What is the ruling on joining an association that aims to enable its members to obtain financing for acquiring housing in order to avoid usurious banks, where the association operates on a modified "employee associations" principle such that the beneficiary of the financing pays, in addition to his monthly contribution, a monthly rental fee to the association, which is added to the association's funds to finance subsequent beneficiaries?
The aforementioned association appears to be a cooperative, solidarity-based one, and the basic ruling regarding it is permissibility. There is no objection to the disparity in contributions and fees among members, nor to giving priority to some of them due to considerations such as age and number of dependents, as long as the purpose is solidarity-based.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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