If you have a defined contribution scheme pension, Zakat is due on specific assets in the fund. This fund is the most common type of pension fund. If you don’t know which assets from your pension fund are zakatable, then you can use our easy to use online Calculator now. Simply enter the type of pension you have and its current value in the ‘My Value’ section and the Calculator will do the rest.
Not every pension is Zakatable. Defined benefit schemes (also known as final salary and career average pensions) are not subject to Zakat. However, defined contribution schemes are Zakatable.
Approved by Mufti Amjad 6th August 2023
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