Waqf (Islamic endowment) has played a very important role as one of the important sources of funding for the development of Islamic society across the Muslim world historically.
The Messenger of Allah (ﷺ) said, “When a man dies, his deeds come to an end except for three things: Sadaqah Jariyah (continuous alms); a knowledge which is beneficial, or a virtuous descendant who prays for him (for the deceased).” [Muslim]
The concept of endowment has made exponential progress and development worldwide, it has demonstrated the immense potential of the endowment instrument to generate funds for public good.
Today, Pergas is driving towards becoming financially self-sustaining and reducing dependency on public funds.It is therefore important for Pergas to set-up this Endowment fund to ensure that it cement its sustainability agenda.
The recent purchase of the new building at 168 Changi Road is a testimony of Pergas continuous effort in building up its asset base to create a substantial fund for its future needs to ensure it can continue to thrive to provide the community with religious leadership through the asatizah.
Pergas through its subsidiary Pergas Investment Holdings (“PIH”) will continue to build up this assets for the future sustainability of our Ulama and asatizah.
Over the years, the role of the Islamic religious teachers has transformed to serve the increased expectations of the Muslims society and ever changing dakwah landscape in Singapore.
It evolved from traditional leadership roles, to assuming more versatile roles that contribute to shaping positive public opinion of the Muslim community.
Ulama and asatizah today, play multiple roles by acquiring specialised knowledge in different fields.
Their roles extend beyond the traditional madrasah classrooms and mosques, allowing them to function as socio-religious scholars, lecturers, administrators, writers, research analysts, entrepreneurs and curriculum developers in mosques and other Islamic institutions.
Pergas role has now become more pertinent to develop the generation of asatizah who are experts in guiding the community in all fields and realm.
To know more about Pergas please go to this link here.
Pergas Investment Holdings (PIH) will act as the joint Trustee and also the administrator of the PERLU endowment fund.
PIH will administer, manage, invest and distribute the fund in accordance with the mandate. To know more about PIH please go to this link here.