Q: What elements of my pension do I need to pay zakāh on? If my pensions is a “zakātable” asset then what do I need to pay the zakāt on? The entire holding (i.e. fund value) or pay zakāt on the annual contribution? Is zakāt payable on my contribution alone or mine and my employer’s […]
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If I have a pension, which I don’t know any details about, do I pay zakah on the contributions and is it considered haram?
Q: If I have a pension, which I don’t know any details about, do I pay zakāh on the contributions and is it considered haram? I work for a big company and when I started in Feb 2009 the company inserted me on a default pension scheme. This would be 3% of my contribution and […]
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