FatwaPerlisZakat
Hukum Pelaburan Wang Zakat Negeri Perlis
Is it permissible for the Perlis Islamic Religious Council to invest zakat funds?
Short answer
The default ruling is that investing zakat funds is not permitted.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perlis State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa Negeri Perlis
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The default ruling is that investing zakat funds is not permitted. However, if distribution has been done properly to all eligible recipients and a surplus remains, the funds may be invested for a benefit that returns to the zakat recipients. The conditions are that the investment is certified Shariah-compliant by an authoritative Shariah supervisory body, is low or moderate risk with a recognised financial institution, and is approved and guaranteed by MAIPs. High-risk investment is allowed only with a special guarantee from an authoritative party and a Shariah-compliant structure.
Written in our own words from the original fatwa — check the source before acting on it.
Hukum asal pelaburan zakat tidak diharuskan.
Read the full fatwa on the Perlis website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perlis State Mufti Department. “Hukum Pelaburan Wang Zakat Negeri Perlis”, date not stated. https://muftiperlis.gov.my/index.php/himpunan-fatwa-negeri/109-hukum-pelaburan-wang-zakat-negeri-perlis. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-investing-zakat-funds-perlis/