Muis acts as a mutawalli for two-thirds of Wakafs in Singapore. In 2001, Muis set up an asset endowment company, Warees Investments Pte Ltd, to oversee its Wakaf portfolio. Warees is a wholly owned subsidiary of Muis.
As mutawalli, Muis strives to:
The remainder one-third of Wakafs is managed by private mutawallis. These mutawallis are mostly relatives or descendants of the late wakifs.
As a wakif, you can apply to Muis for the appointment of a relative or a descendant to manage your Wakaf as a private mutawalli. The appointment of a private mutawalli must be submitted in writing to Muis. It will otherwise be considered void.
The obligations of your private mutawalli include the following:
HAJI EUSOOF AJUM ANGULLIA
To achieve the objective of adding value to the Wakaf asset, we work towards prudent investment to enhance our distributable income. We are currently working with Muis and Warees to not only meet the urgent needs of the community but also, to unlock the huge potential of the Wakaf asset.”