Mufti Online — Madrasah Ta'leemuddeen

Do I discharge Zakaat on the capital amount or do I discharge on the maturity amount?

Published as Zakaat on a retirement fund

· 19 Dhuʻl-Hijjah 1440 AH1 min readEnglish

Question

I have a retirement annuity. Do I discharge Zakaat on the capital amount or do I discharge on the maturity amount?

Answer

Zakaat will be paid on the capital contribution since the rest is interest. And interest is supposed to be given in charity to some deserving person without the niyyat of thawaab.

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/29921
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-29921

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