Question ID: 25347

As salaamu alaykum.

I am currently working in a company where a provident fund is compulsory.

The institution who receives our contributions invests the contribution on the stock exchange (where the companies on the stock exchange are non-Shariah compliant/ non permissible).

Contributions made are done monthly i.e. 50 % employer and 50% employee.

At the end of each year a bonus / interest is added to the total contributions made. Attached to this provident fund is also a disability fund and life assurance.

Please advice: if I were to resign and my provident fund becomes payable to me, which portions are permissible.

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Asked on March 27, 2009 12:00 am
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Answered on March 27, 2009 12:00 am