What is the ruling on preparing the accounts of a savings fund that deducts 5% of an employee's salary monthly, with the company paying 10% of the employee's balance, and offering an optional advance with a 5% interest deducted in advance, along with the possibility of obtaining an interest-free advance, and distributing the collected interest among the participants, excluding those who refuse, knowing that the person in charge of the accounts is entitled to an annual bonus?
It is not permissible to work for this fund due to its involvement in lending with prohibited usury.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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