FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #568 : HUKUM PELABURAN EMAS YANG DITETAPKAN BONUS
Is a gold investment scheme that promises a fixed monthly dividend of 8-15% valid in Islamic law?
Short answer
Investment, or mudharabah, is where a capital provider entrusts funds to an entrepreneur and profits are shared as agreed in the contract.
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
Investment, or mudharabah, is where a capital provider entrusts funds to an entrepreneur and profits are shared as agreed in the contract. The contract is invalid if one party's profit is fixed at a set amount or percentage, since the actual profit is unknown. Promising 8-15% monthly turns the contract into a loan that yields a benefit, which is riba, because the entrepreneur absolutely guarantees the return. The ruling is that such an investment is invalid and should be avoided.
Written in our own words from the original fatwa — check the source before acting on it.
Oleh sebab itu pelaburan yang dijalankan ini jelas tidak sah dan harus dijauhi oleh pelabur-pelabur.
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 #568 : HUKUM PELABURAN EMAS YANG DITETAPKAN BONUS”, 9 March 2017. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/954-al-kafi-568-hukum-pelaburan-emas-yang-ditetapkan-bonus. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-gold-investment-fixed-monthly-dividend/