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FatwaPenangEndowment (Waqf) & Religious Property

KONSEP PENGGUNAAN MANFAAT DARIPADA INSTRUMEN WAKAF TUNAI BERDASARKAN KEPADA HASIL KEUNTUNGAN MUDHARABAH YANG DIPEROLEHI DARIPADA SIMPANAN TETAP FIX DEPOSIT WANG DARIPADA SUMBER WAKAF

Is it permissible to use the benefits of cash waqf from mudharabah profits earned on fixed deposits made with waqf funds?

Short answer

The Penang State Fatwa Committee ruled that using the benefits of cash waqf from mudharabah profits on fixed deposits of waqf money is permissible.

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 ruled that using the benefits of cash waqf from mudharabah profits on fixed deposits of waqf money is permissible. The permission is conditional: it is only for a temporary period, and the Penang Islamic Religious Council (MAINPP) must quickly work to obtain permanent assets to fulfil the wishes of the waqf donors. MAINPP must also invest using the tawarruq concept or in gold, which is more stable and does not lose value.

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

Konsep penggunaan manfaat daripada instrumen Wakaf Tunai berdasarkan kepada hasil keuntungan 'Mudharabah' yang diperolehi daripada Simpanan Tetap 'Fix Deposit' Wang daripada sumber wakaf adalah harus.

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. “KONSEP PENGGUNAAN MANFAAT DARIPADA INSTRUMEN WAKAF TUNAI BERDASARKAN KEPADA HASIL KEUNTUNGAN MUDHARABAH YANG DIPEROLEHI DARIPADA SIMPANAN TETAP FIX DEPOSIT WANG DARIPADA SUMBER WAKAF”, 5 December 2018. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1296. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/cash-waqf-fixed-deposit-mudharabah-profits/