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kitty amongst co-workers

Question: 

Work colleagues 
were discussing about a sum of money each month and each month someone will
collect a set amount. 

Eg. 5 persons namely
A, B, C, D & E each put in R100.00 into a kitty for 5 months and each
person will take turns to collect a monthly accumulated amount. Is this
permissible as I told them  

" IT IS NOT
PERMISSIBLE "

Please advise

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