AskImamDarul Iftaa Mahmudiyyah (AskImam)
Salary package and use of allownace in accordance with Islamic shariah.
Question
As part of my salary package, the company offered me a car allowance, pension and medical aid. Withregards to the car allowance, I have to purchase and the asset belongs to me. I took the option for tax benefit. However, I pay interest and am concerned. Should I pay off the capital if I have funds or allow the term to run. With regards to the pension & medicl aid this is compulsory.
Answer
It is not permissible to incur an interest bearing transaction to reduce tax payments.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
FATWA DEPT.
- Answered by
- Mufti Ebrahim Desai
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