusts, Estates, and Agency Accounts (525920), Funds, Trusts, and Other Financial Vehicles (525), Health and Welfare Funds (525120)
- SIC
- Finance Services (6199), Hospital & Medical Service Plans (6324), Services-Membership Organizations (8600)
- akta.pro primary industry
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
- akta.pro secondary industries
- Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic SME & Commercial Banking (FSABAGAB), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)
Keywords
Where Waqaf An-Nur Corporation Berhad is headquartered
LocationHeadquarters
- HQ city
- Johor Bahru
- HQ country
- Malaysia
- HQ region
- Asia
Offices6 records
Markets served
Waqaf An-Nur Corporation Berhad business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Wakaf Contributions and Donations: Waqaf An-Nur receives wakaf (charitable endowment) contributions from individuals, corporations, and government bodies. These funds are managed as Dana Waqaf An-Nur and used for ummah development programs. In 2025, RM10,368,031.09 was distributed from Dana Waqaf An-Nur. Revenue is generated from managing and growing the wakaf asset base, which exceeded RM1.2 billion as of January 2025.
- Wakalah Zakat Management: Waqaf An-Nur acts as an agent (wakil) for managing corporate zakat (Islamic almsgiving) from entities such as Johor Corporation, Majlis Agama Islam Negeri Johor, Tenaga Nasional Berhad, Amanah Saham Nasional Berhad, and Suruhanjaya Syarikat Malaysia. In 2025, Waqaf An-Nur received RM4,182,832.40 in wakalah zakat mandates.
- Dana Awam (Public Donations and Crowdfunding): Public donations received through mosque networks (Rangkaian Masjid An-Nur), clinic donation boxes, and strategic partner fundraising. In 2025, RM13,361,441.25 was received from Dana Awam sources.
- Ar-Rahn Islamic Pawnshop (Waqaf An-Nur Gold Sdn Bhd): Ar-Rahnu (Islamic pawnshop) operations providing microcredit against gold collateral. For FY2025, WAN Gold recorded revenue of RM2.30 million (up 20% from RM1.92 million in 2024), profit before tax of RM1.02 million, and profit after tax of RM826 thousand. The company wakafates 5% of trading profits to Waqaf An-Nur's social programs.
- Wakaf Asset Investment and Reinvestment: Waqaf An-Nur generates returns through investment of wakaf assets across equities (portfolio investments in KPJ Healthcare, Al-Aqar Healthcare REIT, Al-Salam REIT, Larkin Sentral Property), real estate (office units, commercial buildings, land), and equity trading. Reinvestment portfolio totals RM230.38 million including equity investments, IPO participation, office/retail rental (RM53.26 million in shops/offices, RM53.10 million in land), and ar-rahnu/ gold investments.
- Dana Niaga Microfinance: Islamic microfinance products including Qardhul Hassan (Benih Niaga: RM1,500 for 15 months; Pembiayaan Berperingkat: RM3,000-RM5,000 for 24-25 months) and Murabahah Tawarruq (RM7,000-RM20,000 for 36-60 months at 4%-6%). Total financing disbursed: RM2.02 million to 637 beneficiaries.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Annual | Individual membership - Ordinary Member |
| One time/ perpetual license | Annual | Individual membership - Honorary Member |
| One time/ perpetual license | Annual | Corporate membership - Basic |
| One time/ perpetual license | Annual | Corporate membership - Fiddhah |
| One time/ perpetual license | Annual | Corporate membership - Zahab |
| Unit Pricing | Pay-as-you-go | Outpatient clinic consultation (KWAN) |
| Unit Pricing | Pay-as-you-go | Dialysis treatment (KWAN) |
| Unit Pricing | Multi-year contract | Qardhul Hassan - Benih Niaga microfinance |
| Unit Pricing | Multi-year contract | Qardhul Hassan - Pembiayaan Berperingkat microfinance |
| Unit Pricing | Multi-year contract | Murabahah Tawarruq microfinance |
| Usage-based | Pay-as-you-go | An-Nur Gold online gold trading |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels9 records
Waqaf An-Nur Corporation Berhad product offering
Product offeringCore offering
Waqaf An-Nur Corporation Berhad is an Islamic social enterprise that manages wakaf (endowment) assets and delivers Shariah-compliant community services including subsidized healthcare through KWAN clinics, Islamic microfinance via Dana Niaga, gold-backed pawnbroking through Ar-Rahnu FLASH, digital gold trading via An-Nur Gold, and welfare distribution programs targeting asnaf and B40 communities in Malaysia. The corporation acts as Nazir Khas (Special Trustee) appointed by Majlis Agama Islam Negeri Johor and operates with over RM1.2 billion in wakaf assets under management.
