FatwaJohorEndowment (Waqf) & Religious Property
MEMOHON FATWA PERMOHONAN MEWAKAFKAN SAHAM OLEH TPM MANAGEMENT SDN BHD ANAK SYARIKAT JOHOR CORPORATION
How should the profit benefits from the TPM Management Sdn Bhd shares endowed by a Johor Corporation subsidiary be distributed?
Short answer
This fatwa responds to a request to endow shares of TPM Management Sdn Bhd by a subsidiary of Johor Corporation.
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
This fatwa responds to a request to endow shares of TPM Management Sdn Bhd by a subsidiary of Johor Corporation. The benefit of the total profit is divided 70% to Johor Corporation, 25% to Kumpulan Wakaf Annur Sdn Bhd and 5% to the Johor Islamic Religious Council. If Johor Corporation invests its 70% share, the profit from that investment is to be contributed according to the judgement and discretion of the Wakaf Annur management.
Written in our own words from the original fatwa — check the source before acting on it.
Manfaat keuntungan 100% daripada saham TPM Management Sdn Bhd dibahagikan 70% kepada johor Corporation, 25% kepada Kumpulan Wakaf Annur sdn Bhd dan 5% kepada Majlis Agama Islam Negeri Johor.
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. “MEMOHON FATWA PERMOHONAN MEWAKAFKAN SAHAM OLEH TPM MANAGEMENT SDN BHD ANAK SYARIKAT JOHOR CORPORATION”, 1 July 2008. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=326. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/profit-distribution-tpm-management-share-waqf/