Is it correct that you said it is not permissible to form associations where each member pays an amount and then a person receives it every period?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. He says: I read in one of your sermons that you say about the associations that some people or some employees form, where each one of them pays a portion of his money
Answer:
In my opinion, I say it is not permissible, because it involves a loan that yields benefit and a conditional loan. It is a loan where you lend to them on the condition that they lend to you. These are two prohibitions regarding the loan, because it falls under the ruling of two sales in one sale, and it involves a conditional loan. There are dangers in it. Yes.
He says: Honorable Shaykh, may Allah grant you success. He says: I read in one of your sermons that you say about the associations that some people or some employees form, where each one of them pays a portion of his money
Answer:
In my opinion, I say it is not permissible, because it involves a loan that yields benefit and a conditional loan. It is a loan where you lend to them on the condition that they lend to you. These are two prohibitions regarding the loan, because it falls under the ruling of two sales in one sale, and it involves a conditional loan. There are dangers in it. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2946- 4717] هل صح قولكم بعدم جواز الجمعيات حيث يدفع كل واحد منهم مبلغا ثم يستلمها شخص كل فترة؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.