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Real estate organisations offering valuation services are subject to the complexity of the property industry. The progress of the property market has made real estate organisationsseek for their core competencies.Thus, wouldinvite for proper knowledge management implementation. The motive of this study was to explore the implementation obstacles for knowledge management in the real estate organisation and to understand the situations. This study was using theinterview as the main data collection instrument and had collected various responses from the respondents. It overviewed the current state of real estate practice and indicated any possible improvements.

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The willingness of the Federal Government to fund waqf development in the Ninth Malaysia Plan (9MP) has greatly influenced the awareness and efforts to transform the waqf institution in Malaysia. However, a drastic reform was introduced during the Tenth Malaysia Plan (10MP) in line with the government’s transformation efforts has resulted in the application process for the development allocation becomes more difficult to be granted. This has led the State Islamic Religious Councils (MAINs) to no longer apply the budget from the Federal Government. Under this circumstance, this study has established the objective of reviewing MAINs’ perceptions on changes in development provisions implemented by the government. The method used for the study is a combination of document analysis and face-to-face interviews. This study uses content analysis as a method of analysis. The findings show that MAINs has the difficulty to meet all the requirements of the application due to several reasons. Consequently, MAINs has no longer to rely on the Federal Government to get the waqf land development fund and has to explore other suitable financing methods for its development projects.

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