As ?slam. I am a government teacher. from last few years govt. has finished pensions and Provident Fund schems.as we know that pensions and PF is a mixture of some part of govt. servant’s salary and some part of govt. add and add is given or depends on interest policy.pensions and PF is fully right according to you,(I have read this in a news paper). So my question is that in this situation can a govt. servant open an account of pension or PF in any govt. bank .because after retirement a govt. servant has no option of income and pension and PF is a back bone of govt. servant. Although banks are providing us benefits like govt. policy. so kindly satisfied me to give a clear answer. Apki eham nawazish hogi.duao ka mutamanni- M.Tariq Yameen Chandausi(Moradabad)
Answer
(Fatwa: 477/297/D=1432)
It is interest to get benefit by depositing the money of pension and PF and it is haram to take it. You shall do it yourself; hence, you will be sinful for doing interest-based dealing and it shall be haram to use that amount. In contrary to it, the dealing that the government did, it performed all the dealings itself and the employee had nothing to do in the matter. You should invest your money in any lawful business, you shall gain from it, in-sha-Allah.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband