The Malaysian Endowment Foundation is in building five three-star hotels on its endowment land in Terengganu, Perak, Melaka, Negeri Sembilan and Kelantan.
Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom said Monday the hotels, which cost RM100 million each, were expected to be completed between next year and 2012.
He said this after witnessing the signing of a Memorandum of Understanding (MoU) between the foundation and Amanah Raya Berhad here.
The memorandum is aimed at promoting the foundation as beneficiary to potential donors, encouraging Muslims to donate to the foundation through Amanah Raya and providing solutions to Muslims who wish to donate their properties through endowment after their death.
Source : Bernama
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