FatwaNegeri SembilanEndowment (Waqf) & Religious Property
Masjid mengamalkan fix deposit bertujuan pelaburan
Is it permissible for a mosque to place its funds in a fixed deposit for investment purposes?
Short answer
It is permissible if the fixed deposit is placed with a bank that operates a business concept based on Islamic sharia.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Negeri Sembilan Mufti Department
- Status
- Opinion (irsyad)
- Series
- Soal Jawab Agama
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
It is permissible if the fixed deposit is placed with a bank that operates a business concept based on Islamic sharia. The purpose of the deposit must also be considered, since mosque funds are donations or charity from the public. If the funds are merely kept and no activities are carried out, the purpose of the donations is not achieved.
Written in our own words from the original fatwa — check the source before acting on it.
Harus hukumnya melabur dalam 'Fixed Deposit' yang ditawarkan dalam perbankan Islam sekiranya simpanan tetap yang di simpan di bank yang mengamalkan konsep perniagaan yang berlandaskan syariah Islam.
Read the full fatwa on the Negeri Sembilan website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Negeri Sembilan Mufti Department. “Masjid mengamalkan fix deposit bertujuan pelaburan”, date not stated. https://muftins.gov.my/soaljawab/masjid-mengamalkan-fix-deposit-bertujuan-pelaburan/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/mosque-fixed-deposit-investment-ruling/