kitty amongst co-workers

Category: 

Business Dealings & Money Matters

According to Madhhab: 

Hanafi

Reference: 

1440-262

Question: 

Work colleagues 
were discussing about a sum of money each month and each month someone will
collect a set amount. 

Eg. 5 persons namely
A, B, C, D & E each put in R100.00 into a kitty for 5 months and each
person will take turns to collect a monthly accumulated amount. Is this
permissible as I told them  

" IT IS NOT
PERMISSIBLE "

Please advise


Answer: 

There is no problem with the 5 members contributing towards the kitty and each one taking a turn to receive a lump sum every month. At the end of 5 months, each one would have taken a turn to receive his lot, whilst receiving nothing more than the total amount contributed by him in the five month period.

It will be as though all the contributors gave a loan to the person whose name appeared first and then second and so forth.

Re:- Fataawa Darul Uloom Zakariyya Pg.460 Vol.5

And Allah Ta'aala knows best

ANSWERED BY: Mufti Mohammed Desai

CHECKED AND APPROVED BY:  Mufti Muhammed Saeed Motara Saheb D.B 

Date: 16 Jumadal Ula 1440 English Date: 23 January 2019

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