What is the ruling on the association formed among employees where they agree that each person pays a specific amount
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Question:
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on what is called the association formed among employees, where they agree that each person pays a specific amount?
Answer:
The Committee of Senior Scholars has permitted this, but as for me, I have reservations about it and hold that it is not permissible; because this is a mutual loan, where you lend to me on the condition that I lend to you. It is a mutual loan. I do not lend to them except because they will lend to you. This is one of the two sales in a single sale. Yes.
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on what is called the association formed among employees, where they agree that each person pays a specific amount?
Answer:
The Committee of Senior Scholars has permitted this, but as for me, I have reservations about it and hold that it is not permissible; because this is a mutual loan, where you lend to me on the condition that I lend to you. It is a mutual loan. I do not lend to them except because they will lend to you. This is one of the two sales in a single sale. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1706 -3022] ما حكم الجمعية التي تكون بين الموظفين حيث يتفقون على أن يدفع كل شخص مبلغا معين.. — youtube.com
The Arabic text is a machine transcription of the audio recording.