Shaykh Muqbil Bin Hadi Al-Wadi’i was asked:

Question:

“What is the ruling on social security or the retirement system? For example, they take from a person who enters into this a specific amount in the week or in the month. So when he gets old, they give him from this [money] which they took from him”

Answer:

“In the likes of this, he takes in accordance to what he gave them, so that there is not in it usury. And Allah is the one whose Help is sought.” End translation. [ar-Rihlatul Akheera Li Imam il-Jazeerah pg. 279 written by Umm Salamah as-Salafiyyah]

Translated by

Faisal ibn Abdul Qaadir ibn Hassan
Abu Sulaymaan