The ruling on paying two years' pension in advance to the company
Machine translationRead the Arabic original
Question:
Honorable Shaykh, a man works for the Aramco company, and he has encountered personal circumstances, so he remained on his early retirement. He remained on his early retirement for two years, and they told him to pay the pension for the two years in advance so that they would agree to his retirement and transfer him. It is known that the companies are subject to the social insurance system, not the pension benefits system. 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:
It is not permissible, because this falls under riba (usury or interest). You pay money and take more than it in the form of retirement. Take the retirement you are entitled to; that is sufficient in the blessing of the retirement you are entitled to. Take it. As for paying money in order to receive more retirement when you have not completed the service period that entitles you to full retirement, this is considered riba, because you paid dirhams and took in exchange dirhams greater than what you paid. Yes.
The presenter:
May Allah reward you,
Honorable Shaykh, a man works for the Aramco company, and he has encountered personal circumstances, so he remained on his early retirement. He remained on his early retirement for two years, and they told him to pay the pension for the two years in advance so that they would agree to his retirement and transfer him. It is known that the companies are subject to the social insurance system, not the pension benefits system. 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:
It is not permissible, because this falls under riba (usury or interest). You pay money and take more than it in the form of retirement. Take the retirement you are entitled to; that is sufficient in the blessing of the retirement you are entitled to. Take it. As for paying money in order to receive more retirement when you have not completed the service period that entitles you to full retirement, this is considered riba, because you paid dirhams and took in exchange dirhams greater than what you paid. Yes.
The presenter:
May Allah reward you,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 13 — archive.org (55:08)
The Arabic text is a machine transcription of the audio recording.