The Ruling on a Cooperative Association Among Employees
Machine translationRead the Arabic original
Question:
He says: We have been employees in the same office for many years, and we need to help one another, so we established an association among ourselves where each person receives it from the other every month.
Answer:
If this is a matter of cooperation, and nothing returns to you, and you seek the reward in a cooperative association where you seek the reward and meet the need of the needy, then this is a good thing, this is a good thing. But if this is a matter of a loan, where you lend to them this time, and then they lend to you the next time, and so on, this is a loan that brings benefit, and it is a conditional loan in a loan, so this is not permissible? Yes.
He says: We have been employees in the same office for many years, and we need to help one another, so we established an association among ourselves where each person receives it from the other every month.
Answer:
If this is a matter of cooperation, and nothing returns to you, and you seek the reward in a cooperative association where you seek the reward and meet the need of the needy, then this is a good thing, this is a good thing. But if this is a matter of a loan, where you lend to them this time, and then they lend to you the next time, and so on, this is a loan that brings benefit, and it is a conditional loan in a loan, so this is not permissible? Yes.
Source
نور على الدرب - الفوزان - 03/016 — archive.org (8:29)
The Arabic text is a machine transcription of the audio recording.