Product overview
Waqaf An-Nur Corporation Berhad is an Islamic waqf (endowment) management corporation operating as a platform of interconnected Shariah-compliant products and community programs. The portfolio comprises: (1) Wakaf Investment Products including Hibah Lil Waqaf, PMB An-Nur Waqf Income Fund (PAWIF), and Pewakafan Yuran Keahlian; (2) Islamic Financial Services featuring Ar-Rahnu FLASH pawnshop network and An-Nur Gold online gold trading platform; (3) Healthcare Services through Klinik Waqaf An-Nur (KWAN) clinics, Dialisis@myRumah, and An-Nur Care takaful protection; (4) Micro-enterprise Development via Dana Niaga micro-financing, Pusat Waqaf Komuniti (PWK) skills training, and Waqaf Tani Komuniti farming program; and (5) Welfare Distribution through Dana Kebajikan Am. The company manages over RM1.2 billion in waqf assets and has distributed over RM102 million for community development since 2006.
Differentiator
Problem solved
Functional benefit
Brands
- Klinik Waqaf An-Nur (KWAN): Healthcare clinics providing affordable medical services, including dialysis at RM130 and outpatient services at RM10. KWAN has 21 clinics including 10 mobile clinics across Malaysia.
- Ar-Rahnu FLASH
- Ar-Rahn
- An-Nur Gold
- Dana Niaga
- An-Nur Care
- Dialisis@myRumah
- Pusat Waqaf Komuniti (PWK)
- Waqaf Tani Komuniti
- Briged Waqaf
Products and services
- Klinik Waqaf An-Nur (KWAN) A network of 21 subsidized healthcare clinics (including 10 mobile clinics) providing outpatient consultations at RM10 per visit and dialysis treatment at RM130 per session, supported by KPJ specialist hospitals. Open to all patients with 7% being non-Muslim, targeting asnaf and B40 underserved communities.
- Dana Niaga Islamic Microfinance Islamic micro-financing facility offering Qardhul Hassan (interest-free loans: Benih Niaga RM1,500 for 15 months, Pembiayaan Berperingkat RM3,000-RM5,000 for 24-25 months) and Murabahah Tawarruq (RM7,000-RM20,000 for 36-60 months at 4%-6% profit rate) to micro-entrepreneurs. Total financing of RM2.02 million disbursed to 637 beneficiaries.
- Ar-Rahnu FLASH / Ar-Rahn Islamic Pawnshop Shariah-compliant pawnshop (Ar-Rahnu) services offering micro-loans against gold collateral. Operated through Waqaf An-Nur Gold Sdn Bhd across five branches in Johor. WAN Gold recorded FY2025 revenue of RM2.30 million with 5% of trading profits wakafated to social programs.
- An-Nur Gold Digital Gold Trading Platform Shariah-compliant online gold trading platform monitored by SALIHIN Shariah Advisory and Waqaf An-Nur Shariah Expert Committee. Features 24-hour buy/sell transactions with real-time LBMA gold pricing, minimum purchase of RM10, 1% per annum storage fee, physical gold withdrawal from 0.5g to 100g, free registration, and automatic wakaf contribution from customer transactions.
- Dialisis@myRumah Home Dialysis Program Automated Peritoneal Dialysis (APD) program enabling underprivileged dialysis patients to receive treatment at home, reducing infection risks and enabling return to work. Operated in partnership with Capaian Aspirasi Sdn Bhd (project management) and Lucenxia (M) Sdn Bhd (medical equipment supplier).
