Outcome of MUIS-directed Review of Financial Transactions between Madrasah Irsyad Zuhri Al-Islamiah and Irsyad Trust Limited
Parliament of Singapore · 4 July 2022
Official Report, 4 July 2022, Vol 95, Issue 63 · Open in the reader (summaries, search, filters)
Mr Muhamad Faisal Bin Abdul Manap asked the Minister for Social and Family Development and Minister-in-charge of Muslim Affairs (a) what is the outcome of the MUIS-directed review of the financial transactions between Madrasah Irsyad Zuhri Al-Islamiah and Irsyad Trust Limited; and (b) what follow-up actions have been taken as a result of the review.
Mr Masagos Zulkifli B M M: In April 2021, MUIS initiated an audit on Madrasah Irsyad Zuhri Al-Islamiah to examine the financial transactions and relationship between the Madrasah and Irsyad Trust Limited (ITL) from 2013, to determine if there were any fraudulent or illegal transactions or activities.
In July 2021, MUIS lodged a Police report based on its preliminary findings from the audit. The MUIS audit is still ongoing. As Police investigations are underway, I am unable to disclose further details at this juncture.
Source: Singapore Parliament Official Report (Hansard) for 4 July 2022. Republished on SGParliament.