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mere 50-metre away from the spanking new Masjid Kassim stands
Telok Indah, a 40-unit private apartment. Any uninformed passer-by
to the low-rise residential development would not have guessed
that there is more to Telok Indah than just a residential property.
The building is testimony to Muis' successful efforts at wakaf
development.
Besides the condominium at Telok
Kurau for Wakaf Kassim, Muis has also spearheaded the development
of four units of semi- detached house at Duku Road for Wakaf
Jabbar and another nine units of walk-up apartment at Telok
Kurau for Baitulmal.
All these have demonstrated Muis'
significant role in the area of wakaf development, besides its
other roles in the religious and social spheres. Today, with
the experience amassed, it is bullish about initiating yet another
round of residential development for its existing bank of Wakaf
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land. Asset development is an
important area within Muis, says Mr Saharudin Kassim, Special
Assistant to the President of Muis.
"Our past experience in the development
of wakaf properties has given us valuable lessons," he says.
"In the process, we've been able
to build our resources, create synergies,expertise and understand
the industry. The successful developments of Wakaf Kassim, Wakaf
Jabbar and Wakaf Jamae, among others, have given us new confidence
that we can take wakaf developments to new heights."
Mr Saharudin, who is also Chairman
of Muis Wakaf Committee and Director, Planning and Operations
confirms that, "Redeveloped and upgraded wakafs are now generating
higher yields. This was not the case prior to their redevelopment.
Muis is committed to developing more wakafs to maximise their
full potentials. This is in line with
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Asset Development 