- An-Nur Care Group Takaful Plan Free Shariah-compliant group takaful plan providing outpatient clinic coverage for eligible asnaf recipients aged 1-100 years. Offered in partnership with Prudential BSN Takaful without underwriting requirements, providing medical protection to the underserved.
- Hibah Lil Waqaf
Quantifiable outcome
- RM102 million+ distributed since 2006, benefiting 2+ million recipients
- +4 more outcomes
Companies that use Waqaf An-Nur Corporation Berhad
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
Waqaf An-Nur Corporation Berhad technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Waqaf An-Nur Corporation Berhad partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered major, supporting and core.
- Capaian Aspirasi Sdn. Bhd.majorStrategic partner for Dialysis@myRumah program implementing Automated Peritoneal Dialysis (APD) for underprivileged dialysis patients. Capaian Aspirasi (a JCorp subsidiary with 75% shares wakafated to Waqaf An-Nur) serves as project manager and handles patient acquisition from Johor public hospitals.
- Lucenxia (M) Sdn BhdmajorMedical equipment supplier providing APD (Automated Peritoneal Dialysis) machines for the Dialysis@myRumah program. Also provides nursing support and patient monitoring services as part of the home dialysis program.
- Suruhanjaya Syarikat Malaysia (SSM)supportingSSM provides Wakalah Zakat corporate zakat funding for Waqaf An-Nur's entrepreneur development programs (RM6.49 juta allocation). SSM's peruntukan supports micro-enterprise training and grants for asnaf entrepreneurs in Johor and Melaka.
- Koperasi Permodalan Kelantan Berhad (KoPKB)supportingKoPKB partnered with Waqaf An-Nur to open Ar-Rahn Tampoi (opened January 25, 2022) and Ar-Rahn Segamat (opened April 13, 2025) branches under the Ar-Rahn FLASH brand.
- Larkin Sentral Property Sdn BhdsupportingLarkin Sentral Property (100% owned by Waqaf An-Nur) owns the Larkin Sentral transportation terminal and market complex. Total paid-up capital of RM96,061,160 with total asset value of RM209 million as of December 31, 2023. Building sits on 16.23 acres of land.
- KPJ Healthcare BerhadcoreKPJ Healthcare Berhad is the primary healthcare partner for Klinik Waqaf An-Nur (KWAN). KWAN clinics are fully supported by KPJ's specialist hospitals. KWAN operations are coordinated by a KWAN Coordination Committee chaired by KPJ Senior Management. KPJ is a major asset in Waqaf An-Nur's Ain Wakaf portfolio (RM680.22 million, 7.03% value share).
- Majlis Agama Islam Negeri Johor (MAIJ)coreMAIJ appointed Waqaf An-Nur as Nazir Khas to manage wakaf assets and as wakalah agent for corporate zakat collection. MAIJ is a major contributor to Waqaf An-Nur's Wakalah Zakat fund (RM4,182,832.40 in 2025).
- Johor CorporationcoreJohor Corporation (JCorp) originally donated wakaf assets/shares to Waqaf An-Nur at establishment in 2006 and continues as a major corporate zakat contributor through Wakalah arrangements. JCorp's group companies (KPJ, Al-Aqar REIT, Al-Salam REIT, Larkin Sentral Property) form the core of Waqaf An-Nur's wakaf asset ecosystem.
- Prudential BSN Takaful Berhad (PruBSN)coreStrategic partnership for An-Nur Care, a free Shariah-compliant group takaful plan providing outpatient clinic coverage for eligible asnaf aged 1-100 years. PruBSN (company registration 200601020898 / 740651-H) co-designed the product with Waqaf An-Nur to provide medical protection for the underserved.
- Tenaga Nasional Berhad (TNB)supportingMajor contributor to Waqaf An-Nur's Wakalah Zakat fund through corporate zakat mandates.
- Amanah Saham Nasional Berhad (ASNB)supportingContributes to Waqaf An-Nur's Wakalah Zakat fund through corporate zakat mandates.
