FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #428 : KEDUDUKAN ASB ISLAMIC FINANCE
What is the ruling on ASB Islamic financing investment, and which opinion should be followed when scholars differ between permissible and forbidden?
Short answer
Al-Kafi inclines towards the permissibility of investing in ASB.
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
Al-Kafi inclines towards the permissibility of investing in ASB. This is based on the decision of the 80th Muzakarah of the National Fatwa Committee, held on 1-3 February 2008. The Muzakarah ruled that investing in the ASN and ASB schemes, along with the dividends or bonuses received, is permissible.
Written in our own words from the original fatwa — check the source before acting on it.
Muzakarah telah memutuskan bahawa hukum melabur dalam skim Amanah Saham Nasional (ASN) dan Skim Amanah Saham Bumiputera (ASB) serta dividen atau bonus yang diterima adalah harus.
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 #428 : KEDUDUKAN ASB ISLAMIC FINANCE”, 4 November 2016. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/1322-al-kafi-428-kedudukan-asb-islamic-finance. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-asb-islamic-financing-investment/