Assalamu Alaikkum I was an employee of a BPO company. Three months back I left the company. Now I’m going to take the PF amount(Provident Fund). PF amount is halal or haram? Can I use this amount to do the business? If it is haram what can I do with this amount? Can I give this to my parents? or Can I give this money to my friend from which I have borrowed the money?
Answer:
(Fatwa: 991/847=B-1429)
It is allowed to take the provident fund which the government cuts out of the salaries of its employees and then returns it to the employees by adding equal amount, it is a gift from the government which is granted to the employees due to their good performance, you can take it and invest it in business, you can also give it to your parents as well as pay you debts.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband