FatwaNationalTransactions & Finance
Status Terkini Pematuhan Syariah Skim Sijil Simpanan Premium Bank Simpanan Nasional (BSN)
Does the updated BSN Premium Savings Certificate scheme comply with Shariah and is it permissible?
Short answer
The 98th Muzakarah of the National Fatwa Committee in February 2012 ruled that the renewed BSN Premium Savings Certificate scheme is fully Shariah compliant and permissible.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The 98th Muzakarah of the National Fatwa Committee in February 2012 ruled that the renewed BSN Premium Savings Certificate scheme is fully Shariah compliant and permissible. The decision followed a briefing from BSN stating that the scheme now uses the Mudharabah contract (profit sharing). Funds are invested in Shariah compliant instruments and assets, and the prizes are contributed from BSN's Islamic Banking Scheme funds.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah bersetuju memutuskan bahawa skim Sijil Simpanan Premium yang telah diperbaharui pelaksanaannya oleh BSN adalah produk yang sepenuhnya mematuhi Syariah dan diharuskan oleh syarak.
Read the full fatwa on the National website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Status Terkini Pematuhan Syariah Skim Sijil Simpanan Premium Bank Simpanan Nasional (BSN)”, 15 February 2012. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#status-terkini-pematuhan-syariah-skim-sijil-simpanan-premium-bank-simpanan-nasional-bsn. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/bsn-premium-savings-certificate-shariah-compliant/