KUALA LUMPUR: Kenanga Investors Bhd's wholly owned subsidiary Eq8 Capital Sdn Bhd and Yayasan Waqaf Malaysia (YWM) today launched the world's first Waqf-featured exchange-traded fund (ETF), the Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF (EQ8WAQF), on Bursa Malaysia Securities Bhd's Main Market.

The Waqf ETF made its debut with a 2 sen premium above its issue price of RM1.00 with 4,000 shares traded.

Eq8 executive director Syed Umar Abdul Rahman Alhadad said the Waqf ETF aims to distribute income annually with half of it allocated as Waqf assets and the remaining half payable to unitholders.

"Investors would have the opportunity to access and achieve dual impact investing goals from the Waqf ETF," he told a press conference after the listing ceremony here today.