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Is Provident Fund Halal?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I want to ask, is provident fund which is half collected from the employee’s salary and half deposited from the company/government on behalf of the employee a kind of riba (interest)? Is investing in a provident fund permissible?

Bismillaah

A: The provident fund is a riba based scheme. If one had invested his wealth in the provident fund or the money was invested on his behalf with his consent, then in both cases, apart from the capital amount invested, the returns will be haraam. The returns will have to be given in charity without the intention of receiving any reward. However if the money was invested by the company without one’s consent (e.g. it was mandatory in one’s contract), then the money received through the provident fund will be permissible.

And Allah Ta’ala (ุงู„ู„ู‡ ุชุนุงู„ู‰) knows best.

ุงู„ูŽู‘ุฐููŠู†ูŽ ูŠูŽุฃู’ูƒูู„ููˆู†ูŽ ุงู„ุฑูู‘ุจูŽุง ู„ูŽุง ูŠูŽู‚ููˆู…ููˆู†ูŽ ุฅูู„ูŽู‘ุง ูƒูŽู…ูŽุง ูŠูŽู‚ููˆู…ู ุงู„ูŽู‘ุฐููŠ ูŠูŽุชูŽุฎูŽุจูŽู‘ุทูู‡ู ุงู„ุดูŽู‘ูŠู’ุทูŽุงู†ู ู…ูู†ูŽ ุงู„ู’ู…ูŽุณูู‘ ุฐูŽูฐู„ููƒูŽ ุจูุฃูŽู†ูŽู‘ู‡ูู…ู’ ู‚ูŽุงู„ููˆุง ุฅูู†ูŽู‘ู…ูŽุง ุงู„ู’ุจูŽูŠู’ุนู ู…ูุซู’ู„ู ุงู„ุฑูู‘ุจูŽุง ูˆูŽุฃูŽุญูŽู„ูŽู‘ ุงู„ู„ูŽู‘ู€ู‡ู ุงู„ู’ุจูŽูŠู’ุนูŽ ูˆูŽุญูŽุฑูŽู‘ู…ูŽ ุงู„ุฑูู‘ุจูŽุงููŽู…ูŽู† ุฌูŽุงุกูŽู‡ู ู…ูŽูˆู’ุนูุธูŽุฉูŒ ู…ูู‘ู† ุฑูŽู‘ุจูู‘ู‡ู ููŽุงู†ุชูŽู‡ูŽู‰ูฐ ููŽู„ูŽู‡ู ู…ูŽุง ุณูŽู„ูŽููŽ ูˆูŽุฃูŽู…ู’ุฑูู‡ู ุฅูู„ูŽู‰ ุงู„ู„ูŽู‘ู€ู‡ู ูˆูŽู…ูŽู†ู’ ุนูŽุงุฏูŽ ููŽุฃููˆู„ูŽู€ูฐุฆููƒูŽ ุฃูŽุตู’ุญูŽุงุจู ุงู„ู†ูŽู‘ุงุฑู ู‡ูู…ู’ ูููŠู‡ูŽุง ุฎูŽุงู„ูุฏููˆู†ูŽ ๏ดฟุงู„ุจู‚ุฑุฉ: ูขูงูฅ๏ดพ

ุนู† ุฃุจู‰ ู‡ุฑูŠุฑุฉ ุฃู† ุฑุณูˆู„ ุงู„ู„ู‡ ุตู„ู‰ ุงู„ู„ู‡ ุนู„ูŠู‡ ูˆุณู„ู… ู‚ุงู„ ู„ูŠุฃุชูŠู† ุนู„ู‰ ุงู„ู†ุงุณ ุฒู…ุงู† ู„ุง ูŠุจู‚ู‰ ุฃุญุฏ ุฅู„ุง ุฃูƒู„ ุงู„ุฑุจุง ูุฅู† ู„ู… ูŠุฃูƒู„ู‡ ุฃุตุงุจู‡ ู…ู† ุจุฎุงุฑู‡ (ุณู†ู† ุฃุจูŠ ุฏุงูˆุฏ # 3333)

ุนู† ูุถุงู„ุฉ ุจู† ุนุจูŠุฏ ุตุงุญุจ ุงู„ู†ุจูŠ ุตู„ู‰ ุงู„ู„ู‡ ุนู„ูŠู‡ ูˆุณู„ู… ุฃู†ู‡ ู‚ุงู„ ูƒู„ ู‚ุฑุถ ุฌุฑ ู…ู†ูุนุฉ ูู‡ูˆ ูˆุฌู‡ ู…ู† ูˆุฌูˆู‡ ุงู„ุฑุจุง ุŒ ู…ูˆู‚ูˆู (ุงู„ุณู†ู† ุงู„ูƒุจุฑู‰ ู„ู„ุจูŠู‡ู‚ูŠ #10933)

