Why does one need to pay Zakat on a pension plan if one does not get access till later ?
Fatawa Question
I have recently setup a SI pension plan account where I can manage the investment but the principal and the gains are not available to me till the age of 55. Is the investment value still Zakatable in the years leading up to age 55 ?
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2013-04-14
Country of Publication
United Kingdom
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-732606
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2013-04-14. Why does one need to pay Zakat on a pension plan if one does not get access till later ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732606
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Why does one need to pay Zakat on a pension plan if one does not get access till later ?. Manchester England : al-Qalam Shariah Scholar Panel. 2013-04-14.
https://search.emarefa.net/detail/BIM-732606
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2013-04-14. Why does one need to pay Zakat on a pension plan if one does not get access till later ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732606
