Under the Securities Commission Malaysia’s Guidelines on Islamic Capital Market Products and Services, waqf distributions must solely be channelled to the following recipients:
- Any State Islamic Religious Council (“SIRC”);
- Any institutions or organisation authorised by the SIRC to act as a mutawalli (waqf administrator) or collection agent for waqf purposes.
For more information on REIT and ETF products and Guidelines on Islamic Capital Market Products and Services, please visit the following links:
A detailed FAQ on general REIT product
A detailed FAQ on general ETF product
Guidelines on Islamic Capital Market Products and Services
Frequently Asked Questions – Guidelines on Islamic Capital Market Products And Services