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Home Category Blog Is it permissable for a Muslim to participate in a retirement plan or an unemployment plan that is offered by institutions, companies and governments?

Is it permissable for a Muslim to participate in a retirement plan or an unemployment plan that is offered by institutions, companies and governments?

It is acceptable to participate in unemployment insurance plans. As for the retirement plan, its circumstances may be different among government, banks and other institutions and I do not have a detailed understanding of these circumstances in order to give Fatwa (religious ruling) on this subject.

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