Pension

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

194360

Widow . Husband . Pension . Gift . Death

Who holds the right to gifts like gold, clothes, blankets, watches, and furniture given to a widow by her deceased husband, as well as the pension of a deceased person: the widow or her in-laws?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 10 months ago

If the items belong to the widow, then she has the right, but if the items belong to her deceased husband then she has the right on her share from what her husband left. It is one forth if the deceased did not have children, or one eighth if he has children.

Wassalam.

169286

Pension . Khums . Employment

When should I pay the Khums on the amount I contribute monthly to my optional pension account? Is it due immediately or upon receiving the money upon retirement? Can I choose between these two options?

This amount is saved or invested for you in your pension fund, that is why you need to calculate how much you have saved and pay it’s Khums on your Khums date.

Wassalam.

100531

Pension . Income . Khums

My parents have a pension and profit from a savings account as their sources of income. Is the capital in the savings account subject to Khums given that a large sum is required to earn enough profit, on top of the pension, to cover all living expenses?

If the saved money came from an income out of which Khums has been paid, then no Khums again on such amount. But if the saved money came from a source of income with out paying its Khums, then Khums on that part of the savings remains obligatory.

Wassalam.

47044

Pension . Riba . Bank

Is it permissible for a person to take pension from a riba based bank where he used to work in the past and from where he has voluntarily retired?

Abolfazl Sabouri, Abolfazl Sabouri is based in New Zealand and has an MA in Jurisprudence and Islamic Studies. He is a graduate of Elmiyeh seminary in Qom with more than 15 years of study and research where he has... Answered 6 years ago

It is permissible but he should pay its khoms.