KUALA LUMPUR, July 9 (Bernama) -- Wakaf Selangor Muamalat (WSM), a joint-venture between Bank Muamalat Malaysia Bhd and Perbadanan Wakaf Selangor (PWS), plans to develop a wakaf hospital in the next two to three years.
Bank Muamalat Chief Executive Officer Datuk Mohd Redza Shah Abdul Wahid said building wakaf (endowment) projects like schools or hospital would require bigger funds.
"But if we join hands, we can do it. We hope that many more corporate organisations will contribute to the WSM fund. With a good size of wakaf fund, WSM will be able to implement more projects," he said in his speech at the cheque presentation to WSM by MAA Takaful here today.
Wakaf is a donation of a property for charitable purposes for the benefit of the public.
The funds collected are for the improvement and development of health and education for those in need.
Mohd Redza said among the wakaf projects that were awaiting implementation are wakaf mobile clinic serving Kuala Selangor costing RM254,900 and the sponsorship of two dialysis machines to Nurul Ain Dialysis Clinic costing RM76,000.
In addition, WMS will sponsor one embosser machine for the printing of Braille Al-Quran to the Islamic Association of the Visually Impaired Malaysia (Pertis) costing RM16,000, bringing the total to RM346,900.
Previously, WSM had implemented projects such as sponsorship of medical equipment to Sungai Buloh Hospital costing RM37,030 and sponsorship of dormitory equipment to the Wal Ulumuddin religious school costing RM43,100.
More than RM2.1 million had been collected since the launch of WSM in September 2012.
-- BERNAMA SAA SAA NN