Is the social solidarity system in syndicates, where a member pays a small annual amount and receives a much larger amount upon retirement, considered forbidden usury (riba)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the fund adheres to Sharia compliance, there is no objection to participating in it. The money received from it is not considered interest (riba) because it is based on cooperation and donation.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/94383
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- Original fatwa ID
- 94383
- Imported
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- Source text, unreviewed
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