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    shahid iqbal's Avatar
    shahid iqbal Posts: 1, Reputation: 1
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    #1

    Jul 9, 2013, 06:45 AM
    Fatwa needed for money doubling 100+100=200 one month
    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 ?
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
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    #2

    Jul 9, 2013, 08:44 AM
    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...
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #3

    Jul 9, 2013, 08:49 AM
    You should ask this under Islam, not Investing. This is a world wide site.
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
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    #4

    Jul 9, 2013, 08:50 AM
    Quote Originally Posted by joypulv View Post
    You should ask this under Islam, not Investing. This is a world wide site.
    I already RIP's the post asking it to be moved there.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Jul 9, 2013, 09:53 AM
    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
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