Model of Waqf Ahmad Dawjee

What is Build, Operate and Transfer?

• An exchange of a waqf property for another that provides at least similar services/income without any change in the provisions laid by the founder​

• The confinement of an amount of liquid money, shares, profit, dividends by founder and the dedication of its usufruct to the welfare of society​

• A financing scheme where the government entrusts a project to a company

• The confinement of an amount of cash from the founder and the dedication of its usufruct, according to founder’s condition

Some of the Shari'ah issues of BOT scheme that was highlighted are:

• Maysir

• Bay al-inah

• Gharar

• Istibdal

According to the Model of Waqf Ahmad Dawjee Dadabhoy, ......... is the mawquf and ​......... as the mawquf alaihi.

• land...LTH

• land....Bank Islam

• capital....MAIWP

• capital....LTH

At 18 September 1991, the High Court of Kuala Lumpur declared Majlis Agama Islam Wilayah Persekutuan (MAIWP) is the ........ for Ahmad Dawjee's estate.

• capital

• heir

• beneficiary

• trustee

Companies that involved in partnership for Waqf Ahmad Dawjee Dadabhoy are:

• Jabatan Kemajuan Islam Malaysia

• Majlis Agama Islam Wilayah Persekutuan

• Bank Muamalat Berhad

• Bank Islam

• Lembaga Tabung Haji

MAIWP has prove that Islamic agencies are capable of building commercial projects on waqf land.

• TRUE

• FALSE

One of the core Shari'ah principles that support the validity of Build, Operate and Transfer (BOT) is ........

• Sad zara'iq

• Hifz al-hayah

• Masalih al-mursalah

• Ijtihad

The purposes of Build, Operate and Transfer (BOT) :

• solution for inadequate resources in financing the development of waqf properties

• to expand property for beneficial gains of revenues and profits

• easing the burden of waqf institutions and providing them with efficient skills to manage projects

• All the answers