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How much is the current contribution rate to MBMF? The revised MBMF contribution rate will take effect for wages earned from 1st June 2016. The new rates are: Do “Total Monthly Wage” includes bonuses?
Employees should contribute to the respective SHG funds shown below. Employees who do not wish to contribute or wish to contribute a different amount can contact the respective SHGs for more information. You’re expected to deduct the SHG contributions from your employees' wages.
MBMF contribution rates will therefore be revised to ensure the availability of funds to support the growing socio-religious needs of our community. Maintaining the current rates will lead to a deficit and thus delay the progress of our mosques, the madrasah sector and MENDAKI’s programmes.
Apr 26, 2024 · However, Muslim employees will need to contribute to Mosque Building and Mendaki Fund (MBMF) regardless of what their race states. For example, if a Muslim employee’s indicated race on their NRIC is Indian, they have to contribute to both MBMF and SINDA.
Jan 15, 2024 · In this comprehensive article, we will not only provide you with the updated ECF, SINDA, CDAC, and MBMF contribution rates for the year 2024 but also delve deeper into the history and significance of these funds.
With each monthly contribution to MBMF, you are extending a helping hand to build our mosques, grow our religious programmes and uplift Muslim families.
Nov 30, 2016 · Initially, the Mosque Building Fund set the minimum monthly contribution at S$0.50 per person. In 1977, it was revised to S$1 and then further increased to S$2 in 1991. The contributions support constructing and upgrading of mosques, religious education initiatives, and MENDAKI’s programmes. READ ALSO: Proposed Changes to Payment Services Law.
