FatwaSelangorEndowment (Waqf) & Religious Property
Hukum Penggunaan Wang Saham Wakaf, Majlis Agama Islam Selangor
What is the ruling on how the Selangor Islamic Religious Council may use waqf share funds?
Short answer
The Selangor State Fatwa Committee ruled that it is permissible to use waqf share funds to finance the needs of creating an asset.
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
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor State Fatwa Committee ruled that it is permissible to use waqf share funds to finance the needs of creating an asset. Waqf benefit funds may be used for maintenance costs related to building needs. MAIS is encouraged to develop existing waqf properties further and must first ensure that any property received for waqf is fully owned and free of encumbrances.
Written in our own words from the original fatwa — check the source before acting on it.
Harus menggunakan wang saham wakaf untuk membiayai segala keperluan bagi mewujudkan sesuatu aset;
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. “Hukum Penggunaan Wang Saham Wakaf, Majlis Agama Islam Selangor”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/hukum-penggunaan-wang-saham-wakaf-majlis-agama-islam-selangor/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-using-waqf-share-funds-selangor/