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Question ID: 28450
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Assalaamu Alaikum

In May last year I left a job at a Company to join another company. I was a member of a Provident Fund. According to the rules now a person is allowed ONE withdrawal (either lump sum or a portion – if a portion is taken then you cannot withdraw again until retirement). I chose not to withdraw my Provident Fund but transferred it to the Oasis Crescent Preservation Fund directly without me taking possession of it.

Do I have to pay Zakaat on this money.

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Asked on September 14, 2008 12:00 am
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No
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Answered on September 14, 2008 12:00 am
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