FatwaSelangorTransactions & Finance
Fatwa Pelaburan Permodalan Nasional Berhad (PNB)
What is the ruling on investing in Amanah Saham Nasional Berhad (ASNB) under Permodalan Nasional Berhad (PNB)?
Short answer
The Selangor State Fatwa Committee ruled that investment through PNB in ASNB is permissible because the proportion invested in Shariah-compliant companies has exceeded the level set under Securities Commission standards.
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 investment through PNB in ASNB is permissible because the proportion invested in Shariah-compliant companies has exceeded the level set under Securities Commission standards. The ruling rests on the legal maxim that a ruling changes according to the presence or absence of its underlying cause. PNB must continue improvements so the investment fully complies with Shariah, and the permissibility will be reviewed after 3 years.
Written in our own words from the original fatwa — check the source before acting on it.
PNB hendaklah meneruskan usaha-usaha penambahbaikan bagi memastikan pelaburan tersebut menepati syarak sepenuhnya
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. “Fatwa Pelaburan Permodalan Nasional Berhad (PNB)”, date not stated. https://www.muftiselangor.gov.my/2023/10/27/fatwa-pelaburan-permodalan-nasional-berhad-pnb/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-investing-in-asnb-pnb/