Section 94. Establishment of Bait-ul-Mal. (ADMINISTRATION OF MUSLIM LAW ENACTMENT, 1952

ENACTMENT NO. 3 OF 1952
ADMINISTRATION OF MUSLIM LAW ENACTMENT, 1952

PART IV - FINANCIAL
Charitable Trusts

Section 94. Establishment of Bait-ul-Mal.

(1) A Fund to be known as Bait-ul-Mal is hereby established. Such Fund shall consist of all money and property, movable or immovable, which by Muslim law or under the provisions of this Enactment or rules made hereunder accrues or is contributed by any person to the Fund.

(2) All money and property in the Fund shall be vested in the Majlis who will administer all such money and property in accordance with the rules made under this Enactment:

Provided that any investments of assets and funds invested in the Majlis may be sold, realised and disposed of, and they and the proceeds thereof may be invested from time to time in any investments authorised by any written law for the time being in force for the investment of trust funds.

(3) Subject to the provisions of this Enactment the Majlis, with the approval of His Highness the Sultan, may make rules for the collection, administration and distribution of all property of the Fund.