Question Summary:
Provident fund

Question Detail:

Assalamu-Alaikum,
i am working in an multi national company, here company has an policy name "Provident Fund " in which some amount is deducted every month from my salary, and same amount is added by the company and then they invest that money in some business, which business, i don't know, according to this policy, at me retirement company will grant me all the profit they earned from that investment, so i want to clear that is that halal or not? 
thank you, 

Answer :

In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

Kindly provide further details of the provident fund in reference. Is the pension scheme above compulsory?. Do you have a choice in where the money is invested? You may revert to us at admin@daruliftaa.net.

And Allaah Ta’aala Knows Best.

Muajul I. Chowdhury

Student, Darul Iftaa

Astoria, New York, USA

Checked and Approved by,

Mufti Ebrahim Desai.