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What zakat is required on provident fund 9337995781

Ahle Haq Bangla Media Servicezakat-fitra


Question

A. The government deducts a portion of the monthly salary of government officials every month and deposits it in the provident fund, which returns it at the end of the service. I want to know whether zakat is obligatory every year on the money of this fund? B. If I lend some money to my friend, will zakat come on that money while he is with my friend? 4383278219


Answer

- حامداومصلياومسلما، بسم الله الرحمن الرحيم -

A. If the provident fund is officially deducted from the salary, if there is no opportunity for the government employee to withdraw it, then the zakat will not come on the money deposited in that fund. Since the owner of the money is not yet the employee. On the other hand, if he voluntarily deposits money in the provident fund. That is, if the employee is able to withdraw the deposited money if he wishes, then zakat will come on that money. Otherwise it will not come. B. If you lend money to someone, the person is sure to repay it, or the borrower admits that he has taken a loan. Or if there is proof of this loan, then zakat will come on that loan. And usually the borrower takes a loan to get the money back, so zakat has to be paid after the money is paid. Since the owner of the money remains the lender. 4517411829

- والله اعلم باالصواب -

* This Fatwa was translated by Google Translate.
To see the original click here

Source

  • الفتاوى الهندية, Part: 1, Page: 175
  • البحر الرائق, Part: 2, Page: 207
  • النهر الفائق, Part: 1, Page: 416