FatwaPenangTransactions & Finance
WANG SHUBHAH / HARAM
What is the ruling on doubtful or unlawful money, interest income, and ASN and ASB returns according to the Penang fatwa?
Short answer
The Penang Syariah Committee decided that all doubtful or unlawful money handed over to the Baitul Mal is considered as one and clean.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang Syariah Committee decided that all doubtful or unlawful money handed over to the Baitul Mal is considered as one and clean. Riba or interest money is unlawful only for the person who earns it. Profits or dividends from ASN and ASB are ruled unlawful because their largest investment is in interest-based banks.
Written in our own words from the original fatwa — check the source before acting on it.
Semua wang shubhah / haram yang diserahkan kepada Baitul Mal adalah dianggap satu dan bersih.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “WANG SHUBHAH / HARAM”, 9 June 1999. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=34. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-shubhah-haram-money-baitul-mal/