The Ruling on the Monthly Association Among Employees
Machine translationRead the Arabic original
The questioner:
What is the ruling on the association (jam'iyyah) that a group of people from al-Rawabi engage in, where each of these individuals takes a turn receiving the funds?
The Shaykh:
I hold that this is not permissible, because it involves a mutual arrangement that constitutes a loan that yields benefit. You have lent to your colleagues because they will lend to you; this is a loan that yields benefit, and the benefit you gain is receiving the loan from them. The Prophet (peace and blessings be upon him) said:Bulugh al-Maram 7:99.
Also, it is two sales in one sale, because you did not lend to them except on the condition that they lend to you, just as if you said, "I will sell you this item on the condition that you sell me such-and-such an item." The Prophet (peace and blessings be upon him) prohibitedMuwatta Malik 31:74. So I hold that it is not permissible for these reasons. Yes.
The presenter:
I seek forgiveness from Allah.
The Shaykh:
Due to the disagreement among scholars, regarding the one who holds that the prayer.
What is the ruling on the association (jam'iyyah) that a group of people from al-Rawabi engage in, where each of these individuals takes a turn receiving the funds?
The Shaykh:
I hold that this is not permissible, because it involves a mutual arrangement that constitutes a loan that yields benefit. You have lent to your colleagues because they will lend to you; this is a loan that yields benefit, and the benefit you gain is receiving the loan from them. The Prophet (peace and blessings be upon him) said:
Every loan, which leads to a benefit, is usury.
كُلُّ قَرْضٍ جَرَّ مَنْفَعَةً فَهُوَ رِبًاAlso, it is two sales in one sale, because you did not lend to them except on the condition that they lend to you, just as if you said, "I will sell you this item on the condition that you sell me such-and-such an item." The Prophet (peace and blessings be upon him) prohibited
two sales in one sale
عن بيعتين في بيعهThe presenter:
I seek forgiveness from Allah.
The Shaykh:
Due to the disagreement among scholars, regarding the one who holds that the prayer.
Source
قناة «العلامة الدكتور صالح الفوزان»، 13 من 13 / شرح العقيدة الطحاوية / لا نصدق كاهنا ولا عرافا / صالح الفوزان / العقيدة / كبار العلماء — youtube.com (1:22:42)
The Arabic text is a machine transcription of the audio recording.