Zakaat on compulsory pension / provident fund

Q: Do we need to pay Zakaat on our compulsory pension/provident fund we have with the company. Should we include this amount (market value @ zakaat date) as part of our assets when calculating our Zakaat.


A: No.

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


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)