FatwaPenangEndowment (Waqf) & Religious Property
CADANGAN MEWUJUDKAN INSTRUMEN KUTIPAN DANA WAKAF TUNAI MELALUI KAEDAH WAKAF DIVIDEN
Is it permissible for Wakaf Pulau Pinang to establish a cash waqf fund collection instrument through the dividend waqf method?
Short answer
The Penang State Fatwa Committee decided that the proposal by Wakaf Pulau Pinang to establish a cash waqf fund collection instrument through the dividend waqf method 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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee decided that the proposal by Wakaf Pulau Pinang to establish a cash waqf fund collection instrument through the dividend waqf method is permissible. Wakaf Pulau Pinang is also permitted to implement a Share Unit Waqf Instrument for collecting cash waqf funds if the waqf donor wishes to do so.
Written in our own words from the original fatwa — check the source before acting on it.
Bersetuju dengan cadangan Wakaf Pulau Pinang (WPP) untuk mewujudkan instrumen kutipan dana wakaf tunai melalui kaedah wakaf dividen, dan hukumnya adalah harus.
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 MEWUJUDKAN INSTRUMEN KUTIPAN DANA WAKAF TUNAI MELALUI KAEDAH WAKAF DIVIDEN”, 3 August 2022. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1532. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/cash-waqf-through-dividend-waqf-method/