Is zakaat fardh on the payout received from a provident-fund, pension-fund or retirement-fund?
Published as Zakaat on the payout received from a provident fund, pension fund or retirement fund
Question
Is zakaat fardh on the payout received from a provident-fund, pension-fund or retirement-fund?
Answer
If the employee willfully invests his money in the fund or commanded the company to invest it on his behalf or consented to the investment, then in all these situations zakaat will be fardh on the payout received. Zakaat will be fardh for the current year as well as the previous years. However, if the employer deducted a certain percentage of the employee’s salary without his consent, then zakaat will not be fardh on the payout received for the previous years.
References (Arabic / Urdu sources)
(و) البيع الباطل (حكمه عدم ملك المشتري إياه) إذا قبضه (فلا ضمان لو هلك) المبيع (عنده) لأنه أمانة وصحح في القنية ضمانه قيل وعليه الفتوى (الدر المختار 5/59)
(وسببها)اى سبب افتراضها (ملك نصاب حولي) نسبة للحول لحولانه عليه (تام) بالرفع صفة ملك
قال العلامة الطحطاوي – رحمه الله – (قوله تام) بالتاء المثناة من فوق من التمام قال القهستانى بان يكون فى يده أو يد أمينه كالمضارب أويد غيرهما كالمستقرض المقر ونحوه كما فى النظم (1/389)
والرابع من أسباب وجوب الزكاة هو ان يكون المال حلالا لأن المال اذا كان حراما لا يخلو من وجهين اما ان يكون له خصم حاضر فيرده عليه واما أن لا يكون له خصم حاضر فيعطيه للفقراء كله ولا يحل له منه قليل ولا كثير والزكاة انما تكون في المال الحلال (النتف في الفتاوى 1/172)
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/225
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-225
People also ask
Is zakaat payable on pension, provident fund or retirement annuity?
“We've previously answered an inquiry regarding Zakat on voluntary retirement savings plans where the employer also contributes. For details, kindly see Ask Imam #29670.”
Ask Imaam · 41 fatawa from 7 Darul Iftas on this
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