FatwaNationalTransactions & Finance
Hukum Ke Atas Produk Investment Link Menurut Islam
What is the Islamic ruling on buying Investment Link products from conventional insurance companies?
Short answer
The 76th Muzakarah of the National Fatwa Committee in 2006 resolved that Muslims should avoid buying Investment Link products from conventional insurers that combine conventional insurance with unit trust investment in funds that do not comply with Shariah.
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 76th Muzakarah of the National Fatwa Committee in 2006 resolved that Muslims should avoid buying Investment Link products from conventional insurers that combine conventional insurance with unit trust investment in funds that do not comply with Shariah. The fatwa notes that Muslims today have many alternatives for buying or investing in Shariah-based insurance products.
Written in our own words from the original fatwa — check the source before acting on it.
pembelian produk-produk Investment Link yang ditawarkan oleh syarikat-syarikat insurans konvensional yang menggabungkan insurans konvensional dan pelaburan saham amanah dalam dana-dana yang tidak menepati syarak perlu dielakkan oleh umat Islam.
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 Ke Atas Produk Investment Link Menurut Islam”, 23 November 2006. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-ke-atas-produk-investment-link-menurut-islam. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-investment-link-products-islam/