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Zakaat on Pension or Provident Fund

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Do I have to pay zakaat on money in my pension and provident fund?

Zakaat on Pension or Provident Fund

A: If the provident fund is compulsory i.e. it was created without your choice then you don’t need to pay zakaat on it.

( وسببه ) أي سبب افتراضها ( ملك نصاب حولي ) نسبه للحول لحولانه عليه ( تام ) بالرفع صفة ملك ( الدر المختار 2/259)

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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