What is the ruling on the supplementary pension?
The supplementary pension has three scenarios:
1. If the contract is with a private insurance company: It is stipulated that it must be cooperative insurance where the surplus is invested for the benefit of the insured, and the company should only take what is specified in a legitimate contract, such as . Commercial insurance is forbidden. 2. If the contract is with the state or the employer, and the money is invested in usurious banks or forbidden matters (such as usurious bonds): It is not permissible to subscribe to it if it is optional. 3. If what is deducted from the salary is invested in a permissible manner, or is not invested but rather saved for the employee to be disbursed upon retirement or to their heirs after death: There is no harm in subscribing to it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 191330
- 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