If a company’s investments are all in lawful matters, and its employees are forced to have deductions from their salaries, which are then given to them as what is called a retirement salary?
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The questioner : Because let us assume that the investment
The Shaykh : is deposited in something else
The questioner : Let us assume that all its investments are in lawful avenues, so what is our position as employees, I mean?
The Shaykh : Ah
The questioner : And we are forced to have the deductions, and we have no choice, do we take the retirement salary later when we reach retirement age?
The Shaykh : Ah, this is another matter that involves detail. The retirement salary, let me assume, for example, that I am an employee who is retired in a certain year, let us say the age of fifty in his life. Here a question comes to my mind now: Does the retirement salary differ between an old employee and a new employee? It may differ.
The questioner : Of course, it differs.
The Shaykh : There is a difference.
The questioner : Yes, that is right.
The Shaykh : Okay, let us suppose a man was employed here and one year has passed since his employment, he has one year of service, in this year how many dinars were deducted from his salary, for example, let us use that as an example.
The questioner : Let us suppose one hundred and fifty dinars.
The Shaykh : One hundred and fifty dinars, after he has completed this year, is he retired or must he complete years?
The questioner : No, he completes a certain number of years.
The Shaykh : How many years?
The questioner : It does not come to mind...
Another questioner: About twenty, the minimum is twenty.
The Shaykh : The minimum is twenty.
Another questioner: The minimum is twenty.
The questioner : ... ten years, I mean.
Another questioner: If his age is fifty-eight.
The Shaykh : The disagreement does not concern us, it is all a matter of giving examples, I mean. Okay, twenty years, an employee who spent twenty years in his job is retired, and an employee who spent forty years in his job, do you imagine this?
The questioner : Yes
The Shaykh : Okay, he is retired, he is retired, this second one, both were in the same rank, let us assume so. Okay, how much was deducted from the first employee’s salary?
The questioner : This is a percentage, for example, they determine what is imposed on him, let us suppose he is thirty years in service.
The Shaykh : I gave you two examples a moment ago.
The questioner : Yes
The Shaykh : Twenty-one and forty, you are not going to give examples now, you answer me, for example, before twenty, how many points compensate his salary?
The questioner : They may deduct from his salary an amount of twenty percent, for the one with twenty years, the one with forty years they deduct from his salary only ten percent. I am... for the one who has been in service from such and such to such and such, twenty percent or twenty-five percent is deducted from his salary, and for the one who has been longer, approximately ten to fifteen percent is deducted from him.
Another questioner: ...
The Shaykh : Yes, that is the point.
The questioner : We are calculating it as a percentage, O Shaykh.
The Shaykh : Okay, put down a number.
The questioner : ... eighty per year over twenty years...
The Shaykh : It is all gambling in gambling.
The questioner : They give you much more than they took from you.
The Shaykh : Ah
Another questioner: They give you more than they took from you.
The Shaykh : How? ...
Another questioner: More.
The Shaykh : Very well.
The questioner : ... .
The Shaykh : And others, they give them less than they took from them? Is that not so?
The questioner : ... .
The Shaykh : is deposited in something else
The questioner : Let us assume that all its investments are in lawful avenues, so what is our position as employees, I mean?
The Shaykh : Ah
The questioner : And we are forced to have the deductions, and we have no choice, do we take the retirement salary later when we reach retirement age?
The Shaykh : Ah, this is another matter that involves detail. The retirement salary, let me assume, for example, that I am an employee who is retired in a certain year, let us say the age of fifty in his life. Here a question comes to my mind now: Does the retirement salary differ between an old employee and a new employee? It may differ.
The questioner : Of course, it differs.
The Shaykh : There is a difference.
The questioner : Yes, that is right.
The Shaykh : Okay, let us suppose a man was employed here and one year has passed since his employment, he has one year of service, in this year how many dinars were deducted from his salary, for example, let us use that as an example.
The questioner : Let us suppose one hundred and fifty dinars.
The Shaykh : One hundred and fifty dinars, after he has completed this year, is he retired or must he complete years?
The questioner : No, he completes a certain number of years.
The Shaykh : How many years?
The questioner : It does not come to mind...
Another questioner: About twenty, the minimum is twenty.
The Shaykh : The minimum is twenty.
Another questioner: The minimum is twenty.
The questioner : ... ten years, I mean.
Another questioner: If his age is fifty-eight.
The Shaykh : The disagreement does not concern us, it is all a matter of giving examples, I mean. Okay, twenty years, an employee who spent twenty years in his job is retired, and an employee who spent forty years in his job, do you imagine this?
The questioner : Yes
The Shaykh : Okay, he is retired, he is retired, this second one, both were in the same rank, let us assume so. Okay, how much was deducted from the first employee’s salary?
The questioner : This is a percentage, for example, they determine what is imposed on him, let us suppose he is thirty years in service.
The Shaykh : I gave you two examples a moment ago.
The questioner : Yes
The Shaykh : Twenty-one and forty, you are not going to give examples now, you answer me, for example, before twenty, how many points compensate his salary?
The questioner : They may deduct from his salary an amount of twenty percent, for the one with twenty years, the one with forty years they deduct from his salary only ten percent. I am... for the one who has been in service from such and such to such and such, twenty percent or twenty-five percent is deducted from his salary, and for the one who has been longer, approximately ten to fifteen percent is deducted from him.
Another questioner: ...
The Shaykh : Yes, that is the point.
The questioner : We are calculating it as a percentage, O Shaykh.
The Shaykh : Okay, put down a number.
The questioner : ... eighty per year over twenty years...
The Shaykh : It is all gambling in gambling.
The questioner : They give you much more than they took from you.
The Shaykh : Ah
Another questioner: They give you more than they took from you.
The Shaykh : How? ...
Another questioner: More.
The Shaykh : Very well.
The questioner : ... .
The Shaykh : And others, they give them less than they took from them? Is that not so?
The questioner : ... .