Is the following scheme Shari'ah Compliant?
Question
I was introduced to a scheme similar to a pyramid scheme but with benefits. The catch is that you pay about R3000.00 and only recover it once you have recruited others hence for it to work and for you to earn money you have to get more people to invest.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The information regarding the product in reference is vague. Kindly submit the actual contract of the product for our review and analysis. We would only be able to issue a Shar’ee verdict once the requested information has been submitted.
And Allah Ta’āla Knows Best
Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Concurred by,
Moulana Abdul Azeem Bin Abdur Rahmaan
Student Darul Iftaa
- Answered by
- Ismail Desai
- Checked by
- Moulana Abdul Azeem Bin Abdur Rahmaan
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