FatwaMelakaTransactions & Finance
Penyaluran Hasil Gharamah Institusi Kewangan Islam Kepada Baitulmal
Where should the gharamah proceeds collected by Islamic financial institutions be channelled?
Short answer
Gharamah proceeds collected by Islamic financial institutions must be channelled to the Baitulmal.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Melaka State Mufti Department
- Date
- Status
- Gazetted
- Series
- Warta Fatwa Negeri Melaka
- Topic
- Transactions & Finance
Gazette evidence in the source: M. P.U. 15
Summary
Gharamah proceeds collected by Islamic financial institutions must be channelled to the Baitulmal. The fatwa describes the Baitulmal as the highest institution managing the wealth and property of Muslims, so this ensures the funds are used for the general welfare of the Muslim community. Imposing gharamah on a financing customer who defaults is permitted, because delayed debt payment by a person who is able to pay is an injustice and may harm Islamic financial institutions.
Written in our own words from the original fatwa — check the source before acting on it.
Gharamah yang dihasilkan dalam institusi kewangan Islam perlu disalurkan kepada institusi yang berkait secara khusus dengan umat Islam supaya ianya tidak disalahgunakan.
Read the full fatwa on the Melaka website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Melaka State Mufti Department. “Penyaluran Hasil Gharamah Institusi Kewangan Islam Kepada Baitulmal”, 26 September 2013. https://www.muftimelaka.gov.my/fatwa/penyaluran-hasil-gharamah-institusi-kewangan-islam-kepada-baitulmal. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/gharamah-proceeds-islamic-financial-institutions-baitulmal/