Administration of Muslim Law Act 1966 · 2020 Revised Edition · Part 4 · Financial Provisions
57. General Endowment Fund
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A fund called the General Endowment Fund is established.
General Endowment Fund
“General Endowment Fund” means the General Endowment Fund established under section 57;
Except as otherwise provided under the provisions of this Act, the General Endowment Fund consists of all money and property, movable or immovable, which by the Muslim law or under the provisions of this Act or rules made under subsection (6) accrues or is contributed by any person to the General Endowment Fund.
All money and property in the General Endowment Fund are vested in the Majlis which is to administer all such money and property in accordance with the rules made under this Act.
Majlis
“Majlis” means the Majlis Ugama Islam, Singapura, constituted and continued under section 3;
Any investments of assets and funds vested in the Majlis under subsection (3) may be sold, realised and disposed of.
The Majlis may invest any money or property in the General Endowment Fund in accordance with both the Muslim law and the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.
Subject to the provisions of this Act, the Majlis, with the approval of the Minister, may make rules for the collection, administration and distribution of all property of the General Endowment Fund.