logo
MAINS Corporation Records Increased Annual Income

MAINS Corporation Records Increased Annual Income

Barnama20-05-2025

PORT DICKSON, May 20 (Bernama) -- The Yang Dipertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir said the Negeri Sembilan Islamic Religious Council (MAINS) Corporation has shown a significant increase in its annual income since its establishment in 2021.
He said the decision to set up the agency was right and in line with the aspiration to empower the economy of Muslims in Negeri Sembilan and the success achieved reflected the effectiveness of the planning and implementation of the agency's initiatives.
"MAINS Corporation also plans various initiatives and strategies to expand the economic resources and strengthen the income of the organisation,' Tuanku Muhriz said after listening to the 2024 Negeri Sembilan Islamic Affairs Briefing presented by MAINS chairman Datuk Seri Dr Abdul Aziz Sheikh Abdul Kadir.
Tuanku Muhriz also stressed that the principles of Maqasid Syariah should continue to be the basis and guideline in the drafting of policies as well as the implementation of religious programmes in the state.
He added that it was important to ensure the planning and actions taken would bring benefits, guarantee the well-being of the ummah and avoid harm.
Earlier, during the briefing, Abdul Aziz said the current estimated income of MAINS Corporation as of April is RM6.1 million.
He also estimated that the agency could generate an income of RM19.8 million by the end of this year compared to the RM17.9 million it made last year and RM14.4 million in 2023.
He also targeted an income of RM24.5 million next year through building rentals, land leases and property development.
"The projects that are being planned under the corporation include the construction of 31 shop lots in Batu 10 Pekan Labu, Nilai and the development of Sekolah Menengah Agama Johol, Kuala Pilah.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chorsu Bazaar: The Beating Heart Of Tashkent
Chorsu Bazaar: The Beating Heart Of Tashkent

Barnama

timean hour ago

  • Barnama

Chorsu Bazaar: The Beating Heart Of Tashkent

BUSINESS From Siti Radziah Hamzah TASHKENT, June 23 (Bernama) -- 'Malaysia, Malaysia! Come here, I will give you a discount!' – such was the enthusiastic greeting echoing from nearly every tea, nuts and spice stall on the upper floor of Chorsu Bazaar, one of Tashkent's most iconic and historic markets. The unexpected familiarity left me amused as I turned to my photographer, Fathin Suhaira Abd Rahim, and remarked that Malaysians must have built quite the reputation for their spending habits not just at home, but abroad as well. In Uzbekistan, it seems, that reputation has reached legendary status. Local traders recognise and welcome Malaysians at first glance, reflecting the growing presence and warm perception of Malaysian tourists in this Central Asian nation. What began as a friendly sales pitch quickly revealed something more telling: in Uzbekistan, Malaysians aren't just recognised, they're genuinely welcomed. Many stallholders could instantly identify us as Malaysians even before we spoke, often greeting us with warm smiles and enthusiastic offers of discounts. This immediate recognition underscores how Malaysian tourists have become a visible and valued presence in countries far beyond Southeast Asia. Whether driven by word-of-mouth among vendors or the steady stream of Malaysian tour groups, the perception of Malaysians as friendly, polite, and generous customers has clearly taken root. It reflects the growing number of Malaysian travellers exploring new destinations like Uzbekistan, and the meaningful people-to-people connections forged through simple acts of trade and hospitality.

Ringgit higher at opening amid ongoing geopolitical tensions
Ringgit higher at opening amid ongoing geopolitical tensions

The Star

timean hour ago

  • The Star

Ringgit higher at opening amid ongoing geopolitical tensions

KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States' (US) involvement in the Israel-Iran conflict, in focus, said an analyst. At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday's close of 4.2505/2565. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said there are fears of a wider conflagration in the region as the US announced "successful" airstrikes on three Iranian nuclear sites. "The focus is clearly on how it might impact crude oil prices and risk sentiment. "Brent Crude oil prices rallied by 2.49 per cent to US$78.93 per barrel, the highest since January 2025 with concerns over Iranian retaliation and (the possibility that it) might use the Straits of Hormuz choke point as leverage in the prevailing conflict," he told Bernama. Mohd Afzanizam also said the ringgit could depreciate against the US dollar due to the defensive mode among traders. He said there could be a risk-off mode in the currency market,as the US DXY has risen to 98.937 points, while precious commodities, such as spot gold, were up by 0.27 per cent to US$3,377.42 per ounce. At the opening, the ringgit traded higher against a basket of major currencies. It trended higher against the Japanese yen at 2.9023/9186 from 2.9245/9289 at Friday's close, rose versus the British pound to 5.7000/7316 from 5.7356/7437, and inched up against the euro to 4.8800/9070 from 4.9000/9069 previously. The local note also traded firmer against its ASEAN counterparts. It appreciated against the Singapore dollar to 3.2948/3133 from 3.3088/3140 at Friday's close, climbed to 12.9243/13.0042 from 12.9727/9969 versus the Thai baht, advanced vis-a-vis the Indonesian rupiah to 258.6/260.2 from 259.2/259.7 and gained against the Philippine peso to 7.42/7.46 from 7.43/7.45. - Bernama

Jetoptera Executes FETT for FTC-250 at Paris Air Show 2025
Jetoptera Executes FETT for FTC-250 at Paris Air Show 2025

Barnama

timean hour ago

  • Barnama

Jetoptera Executes FETT for FTC-250 at Paris Air Show 2025

PARIS, June 23 (Bernama) -- On the occasion of Jetoptera's debut at the Paris Air Show 2025, we are proud to announce the successful completion of the first test of the engine that will power the J-500, the 500-lb VTOL cargo unmanned aircraft system Jetoptera is developing in collaboration with Eanan Al Samma, for the United Arab Emirates (UAE) market. The First Engine To Test (FETT) was evaluated at the VAN DER LEE Turbo Systems facilities in Zaandam, The Netherlands. The 250 kW turbocompressor, that is the heart of the Fluidic Propulsive System™, is a two-shaft engine using a free turbine that is mechanically coupled to a two-stage axial compressor designed to produce the appropriate flow rates and pressure ratios required by the FPS™. 'The FETT demonstrated a very smooth startup and operability when operated in a turbofan mode. The engine was instrumented in this configuration, to monitor pressure and temperature as well as thrust produced. The next step includes the performance mapping of the turbocompressor, followed by the integration with the FPS™ onto the J-500 airframe,' said Dr Andrei Evulet, CEO/CTO of Jetoptera, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store