Zakaat on Pension or Provident Fund

Q: Do I have to pay zakaat on money in my pension and 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)

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