FatwaNationalTransactions & Finance
Hukum Pelaburan Ke Atas Syarikat Swiss Cash Mutual Fund
What is the ruling on investing in Swiss Cash Mutual Fund and schemes that guarantee fixed returns?
Short answer
The 77th Muzakarah of the National Fatwa Committee in April 2007 ruled that investments guaranteeing fixed profits, including those offered by Swiss Cash Mutual Fund, are haram.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The 77th Muzakarah of the National Fatwa Committee in April 2007 ruled that investments guaranteeing fixed profits, including those offered by Swiss Cash Mutual Fund, are haram. The reason given is that such investments contain elements of riba and gharar. Muslims are prohibited from taking part, since many other Islamic-based alternatives are available.
Written in our own words from the original fatwa — check the source before acting on it.
Sebarang pelaburan yang menjamin keuntungan secara tetap seperti yang ditawarkan oleh beberapa syarikat pelaburan dalam dan luar negara seperti Swiss Cash Mutual Fund dan lain-lain adalah haram kerana ia mengandungi unsur riba dan gharar.
Read the full fatwa on the National website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Hukum Pelaburan Ke Atas Syarikat Swiss Cash Mutual Fund”, 12 April 2007. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-pelaburan-ke-atas-syarikat-swiss-cash-mutual-fund. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-investing-swiss-cash-mutual-fund/