FatwaPenangTransactions & Finance
MEMOHON PENGESAHAN MENGENAI PERMOHONAN BANK ISLAM MALAYSIA BERHAD (BIMB) BERKENAAN KERJASAMA INISIATIF KEWANGAN SOSIAL: PROGRAM PEMBIAYAAN MIKRO I-TEKAD
Is Bank Islam Malaysia Berhad's i-Tekad Micro Financing Program, run through BIMB's wakalah fund, permissible in Islamic law?
Short answer
The Penang State Fatwa Committee ruled that the BIMB i-Tekad Micro Financing Program, carried out through BIMB's wakalah fund, is permissible (harus).
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee ruled that the BIMB i-Tekad Micro Financing Program, carried out through BIMB's wakalah fund, is permissible (harus). The decision was made at Special Meeting No. 1/2021 on 4 April 2021, concerning BIMB's social finance initiative collaboration.
Written in our own words from the original fatwa — check the source before acting on it.
Program Pembiayaan Mikro i-Tekad BIMB melalui dana wakalah BIMB adalah harus.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “MEMOHON PENGESAHAN MENGENAI PERMOHONAN BANK ISLAM MALAYSIA BERHAD (BIMB) BERKENAAN KERJASAMA INISIATIF KEWANGAN SOSIAL: PROGRAM PEMBIAYAAN MIKRO I-TEKAD”, 4 April 2021. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1520. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/i-tekad-micro-financing-bimb-wakalah-fund/