FatwaJohorEndowment (Waqf) & Religious Property
CADANGAN ISTIBDAL WAKAF SEBAHAGIAN SAHAM KPJ HEALTHCARE BERHAD
Is it permissible to exchange part of the KPJ Healthcare Berhad waqf shares for Kulim (Malaysia) Berhad shares through istibdal?
Short answer
The Johor State Fatwa Committee ruled that the proposed istibdal of 166 million waqf shares of KPJ Healthcare Berhad 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 166 million waqf shares of KPJ Healthcare Berhad for Kulim (Malaysia) Berhad shares valued at RM141 million is permissible. The decision was made to safeguard public interest, preserve the waqf asset itself, and because the Kulim shares are in a more stable position. 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 Ringgit Malaysia 0.85/saham) dengan saham KULIM (Malaysia) BERHAD bernilai Ringgit Malaysia 141 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 WAKAF SEBAHAGIAN SAHAM KPJ HEALTHCARE BERHAD”, 30 November 2022. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=1593. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/istibdal-waqf-kpj-healthcare-shares-kulim/