Waqf & Investment Initiative
Hibah Lil Waqaf (gifts for the purpose of waqf) A program that started in October 2019 and has received approval from the Johor State Islamic Religious Council allows participants of Hibah Lil Waqaf the opportunity to grant their assets, which can be carried out while they are still alive or after their death, with the ultimate aim that the assets will be endowed.
The net hibah (after deducting the costs involved) received by Waqaf An-Nur will be endowed by purchasing Sharia-compliant shares on behalf of the grantor.
For the implementation of Hibah lil Waqaf during alive, the public can donate their assets such as cash, houses, office shops, or land to Waqaf An-Nur, and subsequently, Waqaf An-Nur will liquidate those assets (if they are not in cash form).
For the implementation of Hibah Lil Waqaf after death, Waqaf An-Nur has collaborated with Takaful Companies, Property Management Companies, Trusteeship Companies, and Unit Trust Companies. Public is encouraged to make waqf through the property they have via hibah or bequests that can be managed by the will management company and the trust company. Takaful holders can also assign (assignment) part of the takaful benefits to Waqaf An-Nur through the takaful company.
