FatwaJohorEndowment (Waqf) & Religious Property
PERMOHONAN FATWA CADANGAN ISTIBDAL WAQAF SAHAM SYARIKAT TIRAM TRAVEL SENDIRIAN BERHAD
Is it permissible to carry out istibdal (exchange) of waqf shares in Tiram Travel Sendirian Berhad for another waqf asset?
Short answer
The Johor Fatwa Committee ruled that istibdal of WAN CORP's 75% shareholding in Tiram Travel Sendirian Berhad with an ain mauquf is permissible under 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 Fatwa Committee ruled that istibdal of WAN CORP's 75% shareholding in Tiram Travel Sendirian Berhad with an ain mauquf is permissible under Islamic law. To avoid loss and a decline in value compared with the current share value, the committee recommended that only the first method be used, namely individual, commercial, residential and plantation properties. The second method is not recommended for this istibdal.
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 Sendirian Berhad dengan ain mauquf adalah harus menurut hukum syara'.
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 WAQAF SAHAM SYARIKAT TIRAM TRAVEL SENDIRIAN BERHAD”, 27 April 2014. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=442. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/istibdal-waqf-shares-tiram-travel-permissible/