- SALIHIN Shariah AdvisorycoreShariah advisory firm that monitors and approves the An-Nur Gold digital gold trading platform as Shariah-compliant, alongside Waqaf An-Nur's own Shariah Expert Committee.
- Al-Aqar Healthcare REITsupportingAl-Aqar Healthcare REIT is part of Waqaf An-Nur's Ain Wakaf portfolio with RM18.22 million in value (2.173% of portfolio). Al-Aqar is managed by Damansara REIT Managers Sdn Berhad, a JCorp group company.
- Al-Salam Real Estate Investment TrustsupportingAl-Salam REIT is part of Waqaf An-Nur's Ain Wakaf portfolio with RM16.83 million (9.96% share). Al-Salam REIT holds 54 properties across Malaysia including shopping malls, office buildings, and F&B outlets.
- AgrobanksupportingAgrobank provides Wakalah Zakat funding for the Aris Burger entrepreneur development program alongside JCorp's business zakat.
- Bank Muamalat Malaysia BerhadsupportingOne of the banking channels for Dana Klinik Waqaf An-Nur donations. Account: 01010003208718.
- Bank Islam Malaysia BerhadsupportingOne of the banking channels for Dana Klinik Waqaf An-Nur donations. Account: 1087010009309.
- Maybank Islamic BerhadsupportingOne of the banking channels for Dana Klinik Waqaf An-Nur donations. Account: 5510-1630-1344.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Waqaf An-Nur Corporation Berhad competitors and assessment
Company assessmentBroad incumbents
- Bank Islam Malaysia Berhad: Malaysia's oldest Islamic bank, offering Ar-Rahnu pawnbroking, Murabaha financing, and corporate zakat management services. Comparable in product overlap with Waqaf An-Nur's microfinance and Ar-Rahn operations, but operating as a regulated bank at substantially larger scale.
- Bank Muamalat Malaysia Berhad: Full-fledged Islamic bank operating Ar-Rahnu (Islamic pawnbroking) branches nationwide, alongside Shariah-compliant financing products (Murabaha, Ijara, Tawarruq). Directly comparable on the Ar-Rahnu microfinance and Islamic financing product set that Waqaf An-Nur's Dana Niaga and Ar-Rahn FLASH offer, but at much larger balance-sheet scale.
Direct peers
- Perbadanan Wakaf Selangor: Selangor's state-level wakaf corporation, similarly appointed by the Selangor Islamic Religious Council (MAIS) to manage wakaf assets, collect corporate zakat, and fund ummah development programs. Direct structural and operational peer to Waqaf An-Nur's Nazir Khas model, though operating in Selangor rather than Johor.
- Yayasan Waqaf Malaysia: National-level Malaysian waqf foundation established to coordinate and promote wakaf development across states. Closest national counterpart to Waqaf An-Nur's mandate of scaling Islamic social finance, with overlap in wakaf investment product offerings and corporate fundraising.
- Yayasan Tun Razak: Major Malaysian philanthropic foundation that combines waqf-style endowment management with community development programs (education, enterprise development, community welfare). Comparable in the integrated endowment-plus-community-development model that Waqaf An-Nur operates, though at a different scale and with broader programmatic scope.
- Public Gold Sdn Bhd: Malaysia's leading Shariah-compliant physical and digital gold investment platform, allowing retail customers to buy/sell gold with LBMA pricing. Direct competitor to An-Nur Gold on the digital gold trading proposition, with significantly larger scale, broader product range, and more established marketing presence.
Others
- KPJ Healthcare Berhad: JCorp-owned private specialist hospital group and primary healthcare infrastructure partner for KWAN clinics. Included as a peer/related entity because Waqaf An-Nur's subsidized healthcare delivery model is operationally dependent on KPJ's specialist hospital network and shared clinical systems.
Emerging players
- Prudential BSN Takaful Berhad: Malaysian takaful operator that co-designed the An-Nur Care free group takaful plan with Waqaf An-Nur. Comparable in takaful product design and asnaf/B40 healthcare financing innovation, though PruBSN is the licensed takaful underwriter while Waqaf An-Nur is the distribution/community partner.
