Section 88. Establishment of General Endowment Fund. (ADMINISTRATION OF MUSLIM LAW

ENACTMENT No. 1 Of 1959
ADMINISTRATION OF MUSLIM LAW

PART IV - FINANCIAL

Section 88. Establishment of General Endowment Fund.

(1) A Fund to be known as General Endowment Fund is hereby established. Except as otherwise provided under the provisions of this Enactment 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 or payable to the Fund.

(2) All Zakat and Fitrah collected in accordance with this Part shall be paid into the Fund but shall be accounted in a separate account of the Fund.

(3) All money and property in the General Endowment Fund shall be vested in the Majlis who shall administer all uch 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 investment of trust funds.

(4) Subject to the provisions of this Enactment the Majlis, with the approval of the Yang di-Pertuan Agong, may make rules for the collection, administration and distribution of all property of the General Endowment Fund.