FatwaNationalTransactions & Finance
Hukum Bermuamalat Dengan Bank-Bank Perdagangan
What is the ruling on dealing with commercial banks, including working there, borrowing, saving money and receiving interest?
Short answer
The 32nd Muzakarah of the National Fatwa Committee (1993) ruled that working at a bank, saving money without taking interest, and accepting gifts or grants such as scholarships from banks are permissible.
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 32nd Muzakarah of the National Fatwa Committee (1993) ruled that working at a bank, saving money without taking interest, and accepting gifts or grants such as scholarships from banks are permissible. Bank loans are forbidden unless one is compelled to meet urgent basic needs. Interest money may not be used for oneself and must be handed over to the Baitulmal. Renting out a building to a bank and holding shares in a bank that practises riba are forbidden.
Written in our own words from the original fatwa — check the source before acting on it.
Bekerja di bank atau institusi kewangan hukumnya harus.
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 Bermuamalat Dengan Bank-Bank Perdagangan”, 11 June 1993. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-bermuamalat-dengan-bank-bank-perdagangan. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-dealing-with-commercial-banks/