“The Malaysia Islamic Economic Development Foundation (Yayasan Pembangunan Ekonomi Islam Malaysia) (YPEIM) was established by the Federal Government on 13 Oktober 1976 and was incorporated under the Trustee (Incorporation) Act 1952.
Following reorganization to drive its potential and diversify its functions, YPEIM was relaunched on 20 July 1984 by the Malaysian prime minister, Dr. Mahathir Mohamad.
Under its Core Socioeconomics and Benevolence Development, YPEIM introduced Dana Inspirasi Malaysia YaPEIM Inspirasiku. This latest initiative would benefit 40,000 schoolchildren and tertiary students nationwide in assisting their preparations for school and varsity terms. Aptly named, the fund helps to inspire children to further their studies at all levels by assisting low-income and B40 families. This initiative, among others, complements efforts done by related government agencies, institutions, communities and families to ensure future generations better education opportunities.“ (Source: Laman web YAPIEM)