IslamicFinance.de

It seems that the Singaporean government is considering an endowment fund to promote Islamic education in the south-eastern Asian country.
The three-million-dollar fund will be developed by the Islamic Religious Council of Singapore (MUIS). It will be applied to promote Islamic education in the south-eastern Asian country.
MUIS manages and expands 200 waqfs properties in Singapore, with a total asset value of S$250 million. These properties, held in trust, hand over an annual rental income of millions of dollars, makes Singapore the region's most advanced country in the development of waqfs.