Participation in funds that include interest : are the additions to provident fund account interest ?

Fatawa Question

Dear scholar, Assalamu Alaikum ! I am a government servant. Some amount of money is deducted from our salary and is put in provident fund every month, and 15 % interest is also given on this amount. Is this Halal from Islamic point of view, or is it Riba.

Fatwa

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Publication Date

2003-02-24

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726575

American Psychological Association (APA)

Qahf, Mundhir. 2003-02-24. Participation in funds that include interest : are the additions to provident fund account interest ?. .
https://search.emarefa.net/detail/BIM-726575

Modern Language Association (MLA)

Qahf, Mundhir. Participation in funds that include interest : are the additions to provident fund account interest ?. 2003-02-24.
https://search.emarefa.net/detail/BIM-726575

American Medical Association (AMA)

Qahf, Mundhir. 2003-02-24. Participation in funds that include interest : are the additions to provident fund account interest ?.
https://search.emarefa.net/detail/BIM-726575