Paying zakaat on one's contribution towards a provident fund
Question
At my previous job, some years back there was a provident fund which I contributed a certain percentage and the company contributed a certain percentage. However after I left that job I forgot about that money and now while trying to take it out from the fund, I am experiencing difficulties as many years passed by and the account became redundant. Do I have to pay zakaat on that amount.
Answer
As a precautionary measure pay the zakaat of your contribution.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29376
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-29376
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Is zakaat payable on pension, provident fund or retirement annuity?
“We've previously answered an inquiry regarding Zakat on voluntary retirement savings plans where the employer also contributes. For details, kindly see Ask Imam #29670.”
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