The Ruling on the Cooperative Association
Machine translationRead the Arabic original
The questioner:
What is the final ruling on the Sharia-compliant cooperative association? And is it permissible for five people to agree to buy a car, then sell it, and give the proceeds to those in need, even if there are more of them because they are needy, so that all the people pay for the others?
The Shaykh:
You gathered something for the Sharia-compliant association.
The questioner:
The community.
The Shaykh:
The Sharia-compliant cooperative means that they donate and collect their donations, and if any one of the Muslims needs help, he is helped from this cooperative. As for limiting it to them, and that is not clear, it does not mean that you pay something and take more than what you paid. If something befalls you or a disaster strikes, you take more than what you paid. But if it is absolute, meaning everyone is in need, and nothing returns to you except for the reward and the wage, then there is no harm. Associations have now grown and diversified, and their income has become mixed with ambiguity and actions that require scrutiny.
What is the final ruling on the Sharia-compliant cooperative association? And is it permissible for five people to agree to buy a car, then sell it, and give the proceeds to those in need, even if there are more of them because they are needy, so that all the people pay for the others?
The Shaykh:
You gathered something for the Sharia-compliant association.
The questioner:
The community.
The Shaykh:
The Sharia-compliant cooperative means that they donate and collect their donations, and if any one of the Muslims needs help, he is helped from this cooperative. As for limiting it to them, and that is not clear, it does not mean that you pay something and take more than what you paid. If something befalls you or a disaster strikes, you take more than what you paid. But if it is absolute, meaning everyone is in need, and nothing returns to you except for the reward and the wage, then there is no harm. Associations have now grown and diversified, and their income has become mixed with ambiguity and actions that require scrutiny.
Source
شرح الكافية الشافية في الانتصار للفرقة الناجية [ القصيدة النونية ] [ صالح الفوزان ]، بداية من قوله : هو قابض هو باسط هو خافض — islamhouse.com (53:27)
The Arabic text is a machine transcription of the audio recording.