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Home » Hanafi Fiqh » Muftisays.com » Is the interest given by the government on Defence Services Officers Provident Fund halal?
Is the interest given by the government on Defence Services Officers Provident Fund halal?
Assalamualaikum. Defence Services Officers Provident Fund is a fund where an officer has to deposit some amount of money from his salary every month. Its compulsory. The money remains with the government and government gives a good percentage of interest on the deposit. Though money remains for the officer, but it never comes to his hand until the end of his service. In between, if some one wants to draw some amount of money, he has to give back the same with even a higher percentage of interest. now, my question is, the interest that the government is giving, is it hallal or haram? The second question is, is the deposit of money subjected to zakaah?