The ruling on participating in a mutual assistance fund, where money is collected and given to whoever falls into financial hardship
Machine translationRead the Arabic original
The questioner:
May Allah reward you, Honorable Shaykh. This questioner says: We are a group of young men from one of the Arab countries residing in this blessed land. He says: We are a group of young men from one of the Arab countries residing in this blessed land, and given that some of us may face financial disasters and the like, some of us have proposed establishing mutual assistance, meaning that each of us establishes mutual assistance,
The Shaykh:
Mutual assistance. Yes. Yes.
The questioner:
Meaning that each of us pays a monthly amount, and if any of us is struck by one of these misfortunes, he is paid from this mutual assistance. What is the ruling on this arrangement?
The Shaykh:
If it is considered charity and a good donation, there is nothing wrong with it. You pay it to him as charity and a donation; this is a good thing. This cooperation is part of cooperation. You collect money and help the needy among you.
May Allah reward you, Honorable Shaykh. This questioner says: We are a group of young men from one of the Arab countries residing in this blessed land. He says: We are a group of young men from one of the Arab countries residing in this blessed land, and given that some of us may face financial disasters and the like, some of us have proposed establishing mutual assistance, meaning that each of us establishes mutual assistance,
The Shaykh:
Mutual assistance. Yes. Yes.
The questioner:
Meaning that each of us pays a monthly amount, and if any of us is struck by one of these misfortunes, he is paid from this mutual assistance. What is the ruling on this arrangement?
The Shaykh:
If it is considered charity and a good donation, there is nothing wrong with it. You pay it to him as charity and a donation; this is a good thing. This cooperation is part of cooperation. You collect money and help the needy among you.
Source
قناة «العلامة الدكتور صالح الفوزان»، 353- حكم المشاركة في صندوق تكافل، حيث يجمع فيه المال ويعطى لمن وقع في ضائقة مالية|الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.