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