FatwaFederal TerritoriesZakat
AL-KAFI #846 : ZAKAT WANG SIMPANAN KWSP
Is the zakat rate on EPF savings the same 2.5%?
Short answer
Zakat on savings, including EPF savings, is calculated at 2.5%, the same as zakat on gold and silver, based on the lowest balance of savings that meet the conditions.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Al-Kafi li al-Fatawi
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Zakat on savings, including EPF savings, is calculated at 2.5%, the same as zakat on gold and silver, based on the lowest balance of savings that meet the conditions. Following the National Fatwa Committee resolutions, Muslim employees must pay zakat on EPF savings once a full year (haul) has passed after receipt. Contributors are encouraged to pay zakat upon receiving EPF money if it reaches the nisab, without waiting a year. The questioner is advised to consult the nearest zakat centre.
Written in our own words from the original fatwa — check the source before acting on it.
Kesimpulannya, zakat simpanan dikira sebanyak 2.5% seperti mana zakat emas dan perak dan diambil kira baki terendah dalam simpanan seseorang yang telah cukup syarat-syaratnya.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “AL-KAFI #846 : ZAKAT WANG SIMPANAN KWSP”, 14 October 2018. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/2669-al-kafi-846-zakat-wang-simpanan-kwsp. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-on-epf-savings-rate-2-5-percent/