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People’s Majlis Passes law Allowing use of 80% From Pension Fund for Hajj

The People’s Majlis has passed a law allowing individuals to utilize 80% of the money from their pension fund in order to go to Hajj.

The amendment was proposed by the MP of Kendhikulhudhoo, Mr Ahmed Easa and passed by a majority of 70 votes from parliament members.

The amendment was approved by The Committee in Social Affairs with some recommendations.

They advised that there should be a voluntary scheme for the members of the retirement pension scheme which fits all legal criteria.

They further added that the individuals must have a minimum balance of MVR 420,000 in their pension account to be issued 80% of their fund.

Using the pension fund as a means of completing Hajj was a pledge by President Hon. Ibrahim Mohamed Solih.

Full details are available at the link below:

Source URL: Corporate Maldives

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