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FatwaPenangEndowment (Waqf) & Religious Property

CADANGAN KUTIPAN WAKAF TUNAI BAGI PEMBANGUNAN TABUNG DANA WAKAF PENDIDIKAN ISDEV (WAKAF EDUCATION FUND FOR ISDEV) ATAU WISDEV OLEH PUSAT KAJIAN PENGURUSAN PEMBANGUNAN ISLAM (ISDEV), UNIVERSITI SAINS MALAYSIA.

Is the cash waqf collection by ISDEV, USM for the ISDEV Education Waqf Fund (WISDEV) permitted, and how must the proceeds be used?

Short answer

The Penang State Fatwa Committee approved the cash waqf collection by ISDEV, USM to develop the ISDEV Education Waqf Fund.

PenangFatwa committee decision

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
Endowment (Waqf) & Religious Property

No evidence of gazettement in the source — this is not a gazetted fatwa.

Summary

The Penang State Fatwa Committee approved the cash waqf collection by ISDEV, USM to develop the ISDEV Education Waqf Fund. The fatwa states that the proceeds are to be spent on permanent matters, and that 70% may be used only to buy permanent items and is endowed as a general waqf through a prescribed pledge wording. The remaining 30% does not become waqf because the fatwa says it is spent on non-permanent matters, and the fatwa does not further explain how this fits with its general statement that the proceeds go to permanent matters.

Written in our own words from the original fatwa — check the source before acting on it.

Meluluskan cadangan kutipan Wakaf Tunai bagi tujuan pembangunan Tabung Dana Wakaf Pendidikan ISDEV, USM.

Excerpt from the original fatwa · Penang

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. “CADANGAN KUTIPAN WAKAF TUNAI BAGI PEMBANGUNAN TABUNG DANA WAKAF PENDIDIKAN ISDEV (WAKAF EDUCATION FUND FOR ISDEV) ATAU WISDEV OLEH PUSAT KAJIAN PENGURUSAN PEMBANGUNAN ISLAM (ISDEV), UNIVERSITI SAINS MALAYSIA.”, 16 October 2008. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=666. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/cash-waqf-collection-isdev-usm-wisdev/