Professional Documents
Culture Documents
Estate
What
Works
for
Impact
Investing
&
Value
Creation
Friday, 3 November
a) Have
we
fulfilled
the
intent
of
the
Wakif
and
providing
sufficiently
to
the
objectives
and
spirit
of
the
Wakaf?
c) How
do
we
respond
to
a
volatile
market
while
sustaining
and
improving
disbursements
to
beneficiaries?
a) How
do
we
handle
interested
parties
who
made
a
claim
on
a
Wakaf
property?
b) How
do
we
build
trust
with
the
larger community
and
agencies
to
harmonise
wakaf’s
social,
commercial
and
religious
objectives?
d) With
Muis
as
regulator,
how
do
Warees
balance
between
policy
thinking
and
commercial
objectives
(maximising
returns)?
2. Challenges of maximising value of an asset in prime districts.
b) With
minimal
resources,
how
do
we
create
a
lasting
project
that
is
appealing
to long
term
investment that
generates
sustainable income?
3. Need
for
strategies
to
continue
to
be
nimble
over
a
long
gestation
period, subjected to
property
cycles
and
economic
conditions.
a) How
do
we
continue
to
be
agile
against
an
environment
that
is
constantly
changing?
b) How
do
we
innovate
commercially
viable
options
to
meet
expectations
of
all
stakeholders?
Invest
in
TRUST
Part
1
Snapshot
of
Wakaf Sector
in
Singapore
Part
2
Setting
the
(Right)
Formula
Part
3
Innovation
&
Wakaf Transformation
(Value
Creation)
Part
1
Snapshot
of
Wakaf Sector
in
Singapore
MUIS-‐‑managed Mutawalli-‐‑managed
Wakaf Accounts 67 33
Wakaf Properties 72 69
Investment
Property
$316M $333M
Valuation
Average
Name
of
Average Year
of
Average
PSF
Type of
Property PSF
Resale
Property Size
(sqft) Completion Sold
*
2016
Telok Indah Condominium 1615 1995 $450.67 $802.66
The
Chancery
Townhouses 3370 2005 $413.25 $730.00
Residence
Heritage
Condominium 1345 2008 $594.67 $800.00
Residences
Stillz
Condominium 1184 2011 $912.87 $987.00
Residence
Semi-‐‑Detached
Alias Villas 3250 2017 Ranges from
$1,450
– 1,550
Cluster
Housing
Source:
REALIS,
URA
Disbursement
Distribution
*FY
2016
16% Mosque
Madrasah
49%
22% Organisation
&
Others
Overseas
13%
Berita Harian,
24
April
2014 Invest
in
TRUST
2
RIGHT Sukuk Musharakah –
FINANCING
Adopted
to
redevelop
Wakaf Bencoolen
INNOVATION
1% 12% 15%
12%
27%
87%
46%
Non-‐‑Executive
Professionals,
Managers
&
Executive
20-‐‑29 30-‐‑39 40-‐‑49 >
50
Senior
Management
Invest
in
TRUST
5
RIGHT Continuously
build
rapport,
trust
and
W
COMMUNICATION
relationship
with
stakeholders co-‐‑creation
&
ENGAGEMENT ü Constant
sharing
of
progress
on
Wakaf
developments
and
best
practices
to
community;
ü Consistent
engagement
get
feedback
and
views;
ü Create
variety
of
platforms
to
touchbase with
stakeholders
Facebook
Page:
Warees Insights
(Annual
Bulletin)
https://www.facebook.com/aliasvillasbywarees/
42
residential
units
set
in
3
different
classes
with
5
retail
shophouses,
1
historic
bakery
shop
Invest
in
TRUST
Case
Study:
Wakaf Al
Huda
(2014-‐‑2017)
Old
kampong
houses
to
luxurious
residential
semi-‐‑detached
villas
PHASE
2
6
units
of
semi-‐‑
detached
PHASE
1 residential
Al-‐‑Huda
development
Mosque
enhancement
Wallahu’alam