- Koperasi Permodalan Kelantan Berhad (KoPKB): Kelantan-based Islamic cooperative and Ar-Rahnu operator that partnered with Waqaf An-Nur to open the Ar-Rahn Tampoi and Ar-Rahn Segamat branches. Peer on Islamic pawnbroking operations and on Shariah-compliant microfinance distribution, operating as a regional Islamic cooperative player.
Regional players
- Majlis Agama Islam dan Adat Melayu Terengganu (MAIDAM) Wakaf Unit: Terengganu state religious council with its own wakaf management arm, administering state-level Islamic endowment assets and corporate zakat. Regional peer to Waqaf An-Nur in terms of state-level wakaf trustee mandate, though operating in a different geography with different sector emphasis.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Waqaf An-Nur Corporation Berhad social profiles
Digital presenceWaqaf An-Nur Corporation Berhad financial estimates
Financial estimateRevenue estimate
Valuation estimate
Waqaf An-Nur Corporation Berhad leadership team
Management profileNumber of profiles
Waqaf An-Nur Corporation Berhad subsidiaries and ownership
Company hierarchySubsidiaries5 records
Waqaf An-Nur Corporation Berhad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Waqaf An-Nur Corporation Berhad M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about Waqaf An-Nur Corporation Berhad
What does Waqaf An-Nur Corporation Berhad do?
Waqaf An-Nur Corporation Berhad is an Islamic social enterprise that manages wakaf (endowment) assets and delivers Shariah-compliant community services including subsidized healthcare through KWAN clinics, Islamic microfinance via Dana Niaga, gold-backed pawnbroking through Ar-Rahnu FLASH, digital gold trading via An-Nur Gold, and welfare distribution programs targeting asnaf and B40 communities in Malaysia. The corporation acts as Nazir Khas (Special Trustee) appointed by Majlis Agama Islam Negeri Johor and operates with over RM1.2 billion in wakaf assets under management.
Is Waqaf An-Nur Corporation Berhad a public or private company?
Waqaf An-Nur Corporation Berhad is a private company. It is classified as corporate owned and is currently operating.
When was Waqaf An-Nur Corporation Berhad founded?
Waqaf An-Nur Corporation Berhad was founded in 2006. It employs 11 to 50 people.
Where is Waqaf An-Nur Corporation Berhad based?
Waqaf An-Nur Corporation Berhad is headquartered in Johor Bahru, Malaysia, in the Asia region.
How does Waqaf An-Nur Corporation Berhad make money?
Six revenue lines are on record. Wakaf Contributions and Donations are the primary driver. The others are wakalah Zakat Management, dana Awam (Public Donations and Crowdfunding), ar-Rahn Islamic Pawnshop (Waqaf An-Nur Gold Sdn Bhd), wakaf Asset Investment and Reinvestment and dana Niaga Microfinance.
Who are Waqaf An-Nur Corporation Berhad's main competitors?
Broad incumbents on record are Bank Islam Malaysia Berhad and Bank Muamalat Malaysia Berhad. Direct peers are Perbadanan Wakaf Selangor, Yayasan Waqaf Malaysia, Yayasan Tun Razak and Public Gold Sdn Bhd. KPJ Healthcare Berhad is listed as an others. Emerging players are Prudential BSN Takaful Berhad and Koperasi Permodalan Kelantan Berhad (KoPKB). Majlis Agama Islam dan Adat Melayu Terengganu (MAIDAM) Wakaf Unit is listed as a regional player.
Does Waqaf An-Nur Corporation Berhad have an API?
No public API is recorded for Waqaf An-Nur Corporation Berhad.
What industry is Waqaf An-Nur Corporation Berhad in?
Waqaf An-Nur Corporation Berhad's product category is Islamic Social Finance and Waqf Management. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam), with a secondary code of FSABAGAG, Islamic Investment Banking & Capital Markets Services. Its NAICS code is 525920 and its SIC code is 6199.