What is the ruling on subscribing to a supplementary pension scheme from which a monthly percentage is deducted from the employee and to which the company contributes, and the amount is invested in a bank from which an income is taken and added to the pension?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden to participate in the optional retirement scheme if it involves depositing money in a bank in exchange for interest (riba). It is also impermissible to take the profits resulting from it. Furthermore, there is another concern if the scheme is affiliated with a private company, which is the presence of excessive (uncertainty/deception), in addition to the company benefiting from the scheme, which removes it from being based on cooperation and mutual support.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/48583
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- Ftawy
- Original fatwa ID
- 48583
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy