Provident fund
Question
Assalamu-Alaikum,
i am working in an multi national company, here company has an policy name "Provident Fund " in which some amount is deducted every month from my salary, and same amount is added by the company and then they invest that money in some business, which business, i don't know, according to this policy, at me retirement company will grant me all the profit they earned from that investment, so i want to clear that is that halal or not?
thank you,
Answer
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
Kindly provide further details of the provident fund in reference. Is the pension scheme above compulsory?. Do you have a choice in where the money is invested? You may revert to us at admin@daruliftaa.net.
And Allaah Ta’aala Knows Best.
Muajul I. Chowdhury
Student, Darul Iftaa
Astoria, New York, USA
Checked and Approved by,
Mufti Ebrahim Desai.
- Answered by
- Muajul I. Chowdhury
- Checked & approved by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/41683
Fatawa SA: https://fatawa.co.za/fatwa/askimam-41683
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