As a non-profit organisation, Al-Wariseen relies on contribution and generosity of private individual and corporations to fund our activities.

 

The trustees are entrusted to bring Al-Wariseen and its activities into prominence and to receive/administer the contribution from those who believe and share the objective of Al-Wariseen. 

 

Donation and contribution to Al-Wariseen activities will be tax exempted from income tax in accordance with subsection 44(6B) sub-paragraph 13(1)(1) of 6th Schedule of the income tax Act 1967, exclusively for the purposes of religious worship or the advancement of religion.

 

Donation or contribution to Al-Wariseen can be made in Cash or through Internet Banking Transfer, Cheque and Bank Draft.  The following information of Al-Wariseen bank account below.

 

Name of Bank: Malayan Banking Berhad (Maybank)

Account Name: Al-Wariseen

Account No.  :  5-14356-72318-0

Branch: Wisma Genting, Kuala Lumpur 

Swift Code: MBBE MYKL

 

Once we received or notified of the donation we will issue Tax Exemption Receipt to the contributor.  Contributor to provide us with the following particulars such as full name/company name and IC No. / Co. Registration No.

Reports and Accountability

All activities and fund applied will be accounted and table to the Board of Trustees.  At the end of the accounting period fund received and activities approved, operational expenditure and acquisition of assets will be audited by the professional auditor firm.

 

Financial reports and all activities will be submitted to the registrar Bahagian Hal Ehwal Undang-undang, Jabatan Perdana Menteri (BHEUU) and Lembaga Hasil Dalam Negeri Malaysia (LHDNM).

Process Flow of Funds

FUNDING