FatwaNationalEndowment (Waqf) & Religious Property
Hukum Penyaluran Hasil Gharamah Institusi Kewangan Islam Ke Baitulmal
Where should the gharamah income collected by Islamic financial institutions be channelled?
Short answer
The Muzakarah resolved that gharamah income of Islamic financial institutions must be channelled to the Baitulmal.
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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Muzakarah resolved that gharamah income of Islamic financial institutions must be channelled to the Baitulmal. Gharamah may be imposed on defaulting financing recipients because delayed repayment by a person who is able to pay is regarded as an injustice and can harm Islamic financial institutions. The income should go to an institution specifically connected with Muslims to prevent misuse, and the Baitulmal was chosen as the highest institution managing Muslim funds and property, so that its use serves the general public interest of the Muslim community.
Written in our own words from the original fatwa — check the source before acting on it.
hasil gharamah Institusi Kewangan Islam hendaklah disalurkan ke Baitulmal bagi memastikan penggunaan harta tersebut menepati maslahah ammah umat Islam.
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). “Hukum Penyaluran Hasil Gharamah Institusi Kewangan Islam Ke Baitulmal”, 6 May 2012. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-penyaluran-hasil-gharamah-institusi-kewangan-islam-ke-baitulmal. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/channelling-gharamah-income-islamic-financial-institutions-baitulmal/