Transcript Slide 1
Established as a national awqaf entity by Jabatan Wakaf, Zakat dan Haji (JAWHAR) under the Prime Minister’s Department Incorporated on 23 July 2008 Main Stakeholders comprise of Majlis Agama Islam Negeri (MAINs) or State Islamic Religious Councils Cont. 19-member Board of Trustees Chairman Deputy Chairman Others YB Major-General (R) Dato’ Seri Jamil Khir Baharom, Minister in the Prime Minister’s Department Director-General of JAWHAR from MAINs, EPU, MoF and 3 appointees 2 principal purposes Facilitate consolidation and mobilization of awqaf resources Collaborate with MAINs to develop awqaf assets and ensure continuous benefits accrue to the beneficiaries, benefactors and society in general. Raise / Collect waqf fund Develop awqaf assets Syariah compliant investments Undertake social welfare programs to benefit society Promote development / expansion of awqaf institution RELIGIOUS MATTERS SULTAN Delegates Power Majlis Agama Islam Negeri Ninth Schedule, List II, Federal Constitution CURRENT ISSUES DEVELOPMENT ISSUES a. Waqaf land is estimated at 11,091.62 hectares (RM1.9 b) a. Legal framework b. Mostly underdeveloped / not optimized c. Poor awareness on waqaf potential lead to poor participation among individual and institutions. c. Highly potential to enhance economic standing of the Bumiputera / Muslim d. It’s potential must be unlocked through dynamic development b. Limited development fund d. Short of development experts among administrators e. Waqaf land issues (size, caveat etc) “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 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 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 4,435 RM 4,500 3,456 4,000 3,500 2,712 3,000 2,500 2,000 1,500 1,000 500 - Melayu Cina India Bumiputera Cina India Lain-lain 67.4% Sumber: Banci 2010 19.8% 61.3% Islam Buddha Kristian Hindu Lain-lain Sumber: Banci 2010 Bumiputera 40.6% 40.5% 18.9% Bukan Bumiputera Asing Bumiputera 75.7% Bukan Bumiputera Asing 20.3% Melayu 88.7% Bukan Melayu Asing 11.3% Melayu 73.0% Bukan Melayu Asing 13.0% 14.0% Melayu 70.4% Bukan Melayu 9.6% 20.0% Asing Melayu 26.7% Bukan Melayu Asing 73.3% Melayu 23.2% Bukan Melayu Asing 76.0% Bumiputeras are majority of the population (67.4%) Overwhelming majority Bumiputeras are Muslims of Low household income group Unrivalled in poverty group Conclusion: Large in numbers but Weak economically, Muslims must move as a group or collective Government Initiatives WAQAF DEVELOPMENT MODEL Financial Products GLC AGENCY JAWHAR PROGRAM PROJECTS TOTAL FUNDING RMKe-9 16 Physical Projects 4 Non Physical Projects RM256.5m Budget 2010 65 Bazar Wakaf Rakyat 5 Wakaf Mart RM20m Budget 2012 Economic Projects RM40m Similar function with Permodalan Nasional Berhad but limited to Muslims Assets Economic Projects YWM Proposal to Establish “Permodalan Mal Berhad” Tabung Haji Strategic partnership between Tabung Haji, MAIWP and Bank Islam (Menara Wakaf in Jalan Perak KL with development cost of RM151m) UDA Strategic Partnership between UDA and MAINPP JCorp Strategic Partnership with MAIJ and other MAINs Cash Waqaf Corporate Waqaf Wasiat FINANCIAL PRODUCTS REIT Sukuk BANGUNAN ASRAMA ANAK YATIM DARUL AITAM WAL MASAKIN SULTANAH HAMINAH BINTI HAMIDUN, ALOR SETAR, KEDAH (RM2.2m) BANGUNAN KOMPLEKS PENDIDIKAN MAAHAD ALMASHOOR, BALIK PULAU, PULAU PINANG (RM41m) BANGUNAN RUANG NIAGA, TAMBUN, PERAK (RM1.7m) BANGUNAN ASRAMA ANAK YATIM, MACHANG, KELANTAN (RM2m) BANGUNAN PUSAT HEMODIALISIS, BATU PAHAT, JOHOR (RM8.5m) BANGUNAN PUSAT PERLINDUNGAN WANITA, JOHOR BAHRU, JOHOR (RM10m) BANGUNAN PUSAT SAUDARA BARU, SEREMBAN, NEGERI SEMBILAN (JAWHAR RM4.5m, MAINS RM2.5m)_ BANGUNAN RUMAH KEDAI, MUKIM UTAN AJI, PERLIS (RM4.5m) HOTEL PANTAI PUTERI MELAKA, TANJUNG KLING, MELAKA (RM25m) HOTEL SERI WARISAN TAIPING, PERAK (RM18m) HOTEL WAKAF DAN BAITUL HILAL, TELUK KEMANG, PORT DICKSON, NEGERI SEMBILAN (JAWHAR RM18m, MAINS RM14m) Bazar Wakaf Rakyat di Masjid At-Taqwa, Bertam, Kepala Batas, Pulau Pinang Bazar Wakaf Rakyat di Masjid Daerah Taiping, Bandar Taiping, Perak Wakaf Mart di Masjid Panchor Jaya, Seremban, Negeri Sembilan Bazar Wakaf Rakyat di Masjid Jamek Daerah Hulu Langat, Kajang, Selangor Bazar Wakaf Rakyat di Masjid Sungai Adam, Jejawi, Perlis Kios Cenderahati di Masjid Putra, Putrajaya 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 THANK YOU YAYASAN WAQAF MALAYSIA NO.13, JALAN DIPLOMATIK 2/2 PRESINT DIPLOMATIK PUTRAJAYA PRESINT 15 62050 PUTRAJAYA