What is the ruling on the financial associations widespread among employees?
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The questioner : What is the ruling on the financial associations widespread among employees, where each person pays, for example, one thousand riyals, which are collected and given to one person each month, and so on, until they all receive their turn?
The Shaykh : This transaction is permissible if it is based on sincerity of hearts. For instance, if one of them takes the thousand and leaves, writing a note in place of the paper, but then he travels to a certain country and settles there, what is the position of the group? If the group’s position is that they demand payment from him, then this transaction is not permissible. But if they overlook it, then it is cooperation.
The questioner : Even if one person is responsible for this association...
The Shaykh : What do you mean by "even," my brother? You understood the answer, may Allah guide you. I am saying that if this cooperation is based on a specific purpose or another, and one of them took the first thousand and left, why did he leave? We do not study... the important thing is that he left. Do they demand the difference from him because he was the first to take the thousand? Do they demand it, or do they overlook it? If they demand it, this demand will be a cause for discord and disagreement among the participating individuals. If it is truly cooperation, then he offers what is feasible for him monthly according to the agreement, and those for whom it is not feasible are overlooked, and the one who took it and left is overlooked. This will be truly cooperation for good. As for the first scenario, it is a partnership that invites discord among the participating individuals.
The Shaykh : This transaction is permissible if it is based on sincerity of hearts. For instance, if one of them takes the thousand and leaves, writing a note in place of the paper, but then he travels to a certain country and settles there, what is the position of the group? If the group’s position is that they demand payment from him, then this transaction is not permissible. But if they overlook it, then it is cooperation.
The questioner : Even if one person is responsible for this association...
The Shaykh : What do you mean by "even," my brother? You understood the answer, may Allah guide you. I am saying that if this cooperation is based on a specific purpose or another, and one of them took the first thousand and left, why did he leave? We do not study... the important thing is that he left. Do they demand the difference from him because he was the first to take the thousand? Do they demand it, or do they overlook it? If they demand it, this demand will be a cause for discord and disagreement among the participating individuals. If it is truly cooperation, then he offers what is feasible for him monthly according to the agreement, and those for whom it is not feasible are overlooked, and the one who took it and left is overlooked. This will be truly cooperation for good. As for the first scenario, it is a partnership that invites discord among the participating individuals.