Is endowed money only given or utilized by Muslims?
It is permissible for the benefits of waqf to be given or utilized by non-Muslims as long as it does not violate Shariah law.
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What assurance can be given that the endowed money will be distributed to eligible recipients?
All endowed funds will be transferred to MAIWP (Federal Territory Islamic Religious Council) and distributed for both General Waqf and Specific Waqf purposes as intended by the donor. The Zakat Collection Centre (PPZ) and MAIWP will undergo audits by ...
Can the profit from bank interest be used for Waqf?
The money obtained from the interest rate of conventional banks is classified as Non-Shariah-Compliant Funds, and it must be endowed according to the decision of the Special Federal Territories Sharia Legal Consultative Committee Meeting No. 2/2023
What are the pillars of Waqf?
The pillars of Waqf consist of four main elements: 1. Endower (Wakif): An individual or entity who endows property or assets. 2. Endowed Property (Mauquf): Property or assets given as an endowment for public benefit or specified purposes. 3. ...