The Ruling on the Monthly Association of Employees
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, we are a group of employees who have established a monthly association among ourselves, where each person contributes one thousand riyals, and we are ten people who collect for each of them. What is the ruling?
Answer:
I issue a ruling that it is not permissible, because it is a loan that yields benefit, and a contract conditioned within a contract. I lend to you on the condition that you lend to me, so this is not permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success, we are a group of employees who have established a monthly association among ourselves, where each person contributes one thousand riyals, and we are ten people who collect for each of them. What is the ruling?
Answer:
I issue a ruling that it is not permissible, because it is a loan that yields benefit, and a contract conditioned within a contract. I lend to you on the condition that you lend to me, so this is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2371 -2802] حكم جمعية الموظفين الشهرية - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.