Fatwa #1372229 November 2005South Africa

Is there a difference between Provident and Pension Funds when it comes to Zakaat?

Question

1.Zakaat - I have a compulsory Provident Fund - Is Zakaat payable on this? Is there a difference between Provident and Pension Funds when it comes to Zakaat?

Answer

It is important for us to know the rules of the Provident Fund to issue a ruling.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#45105Do I have to pay Zakaat on my pension funds?
#46612Return on Compulsory Provident Fund
#31391Zakaat on pension fund withdrawal
#36420Zakaat on pension/provident fund
#31729Is it permissible to take compulsory provident fund?
#13608zakaat for Providend Fund, half of which is deducted from my salary every month and half is paid by the company itself.This money does not come in my hand
#25228Ruling On Compulsory Pension Funds
#13988The value of the pension fund increases more than the £ 3600 each year. Do i pay zakat on the total value of pension fund each year?

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