THREE INVESTIGATORS BUILD UPDATED ENERGY COST APPLICATIONPublished on Tuesday, January 24, 2023
24 JANUARY 2023 - Three researchers from Universiti Tenaga Nasional (Uniten) and the Department of Wakaf, Zakat and Hajj (Jawhar) developed the Green Waqf Waste Management Application System (GWWMS) based on the first sharia principles in the country.
GWWMS will be the main source of reference among waqf organizations not only in this country but also around the world as a new instrument in the assessment of the Waqf Fund Tube that is being monitored.
Speaking to Utusan Malaysia, Chief researcher, Siti Fara Fadila Abd. Razak from Uniten said the application was developed with two other researchers, namely Director Jawhar, Hairolanuar Mohamad and Jawhar Officer, Hafizah Muhamad.
GWWMS is an electronic system specially developed for waqf departments especially throughout the country to finance renewable energy projects.
"This system provides an alternative option to finance renewable energy projects as well as maximise sukuk instruments. It can also maximise waste management where the proceeds from waste recycling can be contributed back to waqf projects especially those that support renewable energy projects.
"In addition, this system is able to convince the participants of a transparent process applied by the Department of Waqf in managing the entrusted waqf funds," he said.