Session on Awqaf 3. Dr. Shamsiah Abdul Karim.pptx

35 Pages·2014·1.27 MB·English

CONTEMPORARY
INVESTMENT AND
DEVELOPMENT OF WAQF

ASSETS IN SINGAPORE
Presented By:
Dr. Shamsiah Abdul Karim

At the Global Donors Forum
Renaissance Hotel , Kuala Lumpur
Malaysia
26 Apr 2012
Thanks to the prodigious development
of the waqf institution , a person
could be born in a house belonging to
a waqf , sleep in a cradle of that waqf
and fill up on its food, receive
instruction through waqf- owned
books , become a teacher in a waqf
school, draw a waqf financed salary
and at his death , be placed in a waqf
provided coffin for burial in a waqf
cemetery” ( Yediyildiz 1990:5
)
Presentation Flow
Features of Waqf
ADMINISTRATION OF MUSLIM

LAW ACT
WAKAF AM WAKAF KHAS
WAKAF
INVESTMENT OF WAQF

ASSETS
Assets
Asset Allocation
• Property Based – Physical assets
• Equities / REITs
• Sukuk
• Alternative Investment
• Direct Business/JV
Kuwait
• _____________________________________
_
Harvard
MUIS

Kuwait (%)

Harvard
Harvard

MUIS

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Comparison of Investment Portfolio

Waqf Assets Property /Real Equities/ Sukuk Business/ others
Estate (%) (%)
(%)
Singapore 79 5 16 ( cash /fds)

Kuwait 53 47 -
Trust ( Oxford 23 46/13 16

Foundation)
Investment Challenges for Waqf

Capital Guarantee Non Guaranteed
Income Yearly Income plough
disbursement back to capital

Investment Short term Long term
Horizon

Asset classes High risk Low risk