FatwaSelangorEndowment (Waqf) & Religious Property
Fatwa Penggunaan Wang Skim Saham Wakaf Selangor Dan Wang Manfaat Wakaf Selangor
How may the Selangor Waqf Share Scheme funds and the Selangor Waqf Benefit funds be spent?
Short answer
Proceeds from the Selangor Waqf Share Scheme must be spent on purchasing or financing fixed assets.
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
Proceeds from the Selangor Waqf Share Scheme must be spent on purchasing or financing fixed assets. The Selangor Waqf Benefit funds may be spent on assistance and other expenditure that the Selangor Islamic Religious Council considers suitable. The Council is advised to separate waqf asset spending from Waqf Benefit spending across the 22 proposed items, and to ensure that items falling under the zakat categories such as the poor, the needy and fii sabilillah are not included in Waqf Benefit expenditure.
Written in our own words from the original fatwa — check the source before acting on it.
Hasil daripada wang Skim Saham Wakaf Selangor hendaklah dibelanjakan bagi tujuan pembelian atau pembiayaan aset kekal.
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. “Fatwa Penggunaan Wang Skim Saham Wakaf Selangor Dan Wang Manfaat Wakaf Selangor”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/fatwa-penggunaan-wang-skim-saham-wakaf-selangor-dan-wang-manfaat-wakaf-selangor/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/use-of-selangor-waqf-share-scheme-funds/