FatwaJohorTransactions & Finance
MEMBINCANGKAN ISU-ISU SEMASA PERMASALAHAN PELABURAN YANG TIDAK JELAS DARIPADA PUAN ROSNANI BINTI MUDA
Is an investment arrangement that pays a fixed monthly profit and then returns the principal considered riba?
Short answer
The Johor State Fatwa Committee ruled that the dealing between the investor and a lawyer falls under riba al-qardh.
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
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Johor State Fatwa Committee ruled that the dealing between the investor and a lawyer falls under riba al-qardh. The creditor received a fixed monthly profit payment for ten months, after which the principal was returned. Such a transaction is prohibited and forbidden.
Written in our own words from the original fatwa — check the source before acting on it.
Urusniaga di antara Puan Rosnani dengan peguam tersebut termasuk di dalam Riba' Al-Qardu.
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. “MEMBINCANGKAN ISU-ISU SEMASA PERMASALAHAN PELABURAN YANG TIDAK JELAS DARIPADA PUAN ROSNANI BINTI MUDA”, 6 July 2010. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=300. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/fixed-monthly-profit-investment-riba-qardh/