FatwaJohorEndowment (Waqf) & Religious Property
MOHON FATWA PERMOHONAN MEWAKAFKAN SAHAM OLEH TPM MANAGEMENT SDN BHD ANAK SYARIKAT JOHOR CORPORATION
How should the profit benefits from the TPM Management Sdn Bhd shares endowed by a Johor Corporation subsidiary be distributed?
Short answer
The Johor State Fatwa Committee decided that the profit benefits of 100% of the TPM Management Sdn Bhd shares are divided 70% to Johor Corporation, 25% to Kumpulan Wakaf An-Nur Sdn Bhd and 5% to the Johor State Islamic Religious Council.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Johor State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Fatwa Negeri Johor
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Johor State Fatwa Committee decided that the profit benefits of 100% of the TPM Management Sdn Bhd shares are divided 70% to Johor Corporation, 25% to Kumpulan Wakaf An-Nur Sdn Bhd and 5% to the Johor State Islamic Religious Council. If Johor Corporation's 70% share of the profit is invested, the returns are to be contributed at the discretion and judgement of the Wakaf An-Nur management. The decision was made on 1 July 2008 and was not gazetted.
Written in our own words from the original fatwa — check the source before acting on it.
Manfaat keuntungan 100% daripada saham TPM Management Sdn Bhd dibahagikan 70% kepada Johor Corporation, 25% kepada Kumpulan Wakaf An-Nur Sdn Bhd dan 5% kepada Majlis Agama Islam Agama Negeri Johor.
Read the full fatwa on the Johor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Johor State Mufti Department. “MOHON FATWA PERMOHONAN MEWAKAFKAN SAHAM OLEH TPM MANAGEMENT SDN BHD ANAK SYARIKAT JOHOR CORPORATION”, 1 July 2008. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=1080. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/distribution-of-endowed-tpm-management-share-profits/