FatwaKedahTransactions & Finance
CADANGAN MEWUJUDKAN SKIM PEMBIAYAAN PERUMAHAN UNTUK KAKITANGAN MAJLIS AGAMA ISLAM KEDAH (MAIK) MELALUI KAEDAH BAI' BITHAMAN
May the Kedah Baitulmal set up a housing financing scheme for MAIK staff using the Bai' Bithaman Ajil method?
Short answer
The Fatwa Committee saw no objection to Baitulmal creating schemes that benefit MAIK staff, provided its finances are stable and all its liabilities toward the interests of Muslims have been settled.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Kedah State Mufti Department
- Status
- Opinion (irsyad)
- Series
- Irsyad Al-Fatwa
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Fatwa Committee saw no objection to Baitulmal creating schemes that benefit MAIK staff, provided its finances are stable and all its liabilities toward the interests of Muslims have been settled. The conditions are that the scheme does not conflict with the original purpose of Baitulmal, that it is low risk such as the Ujrah Thummal Bai' scheme to reflect the concept of ta'awun, and that it brings no long-term burden or harm to MAIK. The Council is advised to be careful in managing Baitulmal assets and to consider financing methods that serve both MAIK's interests and the rights of borrowers.
Written in our own words from the original fatwa — check the source before acting on it.
Jawatankuasa Fatwa berpandangan tiada sebarang halangan bagi pihak Baitulmal untuk mengujudkan apa-apa skim yang memberi manfaat kepada kakitangan MAIK sekiranya jika kewangan Baitulmal berada dalam kedudukan yang stabil
Read the full fatwa on the Kedah website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Kedah State Mufti Department. “CADANGAN MEWUJUDKAN SKIM PEMBIAYAAN PERUMAHAN UNTUK KAKITANGAN MAJLIS AGAMA ISLAM KEDAH (MAIK) MELALUI KAEDAH BAI' BITHAMAN”, date not stated. https://ifatwa.kedah.gov.my/wp-content/uploads/2023/11/Irsyad-al-Fatwa-Skim-Pembiayaan-Perumahan-Kakitangan-Melalui-Kaedah-Bai-Bithamin-Ajil-BBA.pdf. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/housing-financing-scheme-maik-staff-bba/