Published 7 years ago
Last updated 7 years ago
Q: Is the system of committee in which a huge sum of money is collected by members of a group and given to one person at a time and then this person has to pay back the money he received at monthly intervals lawful in Islam? What is it's ruling in shariah?
A: If it does not involve interest and there is no other wrong associated with people assisting the person with the loan, it will be permissible.
And Allah Ta'ala (الله تعالى) knows best.
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