Ruling on Collecting Money Monthly and Taking Turns Receiving It
Machine translationRead the Arabic original
Question:
He says: We are a group who collects one thousand riyals every month, and one of us takes it. He says: We are a group who pays one thousand riyals every month, and after a year, this amount passes through all the eligible members. Is there anything wrong with this, may Allah grant you success?
Answer:
Also, regarding the previous issue that was presented, a problem arose and the scholars divided into two groups: one group permitted it, and one group prohibited it. I am among those who prohibit this matter, and I consider it to be riba (usury or interest). Because it is a loan that yields a benefit, for you did not lend to your colleagues except on the condition that they lend to you. It falls under the saying of the Messenger (peace and blessings be upon him): "Every loan that yields a benefit is riba." You lent to them so that they would lend to you. When your turn comes, you are safe. Is there a condition or agreement between you regarding this or not?
There is a condition and agreement between you; whoever is ready for his turn takes it. So it is not merely a favor to them, but rather you lent to them hoping that your turn would come and you would take this loan. It is a loan that brings about its own return. What makes him lend from this? Yes.
He says: We are a group who collects one thousand riyals every month, and one of us takes it. He says: We are a group who pays one thousand riyals every month, and after a year, this amount passes through all the eligible members. Is there anything wrong with this, may Allah grant you success?
Answer:
Also, regarding the previous issue that was presented, a problem arose and the scholars divided into two groups: one group permitted it, and one group prohibited it. I am among those who prohibit this matter, and I consider it to be riba (usury or interest). Because it is a loan that yields a benefit, for you did not lend to your colleagues except on the condition that they lend to you. It falls under the saying of the Messenger (peace and blessings be upon him): "Every loan that yields a benefit is riba." You lent to them so that they would lend to you. When your turn comes, you are safe. Is there a condition or agreement between you regarding this or not?
There is a condition and agreement between you; whoever is ready for his turn takes it. So it is not merely a favor to them, but rather you lent to them hoping that your turn would come and you would take this loan. It is a loan that brings about its own return. What makes him lend from this? Yes.
Source
المساهمة بالمال على مدار العام — alfawzan.live
The Arabic text is a machine transcription of the audio recording.