Why ASB/ASN investments are permissible for Muslims

Why ASB/ASN investments are permissible for Muslims. [Newspaper] (2017)



Abstract

THE question as to whether it is Islamically permissible to invest in Amanah Saham Bumiputera (ASB)/Amanah Saham Nasional (ASN) continues to receive polarised responses in Malaysia.It came up again recently at the Selangor Fatwa Committee meeting (April 27), when a fatwa was issued declaring ASB/ASN investments to be permissible for Muslims. This ruling, however, introduced another set of questions, especially when the same committee had previously prohibited ASB/ASN investments due to the presence of riba (interest or usury) transactions therein, which arguably rendered it non-syariah compliant.

Item Type: Newspaper
Keywords: ASB, Investment
Taxonomy: By Niche > Investments > Investment of Public Funds
By Niche > Investments > Saving and Investments
Local Content Hub: Niche > Investment
Depositing User: Idris Muhammad
Date Deposited: 31 Mar 2024 18:35
Last Modified: 31 Mar 2024 18:35
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