KUALA LUMPUR – In order to increase the country’s wakaf fund savings and assets, Tan Sri Muhyiddin Yassin said an initiative has to be formulated at the federal level to encourage civil servants to make wakaf (endowment) contributions, especially periodically through salary deductions.
The prime minister said this was among the four main points outlined in an effort to ensure that wakaf becomes an important element in helping the country’s economy.
In this regard, he said ministry secretaries-general and heads of federal departments and agencies should play a role in encouraging officers and staff under their charge to make wakaf donations.
Muhyiddin said Chief Secretary to the Government Tan Sri Mohd Zuki Ali has approved the General Circular No 1/ 2020: Procedures to Implement Cash Wakaf Donation Through Voluntary Salary Deductions for Public Officers serving in Federal Territories and states.
“The same goes for banking and financial institutions in assisting to diversify wakaf platforms. Islamic financial institutions should make wakaf an element that adds value to their financial products and services,” he said. – Bernama, April 13, 2021
