Sultan Nazrin unveils four-point plan to modernise national waqf system
Sultan Nazrin Muizzuddin Shah unveiled a four-step plan to modernise Malaysia’s waqf system, aiming to make it more competitive, progressive and responsive to modern needs.
Source: Utusan Malaysia · July 27, 2026 at 11:01 PM · AI-assisted report
KUALA LUMPUR, 28 JULY 2026 —
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Sultan Nazrin Muizzuddin Shah unveiled a four-step plan to modernise Malaysia’s waqf system, aiming to make it more competitive, progressive and responsive to modern needs.
Market Impact
The first proposal is to create an international working group to merge Indonesia’s Core Waqf Principles, AAOIFI standards and Kazakhstan’s framework into a unified set of core principles. The Sultan said the joint principles would be voluntary for waqf institutions and jurisdictions without affecting state or federal constitutional powers.
The plan also calls for speeding up the adoption of digital cash-waqf platforms with real-time public dashboards so donors can track contributions instantly. A pilot programme called Waqf for Peace and Planetary Resilience will be launched in ASEAN mosques and community centres to fund solar energy and climate-friendly water infrastructure. The fourth measure requires waqf charters to adopt balance, justice and compassion principles from the al-Mizan framework as binding governance criteria.
Speaking at the launch of PERKIM’s 2026 International Waqf and Da’wah Convention in Kuala Lumpur, the Sultan said innovative approaches such as micro-waqf models—allowing individuals to donate small, regular digital sums that aggregate into large funds—should be emulated. He urged waqf administrators to adopt forward-looking, innovative mindsets and translate ideas into action.
The Sultan also highlighted underutilised waqf assets in Malaysia, including idle land, incomplete records, disputed titles and unrealised assets, stressing that integrity and good governance are essential to maintain public trust in waqf institutions.