KUALA LUMPUR: The Malaysian Islamic Economic Development Foundation (YaPEIM) has suggested that an “open trading” initiative which begins tomorrow in the Federal Territories be implemented in all states.
Foundation chairman Mohd Redza Shah Abdul Wahid said the initiative was a good opportunity for residents of Kuala Lumpur, Putrajaya and Labuan to open stalls or businesses on a small scale and take advantage of the permission given as best as possible.
“Such implementation should be applied in all states, as long as it complies with the SOPs and ensures cleanliness,” he said in a statement here today.
On Tuesday, Federal Territories Minister Annuar Musa announced that residents were allowed to conduct their business at any suitable area in the three territories from Nov 15.
However, traders need to apply for a temporary business licence valid for six months at the Kuala Lumpur City Hall website.
Redza said YaPEIM through Ar Rahnu YaPEIM also provided support in the form of gold-based financing to those affected by Covid-19.
Those who have lost their source of income can use an online sales platform through CMASA.my as an additional option besides opening trading stalls, he said.