世界银行-iTEKAD：进军社会金融（英）

iTEKADMaking Inroads IntoSocial FinanceJUNE 2025In collaboration withWhat’s Been Achieved, What’s Been Learnedand Where We Go From There Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedJUNE 2025In collaboration withiTEKAD : MAKING INROADSINTO SOCIAL FINANCEWhat’s Been Achieved, What’s Been Learned andWhere We Go From There© 2025 International Bank for Reconstruction and Development / The World Bank1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet: www.worldbank.orgThis work is a product of the staff of The World Bank with external contributions. The findings, interpretation, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omission, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusion set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.Rights and PermissionsThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced in whole or in part, for noncommercial purposes as long as full attribution to this work is given.Attribution: Please cite the work as follows: Johan Arief Jothi, Shahira Zaireen Bt and Aminan, Puteri Zahrah. (2025). iTEKAD: Making Inroads Into Social Finance, World Bank.Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org.Cover photo: © Nur Ashikin Binti Hussin @ EurekartStudio. Used with the permission of Nur Ashikin Binti Hussin. Further permission is required for reuse. Cover design and layout: Joe Art Studio2 iTEKAD: Making Inroads Into Social FinanceWhat’s Been Achieved, What’s Been Learned and Where We Go From ThereAcknowledgementsThis report was prepared by a World Bank team consisting of Shahira Zaireen Bt Johan Arief Jothi (task team leader) and Puteri Zahrah Aminan. Valuable inputs were provided by Abayomi A. Alawode, Marie Stella Ambrose, Adriana Asmaa Binti Mohd Ezane, and Philbert Tiki Yong, and peer reviewers Aamir A. Rehman, T