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Are Chit Funds Allowed in Islam?

Ustadh Salman Younas is asked whether chit funds, the practice of pooling money and deciding who should receive the funds by lot, is permissible. Question: Assalam alaykum wa rahmat Allah wa barakatuh. I want to know if chit funds are allowed in Islam. I’m referring to a chit fund where a group of people pool […]