Majlis Amanah Rakyat (Mara) has introduced a Shariah-compliant carbon credit framework targeting over 200,000 hectares. The initiative is part of a broader strategic shift toward sustainable growth, with potential revenues estimated at RM450 million by 2030. Beyond carbon credits, the agency is integrating renewable energy partnerships and sustainable investment frameworks into its long-term economic development goals for the Bumiputera community.
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The Shariah-compliant angle is interesting for market design, but the real question is the accounting standard. If they want RM450 million by 2030, they need to be clear on which registry they are using and how they handle permanence.
Agreed. 200,000 hectares is a huge footprint. I wonder if this is mostly avoided deforestation or actual reforestation. The capacity for actual sequestration varies wildly depending on the land type.
Mara is pivoting toward carbon credits and renewables to diversify revenue. It looks like a move to turn social mandates into tradable environmental assets.
The revenue targets sound optimistic. We have seen plenty of large scale carbon projects struggle with verification and actual delivery. Hope they have a concrete pipeline.
