Is it permissible for an employee to participate in a retirement program to which the company contributes a monthly amount without the employee's contribution, knowing that the program may involve ambiguity, but that he will choose a halal investment for the amount when he receives it?
Participating in the "pension" system falls into three categories:
1. If it is through government entities: It is permissible, because it is a right that the ruler has committed to, and it comes from the public treasury, with no suspicion of usury.
2. If the contract is directly between the employee and the insurance company: If it is commercial insurance: It is impermissible, due to its basis in gambling () and uncertainty (), and the participant is not allowed to take more than what they paid. If it is cooperative insurance: There is no objection to it.
3. If the company provides the retirement insurance to the employee as an incentive grant or a benefit within the employment contract: The sin lies with the company contracting with the insurance company, and there is no blame on the employee for benefiting from it. This is because what is forbidden to earn is forbidden only for the earner, and because uncertainty (gharar) is overlooked in gifts and their subsidiaries.
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