The Ruling on Employee Associations
Machine translationRead the Arabic original
Question:
He says: Shaykh, is there zakah due on the cooperative savings scheme that employees, such as teachers and others, participate in today, especially for the last person to receive the funds?
Answer:
I do not see this cooperative as permissible; because it is a conditional loan, which is equivalent to the two sales in one transaction that are prohibited. Yes.
He says: Shaykh, is there zakah due on the cooperative savings scheme that employees, such as teachers and others, participate in today, especially for the last person to receive the funds?
Answer:
I do not see this cooperative as permissible; because it is a conditional loan, which is equivalent to the two sales in one transaction that are prohibited. Yes.
Source
نور على الدرب - الفوزان - 03/276 — archive.org (15:19)
The Arabic text is a machine transcription of the audio recording.