Assalam-o-Alaikum
Sir in our city one person has announced that we give him a 100 rupees he will give us 200 hundred after one month many peoples give him amount and he returns double amount . What Islam says about this.is this is a sood or juwa or not ?

This sounds like a scam or something illegal... because no legitimate or legal investment will double your money in a month. You are more likely to end up with ZERO at the end of the month...

You should ask this under Islam, not Investing. This is a world wide site.

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Originally Posted by joypulv

You should ask this under Islam, not Investing. This is a world wide site.

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I already RIP's the post asking it to be moved there.

I will talk about something, what he is doing is not possible, it is a scheme, at some point, when enough people do this, he will disappear and no one gets money back.

There is no way to double money in one month, he is doing this by getting more and more people to give money.

This is a very old con scheme, and everone will soon lose money