FatwaPenangEndowment (Waqf) & Religious Property
CADANGAN MELABURKAN SEBAHAGIAN DANA WAKAF TUNAI DALAM PELABURAN JANGKA PENDEK SEBAGAI PEMBIAYA/PEMBELI SURAT AKAUN GADAIAN (SAG) PENGENDALI AR-RAHNU
Can Penang Waqf invest part of its cash waqf funds in short-term investments as a financier or buyer of Pawn Account Certificates (SAG) of ar-Rahnu operators?
Short answer
The Penang State Fatwa Committee decided that the proposal should be deferred.
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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee decided that the proposal should be deferred. Penang Waqf must present full details of Shoraka Suyula, the company serving as the investment platform, to the Fatwa Committee. The waqf body is also advised to be cautious in managing the waqf funds of Muslims.
Written in our own words from the original fatwa — check the source before acting on it.
Bersetuju agar pihak Wakaf Pulau Pinang (WPP) menangguhkan cadangan melaburkan sebahagian dana wakaf tunai dalam pelaburan jangka pendek sebagai pembiaya/pembeli Surat Akaun Gadaian (SAG) Pengendali ar-Rahnu.
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. “CADANGAN MELABURKAN SEBAHAGIAN DANA WAKAF TUNAI DALAM PELABURAN JANGKA PENDEK SEBAGAI PEMBIAYA/PEMBELI SURAT AKAUN GADAIAN (SAG) PENGENDALI AR-RAHNU”, 3 August 2022. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1534. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/invest-cash-waqf-funds-ar-rahnu-pawn-certificates/