Data on Warees Halal Limited's Annual Revenue, Expenses and Income

31 Mr Muhamad Faisal Bin Abdul Manap asked the Minister for Social and Family Development and Minister-in-charge of Muslim Affairs (a) whether the Ministry has data on Warees Halal Limited's yearly (i) revenue, (ii) expenses, and (iii) income from 2020 to 2024; and (b) whether Warees Halal Limited's yearly income is being set aside as reserves, placed into Baitulmal or other channels for community uses.

Mr Masagos Zulkifli B M M: The audited annual financial statements of Warees Halal Limited, which is a Company Limited by Guarantee, are publicly available and can be purchased from the Accounting and Corporate Regulatory Authority's website.

The treatment of any surplus is governed by its Board of Directors, which decides on the allocation to the company's reserves. The reserves may be used for purposes, such as meeting contingency needs, reinvestment in the company's operations and donations in support of welfare and charitable causes, provided that such donations are consistent with the company's objectives and comply with any applicable legal requirements.