Fatwa: # 41683
Category: Business Matters
Country: Pakistan
Date: 23rd April 2019


Provident fund


i am working in an multi national company, here company has an policy name "Provident Fund " in which some amount is deducted every month from my salary, and same amount is added by the company and then they invest that money in some business, which business, i don't know, according to this policy, at me retirement company will grant me all the profit they earned from that investment, so i want to clear that is that halal or not? 
thank you, 


In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

Kindly provide further details of the provident fund in reference. Is the pension scheme above compulsory?. Do you have a choice in where the money is invested? You may revert to us at admin@daruliftaa.net.

And Allaah Ta’aala Knows Best.

Muajul I. Chowdhury

Student, Darul Iftaa

Astoria, New York, USA

Checked and Approved by,

Mufti Ebrahim Desai.

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