Q.The questioner is asking about individuals coming together and agreeing on an amount that they pay monthly and each month one of the individuals receive that amount. In some places it is called asusu and in other places it is called something else.
A.The shaykh said yes, if these individuals agree and they pay the same amount monthly and each month they gather all of the money and it goes to one of those individuals, whether it is 100, 200, or a 1000 and all of them are pleased with this and content with this and no one is getting any type of profit or extra then he paid in total then there is no problem in them doing so. The shaykh said ((haafidhahullaahu ta’alaa) in fact this has cured many of the problems that people have with money. Because at times you have individuals who want to take a loan but they do not have anyone to borrow from. So if individuals come together and they agree on a certain amount and all of them give the same amount monthly and each month it goes to one of the individuals until the end of the specified time, then there is no problem in doing such an action.
Shaykh Saalih Muhammad al-Luhaydaan (May Allaah preserve him) (Kitaab-ut-Tawheed Class, Q&A Session 06-10-2012, Riyadh)