Will the accumulated funds for waqf generate any earnings or interest?

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• 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

• Does the endower need to declare the source of the funds they want to waqf?

  The endower does not need to disclose the source of the funds they wish to waqf.

• 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 ...

• What is the definition of Waqf Khairi? Is it different from benevolent waqf?

  Both terms denote a charitable endowment that is created with the intention of promoting social welfare, providing for the needy, supporting educational initiatives, or contributing to other beneficial causes in society. With such Waqf Khairi or ...

• Can waqf be withdrawn or revoked?

  No, the endower cannot withdraw or revoke the possession that has been designated as waqf