The Ruling on Savings Associations Between Employees and Teachers
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success, regarding the associations formed between employees and teachers
The Shaykh:
So do not accept this five percent. And do not take from the bank anything other than the principal. Take your salary; do not take any interest from the bank.
The questioner:
Yes. I say: Honorable Shaykh, may Allah preserve you, regarding the associations formed between employees or teachers, what is the operative cause of their prohibition, and do they fall under one of the categories of riba (usury or interest)?
The Shaykh:
Yes, they fall under a loan that yields a benefit, because one of the participants did not lend to the others except on the condition that they lend to him. He lends to them now on the condition that they lend to him when his turn comes, he takes the total. So he lent to them for the sake of their lending to him. This is a loan that yielded a benefit. Yes.
The questioner:
He says:
The Shaykh:
I see it as such.
The questioner:
No, there is a defect in it.
The Shaykh:
This, but I see that this is not permissible because it is a loan that yields a benefit.
The presenter:
Yes,
He says: Honorable Shaykh, may Allah grant you success, regarding the associations formed between employees and teachers
The Shaykh:
So do not accept this five percent. And do not take from the bank anything other than the principal. Take your salary; do not take any interest from the bank.
The questioner:
Yes. I say: Honorable Shaykh, may Allah preserve you, regarding the associations formed between employees or teachers, what is the operative cause of their prohibition, and do they fall under one of the categories of riba (usury or interest)?
The Shaykh:
Yes, they fall under a loan that yields a benefit, because one of the participants did not lend to the others except on the condition that they lend to him. He lends to them now on the condition that they lend to him when his turn comes, he takes the total. So he lent to them for the sake of their lending to him. This is a loan that yielded a benefit. Yes.
The questioner:
He says:
The Shaykh:
I see it as such.
The questioner:
No, there is a defect in it.
The Shaykh:
This, but I see that this is not permissible because it is a loan that yields a benefit.
The presenter:
Yes,
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/76 شرح زاد المستقنع/ صالح الفوزان — youtube.com (26:57)
The Arabic text is a machine transcription of the audio recording.