Section 95. Change of investments. (ADMINISTRATION OF THE LAW OF THE RELIGION OF ISLAM ENACTMENT 1956

ENACTMENT NO. 5 OF 1956
ADMINISTRATION OF THE LAW OF THE RELIGION OF ISLAM ENACTMENT 1956

PART IV - FINANCIAL
Charitable Trusts

Section 95. Change of investments.

(1) The Majlis shall not, without the approval of the Ruler in Council, sell, transfer or dispose of, or charge, mortgage or encumber, any irgmovable property vested in it for the purposes qf ,this Enactment, whether or not forming part of .the General Endowment Fund.

(2) Save as aforesaid, any investments, assets and funds vested in the Majlis may be sold, realized or 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, or in or upon title to any immovable property situate within the State of Pahang.

(3) The Majlis shall have power to lease any immovable property vested in it upon such terms as seem proper and are not inconsistent with any trusts affecting the same.