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: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the fund adheres to 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/94383
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 94383
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy