Name: Collaboration with IBFIM on Commercialising Waqf Assets Programme in Singapore
Start: 2025-10-28T08:00:00+08:00
End: 2025-10-29T17:00:00+08:00

Collaboration with IBFIM on Commercialising Waqf Assets Programme in Singapore

Pergas Investment Holdings (PIH), in collaboration with the Islamic Banking & Finance Institute Malaysia (IBFIM), successfully held a specialised programme in Singapore focused on the commercialisation of Waqf assets within established Shariah and regulatory frameworks.

This initiative brought together key industry players, scholars, and practitioners to exchange insights on strengthening Waqf development, sustainability, and governance.

Delegation & Participation

The programme welcomed over 40 delegates representing Malaysia, Indonesia, the Philippines, and Singapore, marking a strong regional commitment towards innovative Waqf management and cross-border collaboration.

Key Highlights

1. Expert Presentations & Knowledge Sharing

Participants gained in-depth understanding of:

Singapore’s Wakaf regulatory and governance framework
Best practices in asset management and commercialisation
First-hand sharing from trustees and administrators on operational realities and challenges

These sessions provided practical guidance for institutions seeking to enhance the impact of their Waqf assets.

2. Immersive Study Visits

To complement the learning experience, delegates visited several key Waqf sites across Singapore, including:

Wakaf Kassim
Wakaf Bencoolen, including MUIS Academy, Masjid Bencoolen, and Somerset Bencoolen
Masjid Sultan

These visits showcased real-life examples of successful Waqf development projects, illustrating how Shariah-compliant commercial models can contribute to long-term community benefit.

Conclusion

The collaboration between PIH and IBFIM underscores a shared vision to elevate Waqf assets into sustainable, professionally managed resources that serve the needs of future generations. Through continued partnerships, the region moves closer to unlocking the full potential of Waqf as a catalyst for socioeconomic development.