FatwaPenangTransactions & Finance
HUKUM MENGGUNAKAN WANG FAEDAH
What is the ruling on using interest money and for what purpose may it be used?
Short answer
According to the opinion of the Mufti and a member of the Syariah Committee, interest money may only be used for the third item mentioned in the decision.
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
According to the opinion of the Mufti and a member of the Syariah Committee, interest money may only be used for the third item mentioned in the decision. Use outside that item is not covered by the permission stated. The text provided does not spell out the details of the third item.
Written in our own words from the original fatwa — check the source before acting on it.
Wang faedah itu bolehlah digunakan bagi perkara (3) yang tersebut di atas sahaja.
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. “HUKUM MENGGUNAKAN WANG FAEDAH”, 18 February 1966. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=797. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-using-interest-money/