Is it permissible to work for a commercial company that deducts a portion of an employee's salary for a savings fund and adds 10% annual interest to it after the employee reaches the age of sixty?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Participation in the aforementioned savings scheme is impermissible because both the principal and the profit are guaranteed, making it a usurious loan. If the company compels its employees to participate, then working for it is not permissible unless out of necessity. In such a case, the employee should only take back their principal, which was deducted from their salary, and dispose of the usurious profit by spending it on public welfare.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/188379
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 188379
- 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