FatwaSelangorEndowment (Waqf) & Religious Property
Pandangan Hukum Syarak Penyambungan Tempoh Pengambilan Keuntungan Simpanan Tetap Islamik Di Perbadanan Wakaf Selangor
Can Perbadanan Wakaf Selangor extend the period for drawing profit from Islamic fixed deposits of the Waqf Funds?
Short answer
The Selangor State Fatwa Committee decided that the extension of the profit-drawing period for Islamic fixed deposits of the Waqf Funds is permitted for General Waqf, Cash Waqf and Special Waqf.
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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor State Fatwa Committee decided that the extension of the profit-drawing period for Islamic fixed deposits of the Waqf Funds is permitted for General Waqf, Cash Waqf and Special Waqf. Eighty percent of the profit is channelled to the PWS Corporate account or the PWS Waqf Benefit account. The extension runs for three years from 1 January 2020, and PWS must submit a detailed report of income and expenditure to the Fatwa Committee every six months.
Written in our own words from the original fatwa — check the source before acting on it.
Tempoh penyambungan pengambilan keuntungan simpanan tetap Islamik daripada Kumpulan Wang Wakaf iaitu Wakaf Am, Wakaf Tunai dan Wakaf Khas adalah selama tiga (3) tahun bermula dari 1 Januari 2020.
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. “Pandangan Hukum Syarak Penyambungan Tempoh Pengambilan Keuntungan Simpanan Tetap Islamik Di Perbadanan Wakaf Selangor”, date not stated. https://www.muftiselangor.gov.my/2023/10/27/pandangan-hukum-syarak-penyambungan-tempoh-pengambilan-keuntungan-simpanan-tetap-islamik-di-perbadanan-wakaf-selangor/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/extend-profit-period-islamic-fixed-deposit-waqf-selangor/