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Is there a difference between Provident and Pension Funds when it comes to Zakaat?

Answered according to Hanafi Fiqh by Askimam.org

1.Zakaat – I have a compulsory Provident Fund – Is Zakaat payable on this?  Is there a difference between Provident and Pension Funds when it comes to Zakaat?

Answer

It is important for us to know the rules of the Provident Fund to issue a ruling.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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