Sarawak Premier Proposes Trust Fund to Preserve Malay-Owned Properties

The Need for Preservation

Sarawak premier Abang Johari Openg has emphasized the importance of preserving Malay-owned properties in the state. He expressed concern that many of these properties are being lost due to lack of financial resources among the Malay community.

According to Abang Johari, Malay associations in Sarawak can create a trust fund to manage Malay-owned properties. This fund can buy these properties at market prices and manage them without changing their status.

The Solution: A Trust Fund

The premier explained that the trust fund can purchase Malay-owned properties through faraid (Islamic inheritance) and manage them by buying at market prices. This approach will ensure that the properties do not “slip away”, especially if they are located in Malay areas.

Abang Johari emphasized the importance of financial strength in preserving Malay heritage. He said that Malays must come together and invest through this trust fund to defend their heritage.

Collaboration with Non-Malays

The premier also suggested working with non-Malays with the condition that Malays themselves must take part as equity partners. He emphasized that this is necessary to ensure that Malays have financial strength and are not sold out.

Abang Johari cited examples of Malay areas where properties have been lost due to lack of financial resources. He warned that this could happen in other areas if Malays do not come together and invest through the trust fund.

Conclusion

Abang Johari’s proposal for a trust fund to preserve Malay-owned properties is a timely and important initiative. It recognizes the importance of financial strength in preserving heritage and provides a solution to address the issue of properties being lost due to lack of resources.

Frequently Asked Questions

Q: What is the purpose of the trust fund?
A: The trust fund is designed to preserve Malay-owned properties by buying them at market prices and managing them without changing their status.

Q: How will the trust fund work?
A: The trust fund will work by purchasing Malay-owned properties through faraid (Islamic inheritance) and managing them by buying at market prices.

Q: Will the trust fund only work with Malay associations?
A: No, the trust fund will also work with non-Malay associations, provided that Malays take part as equity partners.

Q: What are the benefits of the trust fund?
A: The trust fund will help ensure that Malay-owned properties are preserved and managed by the Malay community, thereby defending their heritage.