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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Ruling on paying money in advance in exchange for early retirement

Machine translationRead the Arabic original
Question:
A man works for the Aramco company, and personal circumstances arose for him, and he remained on early retirement for two years. They told him, “Pay the retirement for the two years in advance so that we can agree to your retirement and process it.” He knows that the companies are subject to the social insurance system, not the military retirement fund. The question is: What is the ruling on this money that he pays for the two years? And is it permissible for me to pay it?

Answer:
This is not permissible, because this falls under riba (usury or interest). You pay money and take more than what is in the retirement. Is there any blessing in the retirement you are entitled to? The retirement you are entitled to is the settlement. But if you pay money in order to receive a larger retirement, and you have not completed a period of service that entitles you to the full retirement, this is considered riba, because you paid dirhams and exchanged them for more dirhams than what you paid. Yes.
Source الفتوى حكم دفع مال مقدما للحصول على التقاعد قبل أوانه — alfawzan.live

The Arabic text is a machine transcription of the audio recording.

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