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Choosing a Beneficiary for My Retirement Annuity: Who Should I Pick?

Answered as per Hanafi Fiqh by Muftionline.co.za

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?

Bismillaah

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)

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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