FatwaFederal TerritoriesEndowment (Waqf) & Religious Property
Fatwa Mengenai Saham Wakaf
What is the ruling on waqf shares and which pillars must be fulfilled?
Short answer
The 37th/1994 meeting of the Federal Territory Syariah Legal Consultative Committee decided that waqf shares are permissible on the basis of public interest and the interests of the Muslim community.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Wilayah Persekutuan (e-Fatwa)
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The 37th/1994 meeting of the Federal Territory Syariah Legal Consultative Committee decided that waqf shares are permissible on the basis of public interest and the interests of the Muslim community. The waqf must fulfil four pillars: the donor, the endowed property (the share certificate), the beneficiary (the Federal Territory Islamic Religious Council as trustee) and the sighah pronouncement. The meeting also decided on several wording changes in the sighah and participation forms.
Written in our own words from the original fatwa — check the source before acting on it.
Saham wakaf1 adalah harus berdasarkan maslahah 'ammah dan kepentingan umat Islam.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “Fatwa Mengenai Saham Wakaf”, date not stated. https://efatwa.muftiwp.gov.my/fatwa/FATWA%20MENGENAI%20SAHAM%20WAKAF. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-waqf-shares-and-pillars/