The
Islamic System of Finance: Is the Committee is allowed in Islam? What is the status
of Committee in Islam? Many Muslims in big cities and in villages of Pakistan
and other Muslim world using committee that is they are gathering a settle
amount on daily basis from register people and after one month on draw they
paid the whole amount to person win. Once he win will never include again in draw
and he will paid until the whole register member get money. So similarly all
the register person get money in huge amount. You may say that it is simply a treasures
that save the daily amount for that person.
