FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #1607: HUKUM MEMINJAM WANG SIMPANAN TABUNG HAJI ANAK UNTUK DILABURKAN DI ASB
Is it permissible for a mother to borrow her child's Tabung Haji savings to invest in ASB and use the dividends to pay for tuition fees?
Short answer
Lending money is permissible and commendable, including to one's own parents.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Al-Kafi li al-Fatawi
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Lending money is permissible and commendable, including to one's own parents. The National Fatwa Committee at its 80th Muzakarah ruled that investing in ASB and receiving its dividends is permissible, so a child may lend money, including Tabung Haji savings, to his or her mother. The borrower must return the principal whether the investment profits or loses, since the investor bears both the risk and the gain.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah telah memutuskan bahawa hukum melabur dalam skim Amanah Saham Nasional (ASN) dan Skim Amanah Saham Bumiputera (ASB) serta dividen atau bonus yang diterima adalah harus.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “AL-KAFI #1607: HUKUM MEMINJAM WANG SIMPANAN TABUNG HAJI ANAK UNTUK DILABURKAN DI ASB”, 14 February 2020. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/4184-al-kafi-1607-hukum-meminjam-wang-simpanan-tabung-haji-anak-untuk-dilaburkan-di-asb. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/borrowing-childs-tabung-haji-savings-invest-asb/