Trusts and Trust Like Arrangements in Singapore

This microsite sets out:

• The different types, forms and basic features of express trusts and wakafs, a trust-like arrangement under Muslim law [1] ; and

• The processes for (i) the setting up of such express trusts and trust-like arrangements; and (ii) the obtaining of basic and beneficial ownership information; and

• Trustees’ obligations and duties, including with respect to obtaining and holding basic and beneficial ownership information (Anti Money Laundering / Countering the Financing of Terrorism (“AML/CFT”) obligations).

  If you suspect a trustee may have breached his AML/CFT obligations, please write to us at this link.
  
  

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  [1] The wakaf is a Muslim arrangement and not a trust within the meaning of the Trustees Act 1967 (Mohamed Shariff Valibhoy v Arif Valibhoy [2016] 2 SLR 301 at [97]).