Waqf is the permanent dedication by a person of its property for a pious, religious and charitable purpose. In Singapore, Waqf had existed way back since 1826 and the first mosque Omar Kampung Melaka dated 1826 was the first Waqf. It has since been expanding with philanthropist building mosque and bought commercial properties to be rented out in order to create a revenue stream for the maintenance of the mosque that was built.

This created a revenue stream to ensure that these mosques have income for its maintenance and religious activities. This is a socio-religious enterprise model in the early days. However, there were issues raised that the Islamic Religious Council of Singapore (MUIS) had to step in and with that, Waqf revenue began to increase exponentially.

Our experts, Dr Shamsiah Abdul Karim, Waqf Specialist will share about the effort that helped to improve the Waqf system in Singapore and how it should be replicated.

Speaker

Dr Shamsiah Abdul Karim

Waqf Specialist,

Former Head of Zakat and Waqf at the Islamic Religious Council of Singapore

Waqf Highlights included:

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What is the system of Waqf in Singapore
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Contemporary Waqf instruments such as Real Estate Investment Trust (REITs) for Waqf and Cash Waqf
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Role of Waqf in Social and Religious Development
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Way forward for the Development of Waqf

Waqf is the permanent dedication by a person of its property for a pious, religious and charitable purpose. In Singapore, Waqf had existed way back since 1826 and the first mosque Omar Kampung Melaka dated 1826 was the first Waqf. It has since been expanding with philanthropist building mosque and bought commercial properties to be rented out in order to create a revenue stream for the maintenance of the mosque that was built.

This created a revenue stream to ensure that these mosques have income for its maintenance and religious activities. This is a socio-religious enterprise model in the early days. However, there were issues raised that the Islamic Religious Council of Singapore (MUIS) had to step in and with that, Waqf revenue began to increase exponentially.

Our experts, Dr Shamsiah Abdul Karim, Waqf Specialist will share about the effort that helped to improve the Waqf system in Singapore and how it should be replicated.

Highlights include:

null
What is the system of Waqf in Singapore
null
Contemporary Waqf instruments such as Real Estate Investment Trust (REITs) for Waqf and Cash Waqf
null
Role of Waqf in Social and Religious Development
null
Way forward for the Development of Waqf

Speaker:

Dr Shamsiah Abdul Karim

Waqf Specialist,

Former Head of Zakat and Waqf at the Islamic Religious Council of Singapore

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Download 'Waqf in Singapore' Presentation Slides



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