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Question ID: 28453
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Salaams Mufti,

Does one have to pay Zakaat on RAs – Retirement Annuities – considering these are voluntary. If I pay R300 per month into an RA with Oasis – in one year I would have R3600 with Oasis plus profit/loss. Do I have to pay Zakaat on this.

Salaams

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Asked on September 14, 2008 12:00 am
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Pay on the current Surrender value.
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Answered on September 14, 2008 12:00 am