The idea of Sadaqa House was first mentioned by the Royal Award winner of Islamic Finance 2014, Dato Dr. Abdul Halim Ismail during his speech in the Global Islamic Finance Forum 2014. Realising the importance of Sadaqa House, IRCIEF, has taken the initiative as the first institution to take up the idea on venturing in Sadaqa House. The Sadaqa House model research has been conducted on 2015 until 2017. In 2018, Bank Islam Malaysia Berhad (BIMB) has become the first bank in Malaysia to launch Sadaqa House as one of their banking product