FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #280 : HUKUM SKIM SIJIL SIMPANAN PREMIUM (BSN)
What is the ruling on joining the BSN Premium Savings Certificate scheme, and is it the same as a Premium Bond involving lottery and gambling?
Short answer
The Mufti of the Federal Territories leans towards permissibility for the BSN Premium Savings Certificate, in line with the National Fatwa Committee and the Selangor and Pahang fatwa bodies.
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
- Date
- Status
- Opinion (irsyad)
- Series
- Al-Kafi li al-Fatawi
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Mufti of the Federal Territories leans towards permissibility for the BSN Premium Savings Certificate, in line with the National Fatwa Committee and the Selangor and Pahang fatwa bodies. The product operates under a Mudharabah contract, its funds are invested in Shariah-compliant instruments and assets, and the prizes are drawn from BSN's Islamic Banking Scheme funds. BSN is expected to remain committed to Shariah-compliant investment and contract implementation.
Written in our own words from the original fatwa — check the source before acting on it.
Selepas kami meneliti pendapat dan hujah para ulama dan majlis-majlis fatwa, kami lebih cenderung kepada hukumnya adalah harus
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. “AL-KAFI #280 : HUKUM SKIM SIJIL SIMPANAN PREMIUM (BSN)”, 27 May 2016. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/1219-al-kafi-280-hukum-skim-sijil-simpanan-premium-bsn. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-bsn-premium-savings-certificate-scheme/