Malaysia legislation
Section 39
Section 39
(a)
payment of all costs, charges and expenditure for administration of any wakaf including the cost for maintenance and repair of any mawquf;
(b)
purchase of any property as a wakaf under section 5;
(c)
execution of any wakaf and financing the development of any mawquf subject to any terms and conditions as the Majlis deems fit;
(d)
payment of management expenses including allowance for the members of the
Board;
(e)
payment of any expenses incidental to the management of the Wakaf Fund which supposed to be done by the Board in discharging its functions and powers under this Enactment;
(f)
make investment under the wakaf scheme; or
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reports of Wakaf Fund from time to time.
(3)
The financial year for Wakaf Fund shall begin on 1 January and end on 31 December each year.