FatwaJohorTransactions & Finance
MOHON FATWA MENGENAI URUSNIAGA JUAL BELI EMAS SECARA ANSURAN/HUTANG
Is buying and selling gold by instalment or on credit, as operated by KPMNJ, permissible in Islam?
Short answer
The Johor State Fatwa Committee ruled that gold trading by instalment or on credit, as operated by the Johor Malay Capital Cooperative Berhad (KPMNJ), is permissible under Islamic law.
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 gold trading by instalment or on credit, as operated by the Johor Malay Capital Cooperative Berhad (KPMNJ), is permissible under Islamic law. The decision was made on 8 June 2010 and concerns transactions handled by that cooperative. The fatwa has not been gazetted.
Written in our own words from the original fatwa — check the source before acting on it.
Urusniaga jual belie mas secara ansuran atau hutang yang dikendalikan oleh koperasi permodalan melayu negeri Johor Berhad (KPMNJ) adalah harus mengikut hukum syara'.
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. “MOHON FATWA MENGENAI URUSNIAGA JUAL BELI EMAS SECARA ANSURAN/HUTANG”, 8 June 2010. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=279. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/gold-instalment-credit-sale-kpmnj-johor/