I contribute to a compulsory pension fund where a portion is paid by the employer and a portion by me. Is Zakaat payable?
Question
For 21 years I contribute to a compulsory pension fund where a portion is paid by the employer and a portion by me. Is Zakaat payable?Is it payable on both the employers and employees contributions?
Answer
Zakaat will be compulsory only on your contributions to the pension fund, if your contriibutions is equivalent to or more than Nisaab (amount on which zakaat becomes compulsory).
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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