Administration of Labuan International Waqf Foundation (LIWF) in the Labuan IBFC: legal issues & challenges with reference to assets managed in Malaysia
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Since the introduction of LIWF by the LFSA in 2015, it has garnered tremendous interest from various interest from various parties for its flexibility, sustainability, and governance features. Relevant guide allows Malaysian founder or assets situated in Malaysia to be endowed into the LIWF, subject to obtaining necessary approval from the SIRC. Though the governing charter for such establishment is the Waqfiyyah itself, it has to take into consideration various ongoing issues and discussion on the forum of convenience to hear, try, and decide on dispute related to the Waqf, special position of the SIRC as the sole Mutawalli in the states in Malaysia ...
Waqf , Labuan International Waqf Foundation (LIWF) , Legal issues , Challenges , Malaysia
Mohamad Salmi, Muhammad Aiman. (2017). Administration of Labuan International Waqf Foundation (LIWF) in the Labuan IBFC: legal issues & challenges with reference to assets managed in Malaysia (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2631