Wakaf Ilmu Newsletter
Wakaf Ilmu is created initially through consecrating shares of the beneficial income of the Muslim estates worth S$ 3 million.
By creating Wakaf from this beneficial income, the deceased charitable act can be perpetuated. The creation of Wakaf will also paved the way for more Muslims to come forward to do “planned giving” to build up the capital of the Wakaf.
Muis intends to consolidate the beneficial income received, contributions from planned giving and contributions from the public for this Wakaf Ilmu to build up its capital. The revenue generated through the investment of the Wakaf in capital guaranteed instruments and possibly properties in future can help supplement and sustain Muis’ long term financial commitments on some of its key programmes specifically for the Islamic Education in Singapore.