FatwaKelantanEndowment (Waqf) & Religious Property
FATWA WAKAF TUNAI SEBAGAI WAKAF DAN HUKUM PELUPUSAN ASET-ASET WAKAF
Is cash allowed as a waqf endowment and how should cash waqf be managed?
Short answer
Cash is permitted for waqf and is regarded as waqf property.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Kelantan State Mufti Department
- Status
- Fatwa committee decision
- Series
- Fatwa Tidak Diwartakan: Sosial/Syariah
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Cash is permitted for waqf and is regarded as waqf property. The original sum must be preserved in its perpetual character and managed in Shariah-compliant instruments that safeguard the principal, such as low-risk investments in sukuk and deposit products. Profit from cash waqf is not waqf property by default unless the donor stipulates this from the start, and it may fund beneficiaries such as scholarships and aid for the poor. Reasonable management costs follow the donor's stipulation, and if none is set, they are taken from the profits.
Written in our own words from the original fatwa — check the source before acting on it.
Wang tunai adalah dibenarkan untuk tujuan wakaf dan wang tersebut juga dianggap sebagai harta wakaf.
Read the full fatwa on the Kelantan website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Kelantan State Mufti Department. “FATWA WAKAF TUNAI SEBAGAI WAKAF DAN HUKUM PELUPUSAN ASET-ASET WAKAF”, date not stated. https://mufti.kelantan.gov.my/index.php?view=article&id=59:fatwa-wakaf-tunai-sebagai-wakaf-dan-hukum-pelupusan-aset-aset-wakaf&catid=56. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-cash-waqf-and-its-management/