Malaysia legislation

Section 37

of Wakaf State Sabah Enactment 2018

Section 37

(1)

For the purpose of this Enactment, the Majlis shall establish a fund to be known as the

“WakafFund”.

(2)

(3)

The Wakaf Fund shall consist of –

(a)

all mawquf;

(b)

benefit, profit or interest obtained from any mawquf in which the Majlis is the mawquf ‘alaih;

(c)

money or value acquired through istibdal;

(d)

contribution and proceeds of wakaf shares, wakaf sukuk and any other valuable security instruments, and profits from investments, under any wakaf schemes;

(e)

all compensations obtained under this Enactment;

(f)

provisions or contributions received from any party for any purpose of wakaf; and

(g)

all contributions or other monies lawfully received by the Board under this

Enactment.

Read in full context — Wakaf State Sabah Enactment 2018 →