Missing Billions: Kolej Islam Malaysia Wakaf Scandal Surpasses 1MDB

Missing Billions: Investigation into Kolej Islam Malaysia Wakaf Funds Exceeds 1MDB Scandal Kuala Lumpur, Malaysia – A major investigation is underway in Malaysia concerning the disappearance of billions of Ringgit from the wakaf (religious endowment) assets of Kolej Islam Malaysia. The scandal, according to Firdaus Ahmad Azzam, Secretary of the committee formed to recover the funds, surpasses even the infamous 1MDB case in scale. "The value of the missing assets is said to exceed the 1MDB scandal, and this revelation could change the landscape of Malaysia." Azzam stated in an interview featured in the Malaysia Gazette video report. Azzam explained that the committee has been working for years to recover the funds, and they have recently taken the matter to court in collaboration with the Selangor Islamic Religious Council. The video shows several meetings of the committee reviewing documents related to the case. The investigation highlights the urgent need for greater transparency and accountability in managing religious endowments. The outcome of the legal proceedings will be closely watched by the public.