FatwaPerlisEndowment (Waqf) & Religious Property
Fatwa Tentang Wakaf Tunai
Is cash waqf permitted in Islam and in what forms can it be done?
Short answer
The Perlis State Fatwa Committee ruled that cash waqf is permissible, meaning cash may be made the endowed property.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perlis State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa Negeri Perlis
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Perlis State Fatwa Committee ruled that cash waqf is permissible, meaning cash may be made the endowed property. The money may be invested or lent while its original value remains protected, or converted into physical assets such as buildings, machinery, vehicles or trade goods to generate benefits for the recipients. Temporary cash waqf is also permitted, where the period is fixed and the money may be taken back when the period ends, while the returns go to the waqf beneficiaries.
Written in our own words from the original fatwa — check the source before acting on it.
Wakaf Tunai iaitu menjadikan wang tunai sebagai mauquf atau harta yang diwakafkan boleh dilakukan.
Read the full fatwa on the Perlis website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perlis State Mufti Department. “Fatwa Tentang Wakaf Tunai”, date not stated. https://muftiperlis.gov.my/index.php/himpunan-fatwa-negeri/795-fatwa-tentang-wakaf-tunai. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/is-cash-waqf-permitted-perlis-fatwa/