Fasting and Curbing of ... Date Added: 20-12-2022

Mourning the Death of ... Date Added: 18-12-2022

How to Protect our Children ... Date Added: 15-12-2022

Islamic Rulings for Newborn ... Date Added: 12-12-2022

In order not to Regret the ... Date Added: 09-01-2023

First Master`s Dissertation ... Date Added: 02-01-2023

Generalizing Judgments is ... Date Added: 27-12-2022

Mourning Homeland Martyrs Date Added: 21-12-2022

Fatawaa


Subject : Doubling Subscriber`s Solidarity Savings at End of Service

Fatwa Number : 3358

Date : 11-02-2018

Classified : Current Financial Issues

Fatwa Type : Search Fatawaa


Question :

Article(4) of the Social Solidarity System (Solidarity Funds) of the Higher Youth Council Law stipulates that a beneficiary who has completed five years of subscription is entitled to receive double the amount of his/her savings in case of retirement, death or becoming sixty. Is this lawful or forbidden?



The Answer :

All perfect praise be to Allah, The Lord of The Worlds, and may His peace and blessings be upon Prophet Mohammad and upon all his family and companions.


It is permissible to lay down regulations for such funds, and the condition mentioned in the above question doesn`t involve any violation of Shariah and thus it must be abided by since the Prophet(PBUH) said, "Muslims are on (i.e. stick to) their conditions."{Related by Al-Hakim}. And Allah knows best.







Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

Captcha
 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.