Is the final salary defined benefit scheme permissible ?
Fatawa Question
I am a teacher in a secondary and one thing that is offered to all teachers is the teacher pension scheme. Such a scheme or any pension scheme deemed as Halal, would it be better to opt-out of such schemes ? It is the teacher pension scheme offered by the government. Each month an amount from my pay packet would come out and this figure would be topped up by my employer. The money goes into a pension fund, although I have been led to believe that this is not for investment purposes rather it is used to pay the pensions of others who are of retirement age and this
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2014-07-09
Country of Publication
United Kingdom
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726798
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-07-09. Is the final salary defined benefit scheme permissible ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726798
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Is the final salary defined benefit scheme permissible ?. Manchester England : al-Qalam Shariah Scholar Panel. 2014-07-09.
https://search.emarefa.net/detail/BIM-726798
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-07-09. Is the final salary defined benefit scheme permissible ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726798
