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UIM As Nazir Waqf and Innovation

In Malaysia, all matters pertining to waqf comes under the UIM treats Waqf & Endowment differently, due to its
trusteeship of the respective state religious council of every position as the Nazir or Mutawalli (representative of waqf
state. However, during the 228th Conference of Rulers in appointed by MAIS). An endowment may be restricted or
2012 and subsequently the Selangor SRC or Majlis Agama unrestricted, but waqf contributions via UIM are always
Islam Selangor (MAIS) in 2014 has officially entrusted KIM’s considered restricted (Wakaf Khas).
properties in Kg. Jawa and elsewhere for UIM to act as their
Nazir (exclusive representative and beneficiary). UIM is always thinking of ways to innovate waqf in order
to secure and expand a strong confidence amongst
With such huge responsibility on its shoulders, UIM has stakeholders, alumni as well as the general public. One
developed a set of standards, policies and guidelines innovation is QAF, a mobile application available on
(SPGs) to develop and manage its waqf in a more structured Android and iOS to allow UIM and other participating
and transparent manner. UIM has a Waqf & Endowment organisations to solicit waqf & endowment from alumni,
division which currently is placed under the Bursary Office, the public, corporate figures and others conveniently, 24
with its primary functions being to promote, collect and hours a day. QAF is scheduled for soft launch soon (early
invest UIM waqf funds. 2017).

Proceeds or returns of waqf investments are to be used
mainly to finance students’ academic expenses and cost Waqf the Wise Way to Go!
of living, scholars’ and professionals’ emoluments and
incentives, as well as for the development project of UIM Waqf is the way to go financially for Malaysia’s higher
new campus in Cyberjaya. The Bursary Office works closely education. This is reflected by the government’s
with the Development Division to procure and plan for commitment to allow several of its public universities
asset development using waqf collections as well as the autonomy to manage their own waqf funds starting
proceeds. next year. Waqf is a wise and natural progression for many
higher learning institutions as they struggle to balance
between education quality and affordability. Waqf enables
What does Waqf at UIM stands for? many higher learning institutions including UIM to do what
they do best without burdening the rakyat or the students.
o Waqf@UIM means Sustainability. UIM is a mission- The benefits of waqf go to both the benefactors and the
based yet private university, so a strong financial health beneficiaries. In short, waqf is a true financial epitome that
is important. The university is in the midst of developing the whole should be greater than the sum of its parts!
its campus on the concept of mixed development, to
grow academically, as well as commercially, providing
sustainability and independence in the long run.

o Waqf@UIM equals Quality + Excellence. Assistance
to students from waqf proceeds and endowment
funds is based on merit. This means that excellence
students tend to receive a larger slice of financial
assistance. UIM is also a campus which places
emphasis on facilitating students and scholars as
much as possible; hence, university facilities (such as
auditorium, lecture halls, libraries and laboratories)
are considered as priority quality improvement areas.
Besides those, the board places emphasis on strong
technical support and service excellence.

o Waqf@UIM accentuates Moderation. UIM does not
spend the proceeds of waqf unnecessarily or lavishly.
On the other hand, UIM does not want the stereotyped
imagery of shabbiness usually associated with waqf-
based education either. By acculturalising greater
accountability, UIM is able to present a more balanced
implementation of its waqf programmes. Performance
reports are provided regularly to the board and major
donors.