FatwaPenangTransactions & Finance
WANG FAEDAH BANK MEMBINA MASJID
Can bank interest money be used to build a mosque?
Short answer
The Penang State Syariah Committee ruled on 29 September 1973 that interest paid by banks to depositors is riba.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Syariah Committee ruled on 29 September 1973 that interest paid by banks to depositors is riba. Therefore, such money is not permissible to use for the construction of a mosque.
Written in our own words from the original fatwa — check the source before acting on it.
faedah yang dikeluarkan oleh bank kepada ahli-ahli penyimpan adalah riba, maka oleh itu tidaklah harus digunakan untuk binaan masjid.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “WANG FAEDAH BANK MEMBINA MASJID”, 29 September 1973. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=832. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/bank-interest-money-build-mosque/