Trading with Pooled Money and Performing Hajj from the Profit

Question

Question: Some friends intend that eleven people each put in two hundred rupees and carry on a joint trade, and that with whatever profit is obtained, after two years the eleven people go together for Hajj. Is this transaction valid, and is it correct to perform Hajj in this way?

Answer

Trading in this way and with this intention is correct, but the condition of Hajj should not be imposed: each person’s profit should be given to him, and he may do with it whatever he wishes; he should not be compelled to perform Hajj.

Source: Fatawa Mahmudiyya

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