The Ruling on Employee Associations
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. The questioner asks: What is the ruling on the employees' association?
Answer:
What is the employees' association? Is it a loan association where they pool money and one of them takes it in turn? I hold that this is not permissible, because it is a loan that yields benefit. It is a conditional loan. If you lend to me on the condition that I lend to you, that is not permissible. This is what I hold regarding the employees who lend to one another only on the condition that they lend to them in turn; it is not permissible. Yes.
May Allah reward you, Honorable Shaykh. The questioner asks: What is the ruling on the employees' association?
Answer:
What is the employees' association? Is it a loan association where they pool money and one of them takes it in turn? I hold that this is not permissible, because it is a loan that yields benefit. It is a conditional loan. If you lend to me on the condition that I lend to you, that is not permissible. This is what I hold regarding the employees who lend to one another only on the condition that they lend to them in turn; it is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [3436/2249] حكم جمعية الموظفين - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.