FatwaJohorEndowment (Waqf) & Religious Property
CADANGAN ISTIBDAL SEBAHAGIAN SEBAHAGIAN WAKAF SAHAM KPJ HEALTHCARE BERHAD
Is it permissible to exchange part of the KPJ Healthcare Berhad endowed shares for shares in Kulim (Malaysia) Berhad?
Short answer
The Johor State Fatwa Committee ruled that the proposed istibdal of part of the KPJ Healthcare waqf shares, amounting to 166 million units, for Kulim (Malaysia) Berhad shares valued at RM141 million is permissible.
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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Johor State Fatwa Committee ruled that the proposed istibdal of part of the KPJ Healthcare waqf shares, amounting to 166 million units, for Kulim (Malaysia) Berhad shares valued at RM141 million is permissible. The decision was made to safeguard the public interest and the endowed asset itself, as the Kulim shares are in a more stable position. However, the remaining KPJ Healthcare shares must be retained to protect the interests of Muslims in owning shares in KPJ Healthcare.
Written in our own words from the original fatwa — check the source before acting on it.
Maka Jawatankuasa Fatwa Negeri Johor bersetuju meluluskan cadangan istibdal sebahagian wakaf saham KPJ Healthcare berhad berjumlah 166 juta unit (andaian harga RM0.85/saham) dengan Saham Kulim (Malaysia) Berhad bernilai RM141 juta adalah harus.
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. “CADANGAN ISTIBDAL SEBAHAGIAN SEBAHAGIAN WAKAF SAHAM KPJ HEALTHCARE BERHAD”, 30 November 2022. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=215. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/istibdal-part-of-kpj-healthcare-waqf-shares/