FatwaPerakTransactions & Finance
Fatwa Mengenai Hukum Penyaluran Gharamah Institusi Kewangan Islam ke Baitulmal
Must penalty charges (gharamah) collected by Islamic financial institutions be channelled to Baitulmal?
Short answer
This Perak fatwa holds that it is permissible to impose gharamah on a financing customer who defaults, based on the hadith that regards delayed debt payment by a person who is able to pay as an injustice that can harm Islamic financial institutions.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perak State Mufti Department
- Date
- Status
- Gazetted
- Series
- Fatwa Yang Diwartakan
- Topic
- Transactions & Finance
Gazette evidence in the source: Pk.P.U.54
Summary
This Perak fatwa holds that it is permissible to impose gharamah on a financing customer who defaults, based on the hadith that regards delayed debt payment by a person who is able to pay as an injustice that can harm Islamic financial institutions. The proceeds of gharamah must be channelled to Baitulmal, as the highest institution managing the money and property of Muslims. This is to ensure the funds are used for the general public interest of Muslims and are not misused.
Written in our own words from the original fatwa — check the source before acting on it.
mesyuarat bersetuju memutuskan bahawa hasil gharamah institusi kewangan Islam hendaklah disalurkan ke Baitulmal bagi memastikan
Read the full fatwa on the Perak website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perak State Mufti Department. “Fatwa Mengenai Hukum Penyaluran Gharamah Institusi Kewangan Islam ke Baitulmal”, 30 August 2018. https://mufti.perak.gov.my/images/Fatwa/38.Gharamah.pdf. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/channelling-gharamah-islamic-financial-institutions-baitulmal/