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.

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A: No.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)