The Association in Money

Question
People are accustomed to what is called the association, which is: a group of individuals who pay a specific amount of money periodically to one of them in turn. What is the ruling on this action?
Answer
I say, and with God's help: Such associations are permissible, as they are a form of cooperation for good and righteousness, and they provide great benefit to people. They should be promoted among people; because they help and assist some, and keep them away from resorting to usurious banks. And God knows best.
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