FatwaFederal TerritoriesEndowment (Waqf) & Religious Property
Fatwa Berkenaan Dengan Pengurusan Wang Tidak Patuh Syariah
How should money or assets that are not Shariah compliant be managed?
Short answer
This fatwa defines non-Shariah-compliant assets as property obtained in ways that violate Islamic law, such as through usury, bribery, gambling and gharar.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Status
- Gazetted
- Series
- Keputusan Fatwa Wilayah Persekutuan (e-Fatwa)
- Topic
- Endowment (Waqf) & Religious Property
Gazette evidence in the source: P.U. (B) 428
WARTA KERAJAAN PERSEKUTUAN
Summary
This fatwa defines non-Shariah-compliant assets as property obtained in ways that violate Islamic law, such as through usury, bribery, gambling and gharar. Such assets must be handed over to the Baitulmal of the Federal Territories Islamic Religious Council (MAIWP) and distributed for the general public interest. Their management is subject to the Standard Operating Procedure set by Baitulmal MAIWP.
Written in our own words from the original fatwa — check the source before acting on it.
Harta tersebut hendaklah diserahkan kepada Baitulmal Majlis Agama Islam Wilayah Persekutuan ("MAIWP") dan diagihkan untuk maslahat umum.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “Fatwa Berkenaan Dengan Pengurusan Wang Tidak Patuh Syariah”, date not stated. https://efatwa.muftiwp.gov.my/fatwa/PUB428%20WARTA%202021%20-%20FATWA%20BERKENAAN%20DENGAN%20PENGURUSAN%20WANG%20TIDAK%20PATUH%20SYARIAH. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/managing-non-shariah-compliant-money/