Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing

 

  Welcome to Bernama Banking & Finance Special Page     
 
Wakaf Selangor Muamalat Eyes RM4-5 Million Wakaf Funds

KUALA LUMPUR, July 9 (Bernama) -- Wakaf Selangor Muamalat (WSM) aims to collect RM4 million to RM5 million in Wakaf funds by the end of its current financial year ending March 31, 2014 to enable it to implement more Wakaf projects.

WSM is a strategic cooperation between Bank Muamalat Malaysia Bhd and Perbadanan Wakaf Selangor (PWS) to collect and manage Wakaf funds for the public.

Bank Muamalat Chief Executive Officer Datuk Mohd Redza Shah Abdul Wahid said for the eight months since the launch of WMS in September last year, the fund had collected more than RM2.1 million.

"We hope with a good size of Wakaf fund, WSM will be able to implement more Wakaf projects, which would make a bigger impact on the community as a whole," he said at a cheque presentation to WSM by MAA Takaful here today.

Currently, among the projects that had been implemented were sponsorship of medical equipment to Sungai Buloh Hospital and sponsorship of dormitory equipment to the Wal Ulumuddin religious school.

The projects that are under planning are Wakaf mobile clinic serving Kuala Selangor and the sponsorship of two dialysis machines to Nurul Ain Dialysis Clinic.

In addition, WMS will sponsor one embosser machine for the printing of Braille Al-Quran to the Islamic Association of the Visually Impaired, Malaysia (Pertis) and a Wakaf hospital in the next two to three years.

-- BERNAMA


 <Back>

Islamic Banks Need To Be More Competitive To Win Over Non-Muslims - Scholar
Germany Opens Up To Islamic Banking, Opportunities For Malaysian Institutions

 
AmIslamic Bank Appoints Eqhwan As CEO

 

Takaful Ikhlas Hands Over RM20,000 In Zakat Contribution To Baitulmal Sarawak
Etiqa Insurance, Maybank Pledge S$500,000 For Free Insurance Coverage

 
HSBC Amanah Takaful Bags 2014 Best Takaful Operator Award

MIDDAY, FRIDAY, APRIL 17
US 3.6355/6385
S'pore 2.6944/6986
100 Yen 3.0548/0583
Sterling 5.4256/4323
Euro 3.9147/9187
Source: Bank Negara Malaysia


Warning: mysql_connect() [function.mysql-connect]: Can't connect to MySQL server on '192.168.1.45' (64) in /www/htdocs/finance/poll/common.php on line 208
Unable to connect to the database!