FatwaNationalEndowment (Waqf) & Religious Property
Saham Wakaf Dan Wakaf Ganti (Wakaf Ibdal)
Is it permissible to create waqf shares and to carry out substitute waqf (waqf ibdal)?
Short answer
The 4th Muzakarah of the National Fatwa Committee (13-14 April 1982) ruled that waqf shares are permissible.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The 4th Muzakarah of the National Fatwa Committee (13-14 April 1982) ruled that waqf shares are permissible. This refers to buying shares in business companies and endowing them to develop waqf property, provided the conditions of waqf are met. Substitute waqf (ibdal), which means exchanging waqf property for other property through sale, purchase or similar means in order to preserve the waqf, is also permissible. This follows the opinion of Imam Abu Hanifah by taqlid.
Written in our own words from the original fatwa — check the source before acting on it.
Wakaf Gantian (wakaf ibdal) ialah bermaksud menukar harta wakaf dengan harta yang lain melalui jualan atau belian atau sebagainya dengan tujuan mengekalkan harta wakaf adalah diharuskan mengikut taqlid pendapat Imam Abu Hanifah.
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How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Saham Wakaf Dan Wakaf Ganti (Wakaf Ibdal)”, 14 April 1982. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#saham-wakaf-dan-wakaf-ganti-wakaf-ibdal. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-waqf-shares-and-waqf-ibdal/