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ROLE OF PUBLIC SECTORS IN WAQAF DEVELOPMENT

ROLE OF PUBLIC SECTORS IN WAQAF DEVELOPMENT . PART 1: Introducing Yayasan Waqaf Malaysia . Cont. PRINCIPAL PURPOSES. FUNCTIONS (overview). PART 2: Waqaf in Malaysia. LEGAL FRAMEWORK OF WAQAF MANAGEMENT. RELIGIOUS MATTERS. Ninth Schedule, List II, Federal Constitution. SULTAN.

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ROLE OF PUBLIC SECTORS IN WAQAF DEVELOPMENT

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  1. ROLE OF PUBLIC SECTORS IN WAQAF DEVELOPMENT

  2. PART 1: Introducing Yayasan Waqaf Malaysia

  3. Cont.

  4. PRINCIPAL PURPOSES

  5. FUNCTIONS (overview)

  6. PART 2: Waqaf in Malaysia

  7. LEGAL FRAMEWORK OF WAQAF MANAGEMENT RELIGIOUS MATTERS Ninth Schedule, List II, Federal Constitution SULTAN Delegates Power Majlis Agama Islam Negeri

  8. ISSUES ON WAQAF MANAGEMENT CURRENT ISSUES DEVELOPMENT ISSUES Waqaf land is estimated at 11,091.62 hectares (RM1.9 b) Mostly underdeveloped / not optimized Highly potential to enhance economic standing of the Bumiputera / Muslim It’s potential must be unlocked through dynamic development Legal framework Limited development fund Poor awareness on waqaf potential lead to poor participation among individual and institutions.   Short of development experts among administrators Waqaf land issues  (size, caveatetc)

  9. TENTH MALAYSIA PLAN “In the Plan period, the institutional investment approach will be expanded beyond corporate equity, to include other categories of wealth such as property... Initiatives will also be undertaken to strengthen the investment capability of institutions such as Baitulmal and to increase the value of their assets including land development for commercial purposes. The gains from such ventures will benefit the broader Bumiputera community by creating employment and entrepreneurship opportunities. More concerted efforts will be undertaken to unlock value from Bumiputera assets such as land.” m/s 171-172

  10. Cont. “Increasing wealth ownership beyond corporate equity to include other properties and business assets such as retail space landed properties, commercial buildings, intellectual properties and other services through pooling of funds and institutional investment.” m/s 166 “Bumiputera ownership of commercial buildings and premises has grown at a relatively slow pace from 11.7% in 2005 to 14.0% in 2008.” m/s 166

  11. PART 3: STATISTICS

  12. 2010 POPULATION AND HOUSING CENSUS • Total population 28.3 million, 91.8% (25.9 million) Malaysian citizens • 67.4% (19 million) Bumiputera • 61.3% (17.3 million) Muslims • 67.3% (19 million) working population

  13. AVERAGE HOUSEHOLD INCOME RM

  14. ETHNICITY BREAKDOWN 7.3% 24.6% 67.4% Sumber: Banci 2010

  15. RELIGION 6.3% 9.2% 19.8% 61.3% Sumber: Banci 2010

  16. EQUITY OWNERSHIP 40.6% 40.5% 18.9%

  17. COMPANY OWNERSHIP 75.7% 20.3% 4.0%

  18. COMMERCIAL BUILDING OWNERSHIP

  19. EMPLOYMENT: 1. TOP MANAGEMENT 73.0%

  20. 2. CHIEF EXECUTIVE OFFICER

  21. 3. UNEMPLOYMENT 26.7%

  22. POVERTY

  23. CONCLUSION FROM STATISTICS • Bumiputeras are majority of the population (67.4%) • Overwhelming majority of Bumiputeras are Muslims • Low household income group • Unrivalled in poverty group • Conclusion: Large in numbers but Weak economically, Muslims must move as a group or collective

  24. PART 4: Development Models (Unlocking Muslims’ Resources)

  25. GOVERNMENT INITIATIVES

  26. GLC

  27. FINANCIAL PRODUCTS

  28. PART 5: EXAMPLE OF WAQAF DEVELOPMENT INITIATIVES

  29. RMK-9 PROJECTS BY JAWHAR BANGUNAN ASRAMA ANAK YATIM DARUL AITAM WAL MASAKIN SULTANAH HAMINAH BINTI HAMIDUN, ALOR SETAR, KEDAH (RM2.2m) BANGUNAN KOMPLEKS PENDIDIKAN MAAHAD AL-MASHOOR,BALIK PULAU, PULAU PINANG (RM41m)

  30. BANGUNAN RUANG NIAGA, TAMBUN, PERAK (RM1.7m) BANGUNAN ASRAMA ANAK YATIM, MACHANG, KELANTAN (RM2m)

  31. BANGUNAN PUSAT HEMODIALISIS, BATU PAHAT, JOHOR (RM8.5m) BANGUNAN PUSAT PERLINDUNGAN WANITA, JOHOR BAHRU, JOHOR (RM10m)

  32. BANGUNAN PUSAT SAUDARA BARU, SEREMBAN, NEGERI SEMBILAN (JAWHAR RM4.5m, MAINS RM2.5m)_ BANGUNAN RUMAH KEDAI, MUKIM UTAN AJI, PERLIS (RM4.5m)

  33. HOTEL PANTAI PUTERI MELAKA, TANJUNG KLING, MELAKA (RM25m)

  34. HOTEL SERI WARISAN TAIPING, PERAK (RM18m)

  35. HOTEL WAKAF DAN BAITUL HILAL, TELUK KEMANG, PORT DICKSON, NEGERI SEMBILAN (JAWHAR RM18m, MAINS RM14m)

  36. PROJECTS BY YWM Bazar Wakaf Rakyat di Masjid Daerah Taiping, Bandar Taiping, Perak Wakaf Mart di Masjid Panchor Jaya, Seremban, Negeri Sembilan Bazar Wakaf Rakyat di Masjid At-Taqwa, Bertam, Kepala Batas, Pulau Pinang Bazar Wakaf Rakyat di Masjid Jamek Daerah Hulu Langat, Kajang, Selangor Bazar Wakaf Rakyat di Masjid Sungai Adam, Jejawi, Perlis KiosCenderahati di Masjid Putra, Putrajaya

  37. Wakaf Mart di Masjid Panchor Jaya, Seremban, Negeri Sembilan ~ Managed by Koperasi Masjid ~ Similar business concept as Kedai Rakyat 1Malaysia ~ 1Malaysia ​​products  ~ Access at the mosque gate & is targeted for all Malaysians

  38. THANK YOU YAYASAN WAQAF MALAYSIA NO.13, JALAN DIPLOMATIK 2/2 PRESINT DIPLOMATIK PUTRAJAYA PRESINT 15 62050 PUTRAJAYA

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