What is the ruling on one who joins a cooperative and receives the money last?
Machine translationRead the Arabic original
The questioner:
He says: I am a person who cannot gather money and I am unable to save, so I decided to join a cooperative and be the last one to receive this money from this cooperative. What is its ruling?
The Shaykh:
What is a cooperative? What kind of cooperative?
The questioner:
A group, Shaykh, of people, one person each month.
The Shaykh:
I do not see this. This is a loan, this is a loan tied to a loan, and it is a loan that brings benefit, so it is not permissible. Yes.
He says: I am a person who cannot gather money and I am unable to save, so I decided to join a cooperative and be the last one to receive this money from this cooperative. What is its ruling?
The Shaykh:
What is a cooperative? What kind of cooperative?
The questioner:
A group, Shaykh, of people, one person each month.
The Shaykh:
I do not see this. This is a loan, this is a loan tied to a loan, and it is a loan that brings benefit, so it is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم من يشترك في جمعية ويقبض المال أخيراً؟ لمعالي الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.