Question ID: 27105
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It is compulsory for employees to invest a portion of their salaries in a Pension Fund.After retirement,employees have access to one third of the entire fund.Thereafter,the two thirds of the fund will be paid to employees on a monthly basis.If an employee passes away,the remainder of the two thirds of the fund will be given to the beneficiaries of the fund.What portion of the fund forms part of one’s estate and what portion of it is zakaatable ?

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Asked on October 7, 2016 9:39 pm
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Private answer

AsalaamuAlaikum
السَّلاَمُ عَلَيْكُمْ وَرَحْمَةُاللهِ وَبَرَكَاتُهُ

When he gets the 1/3 and is the one paying Zakaat then pay on that amount.
If he happily has ceded it to the beneficiaries then he does not pay Zakaat on it, for it is not his.

وَعَلَيْكُمُ السَّلَام وَرَحْمَةُ اللَّهِ وَبَرَكَاتُهُ وَمَغْفِرَتُهُ
Was-Salaams
Mufti Elias
http://www.alislam.co.za

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Answered on October 12, 2016 2:17 pm