What exactly is the "Provident fund"?

Name: Qatar Living Classifieds
Rating: 4.1 (228 reviews)
Author: Qatar Living

I have an offer to work in Qatar and the company will deduct 5% of my salary to contribute to the provident fund. They will also contribute 5% themselves. Is this a retirement type product? When can you access it? When you leave your employer? or Qatar? Is 5% standard? Any help much appreciated. Thanks

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What exactly is the "Provident fund"?

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