ANSWER:

If the facilitator is not participating in this chit fund and only managing it and taking fees as his service charges then no problem otherwise its not permissible. 

QUESTION: In our local area there is very common financing method called chits, group of people (usually a family) agree to pay a sum of money in installments to facitator, so each month when everyone pays to facilitors, the money received will be given to a random participant. Hence making a loan facility to poor. But the facilitators receive extra installment from everyone for his service. Is halal or har

Halal/Haram Matters | March 22, 2023 4:57 am
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QUESTION: I have a question regarding trading in the futures market. I know that they want a percentage and that is called riba and that is haram. But, recently I have come across a platform that doesn’t charge any fees. The platform is called Gate.io I think it is halal to trade futures in this platform because:
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QUESTION: Is my fast accepted if I have a girlfriend and I talk and travel with her?