• Prayers & Duties >> Zakat & Charity

    Question ID: 66492Country: Pakistan

    Title: Zakat on the withdrawl provident fund

    Question: I have recently withdraw the provident fund from my company. I got the cumulative amount (my contribution as well as the company contribution). I want to know that how should I pay zakah on it, considering the amount I got is more than the nisab. Do I have to pay zakah as soon as I receive money or should that money has to be under my possession for the next 1 year?

    Answer ID: 66492

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 759/660/D=10/1437)

    If you are already sahib-e-nisab then when the year completes and zakah becomes wajib on you, you will have to pay the zakah of your PF at that time, it is not necessary to complete one year on PF separately.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India