FatwaSelangorTransactions & Finance
Hukum Penyaluran Hasil Gharamah Institusi Kewangan Islam Ke Baitulmal
Must gharamah proceeds collected by Islamic financial institutions be channelled to Baitulmal?
Short answer
The Selangor fatwa rules that gharamah proceeds of Islamic financial institutions are to be channelled to Baitulmal.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Gazetted
- Series
- Keputusan Fatwa Diwartakan
- Topic
- Transactions & Finance
Gazette evidence in the source: Sel. P.U. 140
Summary
The Selangor fatwa rules that gharamah proceeds of Islamic financial institutions are to be channelled to Baitulmal. The aim is to ensure the funds serve the general welfare of Muslims and are not misused, in line with Baitulmal's position as the highest institution managing Muslim funds and property. The fatwa also holds that imposing gharamah on a defaulting financing customer is permissible, based on a hadith describing delayed debt payment by a person who is able to pay as an injustice.
Written in our own words from the original fatwa — check the source before acting on it.
Gharamah yang dihasilkan dalam Institusi Kewangan Islam perlu disalurkan kepada Institusi yang berkait secara khusus dengan umat Islam supaya ianya tidak disalahgunakan.
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Hukum Penyaluran Hasil Gharamah Institusi Kewangan Islam Ke Baitulmal”, date not stated. https://www.muftiselangor.gov.my/2023/10/28/hukum-penyaluran-hasil-gharamah-institusi-kewangan-islam-ke-baitulmal-3/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-channelling-gharamah-proceeds-to-baitulmal/