Sat, Jul 11, 2020
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Islamic Law / Economics more

Malaysia reviews operations of Islamic endowments

Posted on 28 March 2013

The Malaysian government is reviewing the operations of Islamic endowments as it seeks ways to have them run by private corporations instead of religious bodies. Facilitating corporate management of Islamic endowments, known as awqaf or wakaf in Malaysia, is one of several initiatives announced by the government in September to boost the country’s Islamic finance industry.
Awqaf operate social projects such as hospitals, mosques and schools with donations received from Muslims in the form of land, cash or other valuables. Malaysian awqaf hold 11,091 hectares of land valued at 1.2 billion ringgit ($384 million), according to the government’s Department of Awqaf, Zakat and Hajj (JAWHAR)………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2020
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031