The ruling on participating in a company's interest-free savings system

Question:
He says: This is an important question, and the questioner is not from the people of Ta'if. Honorable Shaykh Salih, may Allah preserve you and care for you. I work for a company that has a savings system where a percentage of the employee's salary is deducted monthly. There are two savings systems: one with interest, and the other without interest. At the end of service, the participating employee is rewarded with a hundred percent. What is your view on participating in the savings system that is without interest?

Answer:
In any case, as they say, a fatwa has been issued by the Department of Islamic Affairs regarding this. So the questioner should contact the Department of Islamic Affairs and get a copy of the ruling. But if it is without interest, this is like retirement, and Allah knows best. That is, the company saves a portion of his salary monthly, and then when he retires or leaves the job, his rights are settled or his retirement is processed based on what was deducted from his salary during his days or period of work. It is considered like retirement, and it appears to me that there is nothing wrong with it. As for the one that has riba (usury or interest), that is forbidden and not permissible.