Finances of Warees Halal Limited

6742. Mr Muhamad Faisal Abdul Manap: To ask the Minister for Social and Family Development and Minister-in-charge of Muslim Affairs (a) whether the Ministry has data on Warees Halal Limited’s yearly (i) revenue (ii) expenses and (iii) income from 2020 to 2024; and (b) whether Warees Halal Limited’s yearly income is being set aside as reserves, placed into Baitulmal or other channels for community uses.

1. The audited annual financial statements of Warees Halal Limited, which is a Company Limited by Guarantee, are publicly available and can be purchased from ACRA’s website.

2. The treatment of any surplus is governed by its Board of Directors, which decides on the allocation to the company’s reserves. The reserves may be used for purposes such as meeting contingency needs, reinvestment in the company's operations, and donations in support of welfare and charitable causes, provided that such donations are consistent with the company’s objectives and comply with any applicable legal requirements.