FatwaSelangorTransactions & Finance
Fatwa Penyucian Dividen Simpanan Ahli KWSP Sedia Ada Sebelum Bertukar ke Akaun KWSP Yang Diuruskan Mengikut Prinsip Syariah (KWSP-Islamik)
Must the EPF purify the existing dividends on members' savings before they switch to a Shariah-compliant EPF account?
Short answer
The Selangor Fatwa Committee ruled that the EPF is not obliged to purify the dividends on the existing savings of all members who agree to switch to the EPF-Islamic account.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor Fatwa Committee ruled that the EPF is not obliged to purify the dividends on the existing savings of all members who agree to switch to the EPF-Islamic account. Muslim contributors are required to contribute to the EPF-Islamic account. The EPF must also practise Shariah-compliant investment.
Written in our own words from the original fatwa — check the source before acting on it.
KWSP tidak diwajibkan untuk melakukan penyucian terhadap dividen simpanan semua ahli KWSP yang bersetuju untuk bertukar ke akaun KWSP-Islamik;
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Fatwa Penyucian Dividen Simpanan Ahli KWSP Sedia Ada Sebelum Bertukar ke Akaun KWSP Yang Diuruskan Mengikut Prinsip Syariah (KWSP-Islamik)”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/fatwa-penyucian-dividen-simpanan-ahli-kwsp-sedia-ada-sebelum-bertukar-ke-akaun-kwsp-yang-diuruskan-mengikut-prinsip-syariah-kwsp-islamik/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/epf-dividend-purification-before-switching-islamic-account/