FatwaPenangZakat
Fatwa Mengenai Wang Zakat Yang Tidak Habis Digunakan
Can unspent zakat funds be used for a loan fund, or can investment profits from zakat be placed in the general revenue account?
Short answer
The Penang State Fatwa Committee ruled that the proposal by Zakat Pulau Pinang to set up a loan fund from al-Faidh and a student loan fund is rejected.
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
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa (Warta)
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee ruled that the proposal by Zakat Pulau Pinang to set up a loan fund from al-Faidh and a student loan fund is rejected. The proposal to place profits from invested zakat money into the general revenue account as income is also rejected. These are entirely prohibited because they do not accord with the true concept of zakat under Islamic law.
Written in our own words from the original fatwa — check the source before acting on it.
Fatwanya ialah bahawa cadangan Zakat Pulau Pinang untuk mewujudkan tabung pinjama n daripada al- Faidh, tabung pinjaman kepada pelajar dan keuntungan wang zakat yang dilaburkan itu dimasukkan ke dalam akaun sumber am sebagai hasil adalah ditolak
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. “Fatwa Mengenai Wang Zakat Yang Tidak Habis Digunakan”, date not stated. https://mufti.penang.gov.my/index.php/awam/fatwa-1/himpunan-fatwa#fatwa-mengenai-wang-zakat-yang-tidak-habis-digunakan. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/unspent-zakat-funds-loan-fund-investment-profits/