Warees Investments

We are a niche asset management company which focuses on unlocking and maximizing the value of real estate endowment and institutional properties for the betterment of the Muslim community in Singapore.


Preserving Legacies through Real Estate

Warees Investments Pte Ltd is one of the region’s premier endowment asset management companies, and is responsible for unlocking the value of wakaf properties and revitalising them into prime commercial and residential properties. Beyond commercial endeavours,  Warees provides real estate development services to the Muslim community in Singapore by undertaking institutional projects such as building and upgrading mosques as well as madrasahs.

Year of Incorporation


Fully Owned Subsidiary of

Islamic Religious Council of Singapore


Abdul Razak Hassan Maricar

Chief Executive Officer

Masagoes Isyak

Heritage Reimagined

We work closely with stakeholders from the Islamic Religious Council of Singapore, Wakaf administrators, mosque management boards and the wider Muslim community to ensure that the community’s real estate assets are optimized without compromising the historical, cultural, heritage and community aspects of the asset. Over at Warees, we put the community first.



>$0.7B Assets under Management >150 Properties 65 Endowments ≈15 Mosque Projects Annually

Community Assets

Warees provides turnkey solutions in managing community assets such as Wakaf, Mosques and Madrasahs. Our expertise in the areas of property development, project management, project financing, asset enhancement and facilities management has allowed us to grow the value of the assets under our management significantly over the years.

Our award winning milestone projects are developed with one primary objective in mind. Safeguarding the community assets for current and future needs.

Our Key



Incorporation of Warees Investments Pte Ltd

Corporatised arm of the property development department of Muis.

First Service Apartments

Completion of Wakaf Bencoolen, marked as a landmark innovative mixed development project. The former Bencoolen Mosque was redeveloped, and incorporated into a a 3-storey commercial space and a 12-storey service apartment tower managed by Ascott Limited. The value of the wakaf appreciated from SGD800,000 to more than SGD71 million in under 10 years.

First Cluster Housing Concept Development

Completion of Chancery Residence, a 34-unit townhouse endowment project which benefited the YAL Saif Trust. Its investment proceeds of SGD400,000 was disbursed to self-help group, Yayasan Mendaki.

First Sukuk

Wakaf Bencoolen won a Regional Award for the category Regional Continuing Contribution to Islamic Finance at the Sheikh Mohammed Bin Rashid Al Maktoum Islamic Finance Awards for its Islamic Sukuk financing model.

First Major Asset Migration Project

The purchase of 11 Beach Road building was a classic example of the first asset migration of 43 low yielding wakaf to high yielding wakaf. The purchase requires financing and it was decided Islamic financing in the form of Musyarakah Bond, the first Islamic Bond in Singapore.

SIA-Design Excellence Award (Gold)

An-Nahdhah Mosque, located in Bishan new estate, the sixth mosque built under Phase III of the Mosque Building and Mendaki (MBMF) programme.

First Baitulmal Asset Enhancement Residential Project

Completion of Heritage Residences at 101 Lorong L Telok Kurau, a freehold condominium development consisting of 19 units.

First Mosque with Major Architectural Award Outside of Singapore

Assyafaah Mosque in Sembawang conferred a winner at the 8th SIA-Architectural Design Award.

Launch of the Singapore Islamic Hub

Official Launch of Singapore Islamic Hub at Braddell Road, also known as the hub of the community. The significant landmark development consist of Muhajirin Mosque, Madrasah Al-Irsyad Al-Islamiah and Majlis Ugama Islam Singapura (Muis) headquarters.

First Green Mark Certified Mosque

Al-Mawaddah Mosque, conceptualised as the first family friendly mosque in Singapore, won a Building Construction Authority (BCA) Universal Design Award and Construction Excellence Award. It also became the first place of worship to achieve Green Mark certification.

Completion of Stillz Residence

Warees’ first residential development comprising twenty five (25) 2 bedroom units and 3 bedroom penthouse units. This 5 storey freehold development is situated in the eastern part of Singapore between Still Road and Lorong 108 Changi Road.

First Indian Muslim Heritage Centre

Completion of restoration work of Indian/Muslim shrine, Nagore Dargah. Constructed between 1827 and 1830, the national monument is now also an Indian/Muslim Heritage Centre first in the world.

First Wakaf Revitalisation Scheme Project

Inaugural Launch of The Red House, an integrated heritage development situated within Katong’s most historical district. The Red House, which will be retained as a bakery, is part of Wakaf Sheriffa Zain Alsharoff, is a 42-unit residential development and 5 retail shophhouses. The project also featured a unique Institutional Investments Initiative (3I) scheme where Five mosques agree to inject their reserves into the Red House wakaf development project

Architectural Awards

Official opening of Punggol’s Al Islah Mosque on 5 June 2015. The project won the SIA Architectural Design for Institutional Building Category in October 2015. In the same year, Alkaff Upper Serangoon Mosque won the URA Architectural Heritage Award.

Red House Development Project

Completion of Red House Development at 63 East Coast Road.

BCA Universal Design Award

The Building and Construction Authority (BCA) conferred the BCA Universal Design Award to Al Falah Mosque which bagged the top honour Platinum Award, while Darul Ghufran won the Gold Award.

Completion of Alias Villas

Completion of the second Wakaf Revitalisation Scheme project at Jalan Haji Alias.

Launch of Wakaf Revitalisation Scheme 3

A mixed development project comprising Masjid Jamae Chulia and the vacant plot of land at Mosque Street was announced

Case Study

Case Study

The Red House

Using a unique community funding model, a dilapidated row of shophouses were transformed into condominium units and refurbished retail and F&B outlets without having to take leverage. Find out how we did it.