The family gathering money and endowing it to lend to those in need
Machine translationRead the Arabic original
Question:
I say: Honorable Shaykh, may Allah grant you success. In our country, some families gather cash amounts from the individual members of the family and endow them for the family. They give it to the needy, and then the one who borrows it repays it. What is the ruling on this practice?
Answer:
This is a matter of lending. It is a society that lends to the needy, and the needy repay the loan to the society, which then lends to other people. This is a good thing; there is nothing wrong with it, provided they donate voluntarily, it is optional for whoever wishes to donate, the money is gathered from lawful sources, and the needy are lent from it. Yes. This is a good deed. Yes.
I say: Honorable Shaykh, may Allah grant you success. In our country, some families gather cash amounts from the individual members of the family and endow them for the family. They give it to the needy, and then the one who borrows it repays it. What is the ruling on this practice?
Answer:
This is a matter of lending. It is a society that lends to the needy, and the needy repay the loan to the society, which then lends to other people. This is a good thing; there is nothing wrong with it, provided they donate voluntarily, it is optional for whoever wishes to donate, the money is gathered from lawful sources, and the needy are lent from it. Yes. This is a good deed. Yes.
Source
شرح زاد المستقنع [61] — alfawzan.live (1:13:43)
The Arabic text is a machine transcription of the audio recording.