Assalamu alaikum, My Question is about for saving income tax.In non- muslim country where you can not find a good invetment plan for saving income tax as per islamic law,every investment directly or indirctly involves in Intrest.PPF account is also give intrest on saving money as others banks give, but PPF account save our income tax.This can save our income tax money, and intrest we can give to very poor people with out any benifit. Can we save income tax in this way.

Assalamu alaikum, My Question is about for saving income tax.In non- muslim country where you can not find a good invetment plan for saving income tax as per islamic law,every investment directly or indirctly involves in Intrest.PPF account is also give intrest on saving money as others banks give, but PPF account save our income tax.This can save our income tax money, and intrest we can give to very poor people with out any benifit. Can we save income tax in this way.

Answer

(Fatwa: 634/510/B=1431)

 

Yes, you can avail PF to save your hard-earned income from income tax. However, the extra amount which you receive on it, give it in charity to poor and needy ones without the intention of reward.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband