The Ruling on Associations Among Employees
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. This questioner says: Is it permissible to form what are called associations among employees?
Answer:
By Allah, I see that this is not permissible because it is a loan that yields a benefit. You do not lend to them except so that they will lend to you when your turn comes. It is a loan that yields a benefit. Yes. And the Messenger (peace and blessings be upon him) said:Bulugh al-Maram 7:99 Yes.
Honorable Shaykh, may Allah grant you success. This questioner says: Is it permissible to form what are called associations among employees?
Answer:
By Allah, I see that this is not permissible because it is a loan that yields a benefit. You do not lend to them except so that they will lend to you when your turn comes. It is a loan that yields a benefit. Yes. And the Messenger (peace and blessings be upon him) said:
Every loan, which leads to a benefit, is usury.
كُلُّ قَرْضٍ جَرَّ مَنْفَعَةً فَهُوَ رِبًا
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب النهي عن ثمن عسب الفحل — islamhouse.com (52:43)
The Arabic text is a machine transcription of the audio recording.