FatwaNegeri SembilanTransactions & Finance
Penyucian Dividen Simpanan Ahli KWSP Sedia Ada Sebelum Bertukar Ke Akaun KWSP Yang Diuruskan Mengikut Prinsip Syariat (KWSP-Islamik)
Do existing EPF members need to purify their dividends before switching to an EPF Islamic account?
Short answer
Existing EPF members who choose the EPF Islamic account do not need to cleanse their dividends for the first-time switch.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Negeri Sembilan Mufti Department
- Status
- Fatwa committee decision
- Series
- Fatwa Negeri Sembilan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Existing EPF members who choose the EPF Islamic account do not need to cleanse their dividends for the first-time switch. The decision rests on several findings: EPF profits are earned through lawful investment effort rather than wrongful seizure (ghasab), members had no choice or right to manage their savings from the start of contributing, and no Shariah advisory council ruling requires purification of non-compliant income before investing in Shariah-compliant products. Bank Negara Malaysia's Shariah Advisory Council also permits dividends from conventional products to be reinvested in Shariah-compliant products.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah bersetuju memutuskan bahawa ahli KWSP sedia ada yang memilih akaun KWSP-Islamik tidak perlu melakukan pembersihan dividen bagi pertukaran kali pertama.
Read the full fatwa on the Negeri Sembilan website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Negeri Sembilan Mufti Department. “Penyucian Dividen Simpanan Ahli KWSP Sedia Ada Sebelum Bertukar Ke Akaun KWSP Yang Diuruskan Mengikut Prinsip Syariat (KWSP-Islamik)”, date not stated. https://muftins.gov.my/fatwa/penyucian-dividen-simpanan-ahli-kwsp-sedia-ada-sebelum-bertukar-ke-akaun-kwsp-yang-diuruskan-mengikut-prinsip-syariat-kwsp-islamik/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/epf-dividend-purification-before-islamic-account-switch/