Question ID: 28842
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I have changed jobs to a new company – When I left my old company, I requested that my Provident Fund money be transferred to my new company’s Provident Fund – instead of it being paid out to me. (Approx R100 000) – I have paid Zakaat on this amount this year as it is still in the process of being transferred. Once these funds have been transferred, it would no longer be under my control and I can only access it when I retire or leave the company.
Do I have to continue paying Zakaat on this amount for the future years?

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Asked on April 18, 2008 12:00 am
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Private answer
No, when it is not in your control it is not your asset.
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Answered on April 18, 2008 12:00 am