FatwaPenangTransactions & Finance
WANG FAEDAH DARI BANK SIMPANAN NASIONAL
How may interest money from Bank Simpanan Nasional be used?
Short answer
The Penang State Fatwa meeting decided that bank interest may only be used for public welfare purposes (maslahah ammah).
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 Fatwa meeting decided that bank interest may only be used for public welfare purposes (maslahah ammah). Using it for oneself or one's dependants is forbidden. It is permissible to give it to the poor or the needy without expecting any reward from Allah SWT.
Written in our own words from the original fatwa — check the source before acting on it.
faedah dari bank boleh digunakan bagi maksud maslahah ammah sahaja dan haram digunakan untuk faedah diri sendiri dan tanggungannya.
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 DARI BANK SIMPANAN NASIONAL”, 21 December 1983. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1050. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/bank-interest-money-use-bsn/