FatwaSelangorTransactions & Finance
Hukum Pelaburan Ke Atas Syarikat Swisscash Mutual Fund
What is the ruling on investing in Swisscash Mutual Fund and other schemes that guarantee fixed returns?
Short answer
The Selangor State Fatwa Committee ruled that investments guaranteeing fixed profits, such as those offered by Swisscash Mutual Fund and similar investment companies inside and outside the country, 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
- Selangor State Mufti Department
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor State Fatwa Committee ruled that investments guaranteeing fixed profits, such as those offered by Swisscash Mutual Fund and similar investment companies inside and outside the country, are haram. The reason given is that they contain elements of riba and gharar. Muslims are prohibited from taking part, as there are many other alternatives they may join.
Written in our own words from the original fatwa — check the source before acting on it.
Pelaburan yang menjamin keuntungan secara tetap seperti yang ditawarkan oleh beberapa syarikat pelaburan dalam dan luar Negara seperti Swisscash Mutual Fund dan lain-lain adalah haram kerana ia mengandungi unsur riba dan gharar.
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 Pelaburan Ke Atas Syarikat Swisscash Mutual Fund”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/hukum-pelaburan-ke-atas-syarikat-swisscash-mutual-fund/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-investing-swisscash-mutual-fund-fixed-returns/