ENACTMENT NO. 2 OF 2001 ADMINISTRATION OF ISLAMIC RELIGIOUS AFFAIRS (TERENGGANU) ENACTMENT 1422H/2001M
PART V. - FINANCE Wakaf, Nazar and Trusts
Section 67. Capital of wakaf and nazar.
(1) Subject to the subsections (2) and (3), the capital property and assets affected by any lawful wakaf or nazar am shall not form part of the Fund of the Majlis, but shall be applied in pursuance of such wakaf or nazar am and held as segregated funds.
(2) If due to laps of time or change of circumstances it is no longer possible beneficially to carry out the exact provisions of any wakaf or nazar am, the Majlis shall prepare a scheme for the application of the property and assets affected thereby in a manner as closely as may be analogous to that required by the terms of such wakaf or nazar am, and shall apply the property and assets accordingly.
(3) Notwithstanding subsection (2), the Majlis may, with the approval in writing of the Duli Yang Maha Mulia Sultan, direct that the property and assets referred to in subsection (2) shall be added to and form part of the Fund of the Majlis.
(4) If the terms of any wakaf or nazar am are such that no method of application of the capital property and assets affected thereby is specified, or it is uncertain from such terms in what manner the capital property or assets should be applied, the Majlis may direct that such capital property and assets shall be added to and form part of the Fund of the Majlis.
(5) All instruments creating, evidencing or affecting and Wakaf or nazar am, together with any documents of title or other securities relating thereto, shall be held and retained by the Majlis.