ุจุงุจ ุงู„ุฑุจุง ู‡ูˆ ู„ุบุฉ : ู…ุทู„ู‚ ุงู„ุฒูŠุงุฏุฉ ูˆุดุฑุนุง ( ูุถู„ ) … ( ุฎุงู„ ุนู† ุนูˆุถ ) … ( ุจู…ุนูŠุงุฑ ุดุฑุนูŠ ) … ( ู…ุดุฑูˆุท ) ุฐู„ูƒ ุงู„ูุถู„ ( ู„ุฃุญุฏ ุงู„ู…ุชุนุงู‚ุฏูŠู† ) ุฃูŠ ุจุงุฆุน ุฃูˆ ู…ุดุชุฑ … ( ููŠ ุงู„ู…ุนุงูˆุถุฉ )

ู‚ุงู„ ุงู„ุดุงู…ูŠ: (ู‚ูˆู„ู‡ ุฃูŠ ุจุงุฆุน ุฃูˆ ู…ุดุชุฑ) ุฃูŠ ู…ุซู„ุง ูู…ุซู„ู‡ู…ุง ุงู„ู…ู‚ุฑุถุงู† ูˆุงู„ุฑุงู‡ู†ุงู† ู‚ู‡ุณุชุงู†ูŠ ู‚ุงู„: ูˆูŠุฏุฎู„ ููŠู‡ ู…ุง ุฅุฐุง ุดุฑุท ุงู„ุงู†ุชูุงุน ุจุงู„ุฑู‡ู† ูƒุงู„ุงุณุชุฎุฏุงู… ูˆุงู„ุฑูƒูˆุจ ูˆุงู„ุฒุฑุงุนุฉ ูˆุงู„ู„ุจุณ ูˆุดุฑุจ ุงู„ู„ุจู† ูˆุฃูƒู„ ุงู„ุซู…ุฑ ูุฅู† ุงู„ูƒู„ ุฑุจุง ุญุฑุงู… ูƒู…ุง ููŠ ุงู„ุฌูˆุงู‡ุฑ ูˆุงู„ู†ุชู. (ุฑุฏ ุงู„ู…ุญุชุงุฑ ู…ุน ุงู„ุฏุฑ ุงู„ู…ุฎุชุงุฑ 5/ 168-170)

ู„ุฃู† ุงู„ุฑุจุง ู‡ูˆ ุงู„ูุถู„ ุงู„ู…ุณุชุญู‚ ู„ุฃุญุฏ ุงู„ู…ุชุนุงู‚ุฏูŠู† ููŠ ุงู„ู…ุนุงูˆุถุฉ ุงู„ุฎุงู„ูŠ ุนู† ุนูˆุถ ุดุฑุท ููŠู‡ (ุงู„ู‡ุฏุงูŠุฉ 3/ 78)

ู‚ุงู„ ุดูŠุฎู†ุง : ูˆ ูŠุณุชูุงุฏ ู…ู† ูƒุชุจ ู…ุดุงูŠุฎู†ุง ูƒุงู„ู‡ุฏุงูŠุฉ ูˆุบูŠุฑู‡ุง: ุงู† ู…ู† ู…ู„ูƒ ุจู…ู„ูƒ ุฎุจูŠุซ ูˆู„ู… ูŠู…ูƒู†ู‡ ุงู„ุฑุฏ ุงู„ูŠ ุงู„ู…ุงู„ูƒ ูุณุจูŠู„ู‡ ุงู„ุชุตุฏู‚ ุนู„ูŠ ุงู„ูู‚ุฑุงุก… ูˆุงู„ุธุงู‡ุฑ ุงู† ุงู„ู…ุชุตุฏู‚ ุจู…ุซู„ู‡ ูŠู†ุจุบูŠ ุงู† ูŠู†ูˆูŠ ุจู‡ ูุฑุงุบ ุฐู…ุชู‡ ูˆ ู„ุง ูŠุฑุฌูˆ ุจู‡ ุงู„ู…ุซูˆุจุฉ (ู…ุนุงุฑู ุงู„ุณู†ู† 1/ 34)

ูุชุงูˆู‰ ุฑุญูŠู…ูŠุฉ 9/ 271

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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