Do I still have to pay Zakah on my badly-performing pension fund ?
Fatawa Question
Do I still have to pay Zakah on my badly-performing pension fund ? If someone has a fund, which they have control over where it is invested, but they still can’t liquidate or access any part of it till they are 55, then s/he has to pay Zakah on the value of the fund (not on the value of the contributions he puts in). If the fund isn’t doing very well, this might mean he is paying out 2.5 % every year on a fund whose overall value doesn’t rise except based on the contributions he puts in. Does he still have to pay Zakah on my badly-performing pension fund ?
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2011-08-15
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-732608
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2011-08-15. Do I still have to pay Zakah on my badly-performing pension fund ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732608
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Do I still have to pay Zakah on my badly-performing pension fund ?. Manchester England : al-Qalam Shariah Scholar Panel. 2011-08-15.
https://search.emarefa.net/detail/BIM-732608
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2011-08-15. Do I still have to pay Zakah on my badly-performing pension fund ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732608
