Zakah on retirement funds and accounts : Zakah on retirement fund
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Dear scholars I have two accounts that I will collect on upon my retirment. One is my hospital's plan that both I and the hospital pay into which is invested and gives me dividends, legal interest, not haram. And the other is a Roth Ira, a retirment fund that I invest in annually. My question is when I pay Zakat should I pay on the total amount of the both accounts or just on the earned money from the accounts, i.e. the Halal interest during the year. additionally can my husband on her own open an individual retirement account, i.e. a Roth Ira ? jazakum Allah Khairan
Fatwa
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Publication Date
2007-03-22
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-785934
American Psychological Association (APA)
Qahf, Mundhir. 2007-03-22. Zakah on retirement funds and accounts : Zakah on retirement fund. .
https://search.emarefa.net/detail/BIM-785934
Modern Language Association (MLA)
Qahf, Mundhir. Zakah on retirement funds and accounts : Zakah on retirement fund. 2007-03-22.
https://search.emarefa.net/detail/BIM-785934
American Medical Association (AMA)
Qahf, Mundhir. 2007-03-22. Zakah on retirement funds and accounts : Zakah on retirement fund.
https://search.emarefa.net/detail/BIM-785934
