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Provident fund

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I am employed in the motor vehicle industry. Is it permissible to contribute towards a provident fund? The employer contributes 8% of the monthly salary, and 7,5% is deducted from my salary.

Bismillaah

A: The provident fund contains the elements of gambling and interest. Hence one should refrain from it.

And Allah Ta’ala (الله تعالى) knows best.

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Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


Q: What do I do if the provident fund is binding by law and there has to be some sort of contribution?

 

Bismillaah

A: If it is binding then insha-Allah you will not be sinful.

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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