FatwaPenangEndowment (Waqf) & Religious Property
PERMOHONAN SUNTIKAN MODAL KEPADA SYARIKAT PERMODALAN WAKAF PULAU PINANG SDN. BHD. (PWPPSB) MENGGUNAKAN WANG DANA WAKAF.
Can waqf fund money be used to inject capital into Syarikat Permodalan Wakaf Pulau Pinang Sdn. Bhd.?
Short answer
The Penang State Fatwa Committee decided not to approve the application to inject capital into PWPPSB using waqf fund money.
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
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Endowment (Waqf) & Religious Property
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee decided not to approve the application to inject capital into PWPPSB using waqf fund money. The committee suggested that PWPPSB obtain the capital injection from other sources. The decision was made at meeting No. 3/2007 on 9 July 2007.
Written in our own words from the original fatwa — check the source before acting on it.
Mesyuarat mencadangkan PWPPSB mendapatkan suntikan modal itu dart sumber yang lain.
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. “PERMOHONAN SUNTIKAN MODAL KEPADA SYARIKAT PERMODALAN WAKAF PULAU PINANG SDN. BHD. (PWPPSB) MENGGUNAKAN WANG DANA WAKAF.”, 9 July 2007. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=642. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/waqf-fund-capital-injection-penang-waqf-company/