Asean Mall in Pattani, Southern Thailand is one of the pioneer project in Waqf Productive. It is a Muslim Friendly Community Mall that will also serve as gateway to Asean businesses. The Asean Mall is part of the Madinah As-Salam Township.
Asean Mall is a combination of waqf and investment, this land has been leased under the foundations of Madinatulsalam, it has been developed by investors and has completed 95%. We would like to invite more investors to share with us in this Asean Mall investment project. Where an investor will get a return in the form of a dividend and a reward.
UnitiAsia Partners PLT is a Limited Liability Partnership established as a Special Purpose Vehicle (SPV) for investors to participate in Waqf Istithmar (Investment Waqf) project in ASEAN Mall@ Pattani, Thailand.
This project a joint venture project between Madinatussalam (Waqf Land Owner) & Uniti Group 1436 Co. Ltd. (Developer & Operator).
We use the B.O.T.O concept which means:
(1) “B”: BUILD
Build a Mall by way of JV on Waqf Land
(2) “O” : OPERATE
Operate the Mall for 30 years
(3) :”T” : TRANSFER
Transfer Mall ownership to Waqf Foundation after 30 years
(4) “O” : OPERATE
Opearator may stilkl operate after 30 years with a bigger return to Waqf Foundation.
Assoc. Prof. Dr. Ismail Luthfi Japakiya, He is the Chairman of Madinatussalam, a Waqf Township located at the south of Thailand. Asean Mall@Pattani is located in Madinatussalam. He’s also the Rector of Fatoni University in Yala, Thailand.
Jamal Mohd Amin is a Malaysian. He is one of the main person behind this project. He is the President of Uniti.Asia Group, a Malaysian company. He is the Executive Chairman of Uniti Group 1436 Co. Ltd.
Mr. Mokhtar Leman, also one of the main person behind this project. He’s a very well known business man and a philanthropist in Thailand. In this project, he’s also representative of Uniti Group 1436 Co. Ltd.
FAQ
Most frequent questions and answers
Literally waqf means to stop, contain, or to preserve. In shari’ah, a Waqf is a voluntary, permanent, irrevocable dedication of a portion of ones wealth – in cash or kind – to Allah. Once a waqf, it never gets gifted, inherited, or sold. It belongs to Allah and the corpus of the waqf always remains intact. The fruits of the waqf may be utilised for any shari’ah compliant purpose.
Investment Waqf or also known as Waqf Istithmar is a funds contributed in a Productive Waqf Project where the participant may earn profit from the project.
You can contribute to this project either by contributing Cash Waqf or Investment Waqf or a normal investment.
Cash Waqf: No Specifiq Amount, No Dividen, Unlimited Waqf Rewards from Allah s.w.t., insya-Allah, Rewards as being part of waqf mission, Insya-Allah.
Investment Waqf: RM 5,000/ Unit Share, Entitled for dividend, Unlimited Waqf Rewards from Allah s.w.t., insya-Allah, Rewards as being part of waqf mission, Insya-Allah, Prohibited to sell the shares
Investment: RM 5,000/ Unit Share, Entitled for Dividend, Reward as being part of Waqf Mission, Insya-Allah, Allowed to sell shares.
We are expecting the dividend for Partners in UnitiAsia Partners PLT to be about 8%. The first dividend should be distributed in 2021.
However, it depends on the business and economic condition.
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