FatwaPenangZakat
Fatwa Mengenai Pengiraan Zakat Akaun Kumpulan Wang Simpanan Pekerja (KWSP) Simpanan Konvensional (Tidak Patuh Syariah)
How is zakat calculated on a conventional (non-Shariah-compliant) EPF savings account, and what must Muslim contributors do about such accounts?
Short answer
Dividends from a conventional EPF account must first be separated to identify the portion derived from non-Shariah-compliant investments.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa (Warta)
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Dividends from a conventional EPF account must first be separated to identify the portion derived from non-Shariah-compliant investments. The remaining Shariah-compliant dividend is added to the principal and bonus, and zakat is imposed subject to the usual conditions for zakat calculation. Muslim EPF contributors are also obliged to switch to a Shariah savings account without delay. The fatwa was issued by the Penang State Fatwa Committee on 12 December 2022.
Written in our own words from the original fatwa — check the source before acting on it.
Pencarum KWSP yang beragama Islam wajib menukar status Akaun KWSP Simpanan Konvensional kepada Akaun KWSP Simpanan Syariah dengan segera.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “Fatwa Mengenai Pengiraan Zakat Akaun Kumpulan Wang Simpanan Pekerja (KWSP) Simpanan Konvensional (Tidak Patuh Syariah)”, date not stated. https://mufti.penang.gov.my/index.php/awam/fatwa-1/himpunan-fatwa#fatwa-mengenai-pengiraan-zakat-akaun-kumpulan-wang-simpanan-pekerja-kwsp-simpanan-konvensional-tidak-patuh-syariah. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-calculation-conventional-epf-savings-account/