FatwaJohorEndowment (Waqf) & Religious Property
PERMOHONAN FATWA CADANGAN ISTIBDAL WAKAF SAHAM SYARIKAT TIRAM TRAVEL SDN.BHD
Is it permissible to carry out istibdal on the waqf shares of WAN CORP in Tiram Travel Sdn. Bhd.?
Short answer
The Johor State Fatwa Committee decided that istibdal of the 75% shareholding of WAN CORP in Tiram Travel Sdn. Bhd. with an ain mauquf is permissible according to Islamic law.
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 decided that istibdal of the 75% shareholding of WAN CORP in Tiram Travel Sdn. Bhd. with an ain mauquf is permissible according to Islamic law. To prevent the waqf asset from suffering losses or a decline in price compared with the existing share value, the committee recommends using only the first method, namely industrial, commercial, residential and plantation property. The second method is not recommended.
Written in our own words from the original fatwa — check the source before acting on it.
Melakukan istibdal keatas pegangan saham WAN CORP sebanyak 75% didalam Syarikat Tiram Travel SDN.BHD dengan ain mauquf adalah harus menurut hukum syarak.
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. “PERMOHONAN FATWA CADANGAN ISTIBDAL WAKAF SAHAM SYARIKAT TIRAM TRAVEL SDN.BHD”, 27 April 2014. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=1177. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/istibdal-waqf-shares-tiram-travel-johor/