s 62 Property and assets of wakaf or nazar am
62.—(1) Subject to this section, the property and assets affected by any lawful wakaf or nazar am do not form part of the General Endowment Fund, but must be applied pursuant to such wakaf or nazar am and held as segregated funds.[Act 4 of 2024 wef 01/08/2024] (2) If from lapse of time or change of circumstances it is no longer possible beneficially to carry out the exact provisions of any wakaf or nazar am, the Majlis must prepare a scheme for the application of the property and assets affected thereby in a manner as closely as may be analogous to that required by the terms of such wakaf or nazar am and must apply the same accordingly. (3) The Majlis may, with the written approval of the Minister, direct that the property and assets mentioned in subsection (2) are to be added to and form part of the General Endowment Fund.[Act 4 of 2024 wef 01/08/2024] (4) If the terms of any wakaf or nazar am are such that no method of application of the property and assets affected thereby is specified, or it is uncertain in what manner the same should be applied, the Majlis may direct that the property and assets are to be added to and form part of the General Endowment Fund.[Act 4 of 2024 wef 01/08/2024] (5) All instruments creating, evidencing or affecting any wakaf or nazar am, together with any documents of title or other securities relating thereto, are to be held and retained by the Majlis.