Gifts, Donations, Endowments
UKM offers three schemes for donors to participate:
Gifts and Donations
Cash Endowments
Endowmenr with Takaful
Gifts and Donations to UKM
This scheme aims to facilitate donors to make their gifts or donations either in
(a) lump sum, or
(b) installments to UKM.
UKM is the receiving institution and donors are entitled to deduct their
donations and gifts as expenses for tax purposes.
Cash Endowments to UKM
This scheme aims to facilitate donors to make their contributions either in
(a) lump sum, or
(b) installments to UKM.
The contributions are intended as endowments (Waqaf – Islamic Endowment).
Contributions to UKM in the form of endowments are also treated as expenses
for tax purposes to the donor.
Endowment with Takaful to UKM
UKM collaborates with Licensed Takaful Institutions to offer this special endowment plan that incorporates the Takaful (Islamic Insurance) feature.
This scheme enables the donor to accumulate a fund over a stipulated period (minimum 5 years) with tax benefits too.
UKM is the beneficiary and the Takaful Institution is the Scheme Manager.
Upon maturity, the Takaful Institution will make payments for the accumulated endowed funds (plus returns) to UKM.
If death or a calamity befalls the donor during the contribution period, the Takaful Institution will make direct payments of Takaful Benefits to UKM and the donor (family) may also receive a portion of the benefits.
How To Contribute
For all the schemes, donors can contribute via on-line banking services, bank transfers, payroll deductions, bank standing instructions, checks, credit cards or cash.
For more information regarding Waqf and Endowment, you can surf to our portal at www.waqaf.ukm.my or www.endowmen.ukm.my
