Mufti Online — Madrasah Ta'leemuddeen

Money deducted from salary and given at retirement

· 30 Safar 1440 AH1 min readEnglish

Question

My question is regarding the interest on a GP fund of government employees. A fixed amount is deducted from our salary on a monthly basis, against our will, and then they give interest on it annually. One gets this total amount on his retirement. What is the Islamic ruling regarding this? Is it halal or not?

Answer

If it is invested without your volition then the money will be permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/27396
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