RM10 Billion Wakaf Fund Misappropriation Allegations Rock Kolej Islam Malaya

Allegations of RM10 Billion Misappropriation of Wakaf Funds at Kolej Islam Malaya Spark Calls for Royal Commission of Inquiry Kuala Lumpur, Malaysia – June 14, 2025 – The International Waqf Action Council (iWAQF) has voiced serious concerns regarding allegations of significant misappropriation of wakaf assets belonging to Kolej Islam Malaya (KIM). The alleged amount involved is a staggering RM10 billion, as reported in media outlets on June 13, 2025. This has prompted immediate calls for a thorough investigation. In a statement released today, iWAQF expressed "sadness, disappointment, and concern" over the situation. The organization is urging the Malaysian government to establish a Royal Commission of Inquiry (RCI) to conduct a comprehensive investigation into the matter. This RCI would work in close collaboration with the Conference of Rulers and other relevant agencies to ensure a complete picture emerges. "This is not just a financial matter; it undermines the integrity and trust placed in institutions responsible for managing wakaf funds," stated a representative of iWAQF. "We believe a full and transparent RCI is necessary to restore public confidence and ensure accountability." The investigation is expected to cover the entire history of KIM's wakaf assets, starting from its inception. iWAQF has pledged its full cooperation and offered technical and legal expertise to assist in the process. The outcome of this investigation will be closely watched by the Malaysian public and international observers alike.