Waqaf An-Nur is a company limited by guarantee was appointed as a Special Nazir by the Johor State Islamic Religious Council, initially to manage assets or shares waqf by Johor Corporation. Operating based on the principles of maqasid shariah, Waqaf An-Nur is now more inclusive by opening opportunities for the public to participate in waqf through the programs it offers.
Indeed, part of the schools of Islamic Fiqh, such as the Maliki school, and some contemporary scholars who have expertise in the field of Islamic Shariah have leaned towards the opinion that ALLOWING WAQF ON THE SHARES OF COMPANIES that have been and are being invested is permissible, with the condition that the shares and the profits spent must comply with the conditions set by the waqif as explained in the agreed waqf formulation.
JCorp waqf a portion of its shares worth (NAB) RM 141 million on August 3, 2006.
| Asset Description | Date of Waqf (Signature of Evidence) | Unit ('000) |
|---|---|---|
| 75% of JCorp's shares in Tiram Travel Sdn Bhd | July 11, 2005 | 225 |
| JCorp's shares in Kulim (Malaysia) Berhad | August 3, 2006 | 12,350 |
| JCorp's shares in KPJ Healthcare Berhad (KPJ Healthcare) | August 3, 2006 | 18,600 |
| Johor Land Berhad (JLand) | August 3, 2006 | 4,320 |
| JCorp's shares in Capaian Aspirasi Sdn Bhd | October 10, 2007 | 75 |
