Pension schemes


Assalaamu alaikum Shaykh,

Are pension schemes Halal or Haram?

Jazakallahu Khairan


wa `alaykum salam,
The majority of the scholars consider the value of contribution towards the pension scheme as part of one’s savings. Therefore it is allowed and Zakatable.

Imam Senad Agic
Head Imam (IABNA)
The Islamic Association of Bosniaks in North America
American Islamic Center – Chicago

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