What is the ruling on a cooperative society with specific conditions related to the payment of contributions, account management, loan and repayment terms, expulsion, emergency advances, and the possibility of new members joining, and can some of these conditions be canceled to make the society permissible in Sharia?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to participate in this association because it is based on cooperation and mutual support, and the administrative fees are overlooked. Sheikh Ibn Baz issued a permitting employee associations, and the Council of Senior Scholars, by majority, decided that it is permissible due to the common benefit it entails for everyone.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/143445
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- Ftawy
- Original fatwa ID
- 143445
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- . This is when the answer was added to El Fatwa, not the fatwa's date.
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy