FatwaNegeri SembilanTransactions & Finance
Pelaburan Yang Dijalankan Oleh Syarikat Mecca Fund Global
What is the ruling on investing in the scheme run by Mecca Fund Global?
Short answer
The Mecca Fund Global investment does not follow the true principles of mudharabah and is invalid under Islamic law.
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
- Fatwa committee decision
- Series
- Fatwa Negeri Sembilan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Mecca Fund Global investment does not follow the true principles of mudharabah and is invalid under Islamic law. The fatwa notes that investors must buy lots offered by the company owner, capital may be lost, and there is uncertainty over profit rates and capital. The scheme was also found to breach national law for taking deposits without Bank Negara Malaysia approval, and Muslims are advised not to take part.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah bersetuju memutuskan bahawa pelaburan yang dijalankan oleh Mecca Fund Global adalah tidak mengikut prinsip mudharabah yang sebenar dan tidak sah mengikut hukum syarak.
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. “Pelaburan Yang Dijalankan Oleh Syarikat Mecca Fund Global”, date not stated. https://muftins.gov.my/fatwa/pelaburan-yang-dijalankan-oleh-syarikat-mecca-fund-global/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-investing-mecca-fund-global-scheme/