The Ruling on Financial Associations Established Among Employees
Machine translationRead the Arabic original
Question:
What is the ruling on the associations that some people engage in, where a portion of the salary is paid each month and one person receives it?
Answer:
If they agree to do so without any condition, there is no harm. If they agree to do so as a voluntary contribution from them, there is no harm among them; each person pays off the loan he owes. However, with a condition, no. If the condition is that you lend to me, this should be avoided. But if he lends to him, there is no harm without a condition; there is no harm.
Q: Is it with a condition, O Shaykh?
A: With a condition, it should be avoided.
What is the ruling on the associations that some people engage in, where a portion of the salary is paid each month and one person receives it?
Answer:
If they agree to do so without any condition, there is no harm. If they agree to do so as a voluntary contribution from them, there is no harm among them; each person pays off the loan he owes. However, with a condition, no. If the condition is that you lend to me, this should be avoided. But if he lends to him, there is no harm without a condition; there is no harm.
Q: Is it with a condition, O Shaykh?
A: With a condition, it should be avoided.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.