Providence funds and retirement accounts : government employees are required to contribute to providence fund

Fatawa Question

My question is that I am serving in government department and my department is subscribing / deducting provident fund which is compulsory. Please tell me that profit on this provident fund is Halal or otherwise ? It is further added that there is no security to other departments in Pakistan where I can invest my savings. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2008-02-10

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729972

American Psychological Association (APA)

Qahf, Mundhir. 2008-02-10. Providence funds and retirement accounts : government employees are required to contribute to providence fund. .
https://search.emarefa.net/detail/BIM-729972

Modern Language Association (MLA)

Qahf, Mundhir. Providence funds and retirement accounts : government employees are required to contribute to providence fund. 2008-02-10.
https://search.emarefa.net/detail/BIM-729972

American Medical Association (AMA)

Qahf, Mundhir. 2008-02-10. Providence funds and retirement accounts : government employees are required to contribute to providence fund.
https://search.emarefa.net/detail/BIM-729972