FatwaPenangTransactions & Finance
MEMOHON PENGESAHAN MENGENAI PERMOHONAN BANK ISLAM MALAYSIA BERHAD (BIMB) BERKENAAN KERJASAMA INISIATIF KEWANGAN SOSIAL: PEMBIAYAAN PERIBADI-I ASNAF
Is the home ownership project under BIMB's Personal Financing-i Asnaf, run jointly with Zakat Pulau Pinang, permissible?
Short answer
The Penang State Fatwa Committee ruled that the joint home ownership project between Zakat Pulau Pinang and Bank Islam Malaysia Berhad through the Personal Financing-i Asnaf is permissible.
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 Committee ruled that the joint home ownership project between Zakat Pulau Pinang and Bank Islam Malaysia Berhad through the Personal Financing-i Asnaf is permissible. The condition is that the collateral funds for the asnaf financing must come from BIMB's own wakalah fund. The decision was made at Special Meeting No. 1/2021 on 4 April 2021.
Written in our own words from the original fatwa — check the source before acting on it.
Projek pemilikan rumah usaha sama Zakat Pulau Pinang dan Bank Islam Malaysia Berhad (BIMB) melalui Pembiayaan Peribadi i-Asnaf BIMB adalah harus dengan syarat wang cagaran bagi pembiayaan asnaf tersebut diambil daripada dana wakalah BIMB sendiri.
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. “MEMOHON PENGESAHAN MENGENAI PERMOHONAN BANK ISLAM MALAYSIA BERHAD (BIMB) BERKENAAN KERJASAMA INISIATIF KEWANGAN SOSIAL: PEMBIAYAAN PERIBADI-I ASNAF”, 4 April 2021. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1519. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/bimb-asnaf-personal-financing-zakat-penang-ruling/