Singapore-The Singapore Islamic Religious Council (Muis) said in a statement Wednesday (June 15) that it would spend more than $ 4 million from the income generated by Waqf this year.
A total of $ 4,117,524 will be paid to various beneficiaries from Waqf’s income managed by Muisu. This is a 3 percent increase over last year’s payments.
Local beneficiaries will receive $ 2,896,083 and the remaining $ 1,221,441 will be sent to foreign beneficiaries.
Muis did not identify these foreign beneficiaries, but the funds are distributed into five categories that meet the needs of the community, such as welfare facilities, medical centers and food banks.
Waqf, a permanent dedication of property by Muslims for purposes defined by Islamic law as religious and philanthropic, is a trust in which money is invested and revenues are used to support the community. Similar to a fund.
Under Islamic Law Administration, Muis oversees the administration of all Waqf in Singapore.
Breaking down the funding to local beneficiaries, Muis said that 21 mosques in Singapore would be allocated $ 1,179,481 for operational needs and upgrades and refurbishments.
Six full-time madrasas, or religious Islamic schools, and part-time schools in the mosque receive a total of $ 487,288 to train future religious leaders in the community and upgrade their facilities.
Several Muslim organizations and charities, including Jamiyah Food Bank and Club Heal, which supports people with mental illness, receive $ 403,485 and $ 469,715 will be donated to the poor and suffering individuals.
The remaining $ 356,114 will be used for other purposes, such as providing religious ceremonies, including free burial, as costs have risen over the years due to labor shortages and inflation.
At a payment ceremony on Tuesday, Muis CEO Kadir Maideen said last year’s increase in income was due to higher payments.
“Waqf has proven to be an important institution that has benefited the community for generations. To continue this heritage, Muith establishes Waqf Masha Rakat Singapore (WMS). . Long-term needs of the community. “
Muslims can bequeath assets and funds to WMS, a voluntary financing mechanism. In his statement, Mr. Muis said the money would be used to benefit future generations.
He added that he plans to work with various partners to diversify Waqf’s support, including sponsoring medicines for people with low-income backgrounds, regardless of race or religion.