A daret is a Moroccan rotating savings circle — called tontine in French, جمعية in Arabic and ROSCA in English. Between 3 and 12 people who trust each other pay a fixed amount every month, and each month one member takes the entire pot, until everyone has had their turn. There is no interest, no lender and no bank.
A daret (also called tontine, جمعية, or a "savings circle") is a rotating savings and credit association (ROSCA). A group of trusted people contribute a fixed amount every month, and each month one member receives the entire pot. Everyone contributes the same total over the full cycle; the only difference is when you receive your turn.
Updated 2026-09-07
Six people put in 1,000 MAD each month. The monthly pot is 6,000 MAD. In month 1, member A receives 6,000 MAD; in month 2, member B; and so on. After six months, everyone has paid 6,000 MAD in total and received 6,000 MAD once.
They are the same thing under different names. In Morocco people say daret or جمعية; in French it is a tontine; in English it is a ROSCA or savings circle.
Usually between 3 and 12 people who already know and trust each other. The larger the circle, the bigger the pot — but also the longer you wait for your turn.
Yes. Daret (Morocco), tontine (French), جمعية (Arabic) and ROSCA (English) all describe the same rotating savings circle.
No. Nobody lends and nobody charges interest. You get back exactly what you put in — the benefit is receiving it as a lump sum, earlier than you could have saved it alone.
The remaining members are short for that month, which is why a daret only works between people who trust each other. Darret reduces that risk by verifying every member with their CIN and recording every payment so nothing is disputed.
The group agrees on it when the circle is created — by need, by draw, or simply by joining order. Fixing the order up front is the single best way to avoid arguments later.