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12  WAQF



             WAQF @ UIM                                               Introduction

                                                                      UIM has been a waqf university since
                                                                      8th April 1955; the day the Sultan of
                                                                      Selangor endowed his residential
                                                                      palace in Kampung Jawa, Klang
                                                                      (pic), to the initial trustees of the
                                                                      newly  established  Muslim  College
                                                                      of Malaya (Kolej Islam Malaya). With

                                                                      50-odd  male and female students,
                                                                      KIM started the Arabic and Islamic
                                                                      courses       degree       programmes
                                                                      in collaboration with Al-Azhar
                                                                      University in Cairo.


             Benefitting the Ummah

             That waqf and subsequent donations - in cash and in property - had enabled the Muslim College to operate as a higher
             academic institution of respectable stature in Malaya for almost fifteen years. As seen below, waqf donations poured in
             from many parts of the muslim world from 1955-1970 (source: National Archive Malaysia).

                          Kedah              $ 15,471.65                Perak              $ 26,015.42
                          Johor              $  68,832.91               Perlis              $  5,242.10
                       N.Sembilan            $ 15,222,55               Pahang              $ 16,270.45
                         Kelantan            $  12,644.75              Melaka               $  5,184.00
                         Penang               $  8,000.00             Singapura            $151,723.41
                         Selangor             $ 49,217.51            Saudi Arabia          $ 55,000.00
                       Terengganu             $  6,486.60               Brunei             $ 50,000.00

             As a result, KIM had sucessfully produced brilliant first degree graduates, some of whom managed to continue their
             postgraduates in Al-Azhar and other established universities around the world. One of them is the current President of
             UIM, Tan Sri Prof. Dr. Mohd Yusof Mohd Noor (below), who was conferred his PhD from Cairo University in 1972.


             UIM Waqf Fund Launched

             On 7 April 2016, the President of UIM Tan Sri Prof. Dr. Mohd Yusof Noor has launched a new waqf scheme called UIM’s
             Waqf Fund or “Tabung Wakaf UIM” (TWUIM), to facilitate cash waqf received from UIM management, personnel, and
             external individuals, via monthly salary deduction, auto debit or one-off contributions.

             TWUIM is partly invested and used for property development especially for UIM’s new campus in Cyberjaya. (Please refer
             to the TWUIM Waqf Model below).



                                                    Procurement and
                                                         campus
                                                      development
                        TWUIM                            projects                      proceeds
                                                                                       Returns/
                                                        Low-risk,
                         Cash Waqf                      profitable
                        (Benefectors)                  investments                   Beneficiaries

                                                   Perpetuity Principle
   7   8   9   10   11   12   13   14   15   16   17