The ruling on a partnership among four people
Machine translationRead the Arabic original
Question:
The questioner says: What is the ruling on a partnership that takes place among four people, where one of them takes it every six months?
Answer:
By Allah, I see that this is not permissible. This is a collective loan, a collective loan. You lend to your colleagues on the condition that they lend to you. So it is a loan that brings benefit. And in the hadith:Bulugh al-Maram 7:99. The scholars have agreed that every loan that brings benefit is riba (usury or interest), because a loan is one of the contracts of kindness intended to do good to the needy, and worldly benefit is not intended from it; rather, the intended benefit is in the Hereafter. So if the loan is exploited for the sake of this world, then it is riba. So I see that this practice should be abandoned. Yes.
The questioner says: What is the ruling on a partnership that takes place among four people, where one of them takes it every six months?
Answer:
By Allah, I see that this is not permissible. This is a collective loan, a collective loan. You lend to your colleagues on the condition that they lend to you. So it is a loan that brings benefit. And in the hadith:
Every loan, which leads to a benefit, is usury.
كُلُّ قَرْضٍ جَرَّ مَنْفَعَةً فَهُوَ رِبًا
Source
لقاء مفتوح [الطائف] — alfawzan.live (30:32)
The Arabic text is a machine transcription of the audio recording.