Q: I currently contribute to a retirement annuity via Oasis. At age 55, I will be allowed to draw my funds etc.
Question: Should I die before then, who should be the recipients of the fund? The reason I ask the question is that Oasis have asked me to complete a beneficiary form. I currently have a wife, three kids and both my parents. According to Oasis, I don’t need to include them all, I could make anyone my beneficiary. Please advise?
A: We are not aware of the working of Oasis. Hence we cannot comment.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)