Mufti Online — Madrasah Ta'leemuddeen

Zakaat on compulsory pension / provident fund

· 13 Shaʻban 1435 AH1 min readEnglish

Question

Do we need to pay Zakaat on our compulsory pension/provident fund we have with the company. Should we include this amount (market value @ zakaat date) as part of our assets when calculating our Zakaat.

Answer

No.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/7129
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-7129

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.”

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