Asalaamu Alaikum
I trust that you are well.
I am calculating my Zakaah and would like advice on something. I currently have a pension fund which is a mandatory deduction from my salary by my company. My contribution is 45% and the companies 55%. This money is not physically in my possesion.
– Do I pay Zakaah on the amount now?
or
– Do I pay Zakaah on the amount once I cash out my pension on retirement?
– Do I pay Zakaah on only my 45% contribution or the total amount?
Please advise which is the best option.
Shukran
