Internet marketing and pyramid commission : sale of gold and silver on the internet by gold quest int
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh (Peace be upon you, and the mercy of Allah and his blessings). You are kindly requested to answer the following questions received from one of my brothers in Islam : 1. How should be the payment of any gold and Silver product ? There is a company (gold quest int.) selling pure gold products (99.99 %) and offers the following payment plans : a. Full payment plan-product will be shipped within two weeks b. Partial payment plan- initial payment is 52 %, balance 48 % later without any interest, and then product will be shipped after receiving full cost. (Example : total cost of a golden coin is $ 830. Initial payment (52 %) is $ 430 and the balance is $ 400). 2. Is it Halal to receive a commissioning fee ? There is a company selling pure gold product (99.99 %) that offer the following commissioning fee program : a. Every customer who brings ten (10) new customers after buying gold product will receive $ 400. b. Every time one of the ten (10) new customers brings another ten (10) new customers after buying gold product, $ 800 commissioning will be given to him and who introduced him to the company (each will receive $ 400). Refer to the example below for question 2 above : a. Ali buys a Gold product. He becomes a customer. B. Ali brings ten (10) new customers (Saeed, Saad, Sami, Hadi, Fahad, Nasser, Hani, Taheer, Shaker and Ahmed) who buy gold product and become new customers. Ali will receive $ 400 as commission. C. If Fahad (who is one of the ten (10) new customers that Ali brought) brings another ten (10) new customers by buying gold product. Each of Fahad and Ali will receive $ 400. 3. Are Muslims allowed to purchase and promote selling gold coins with figures
Fatwa
Click hereto view more
Publication Date
2001-09-04
Main Subjects
Marketing
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726790
American Psychological Association (APA)
Qahf, Mundhir. 2001-09-04. Internet marketing and pyramid commission : sale of gold and silver on the internet by gold quest int. .
https://search.emarefa.net/detail/BIM-726790
Modern Language Association (MLA)
Qahf, Mundhir. Internet marketing and pyramid commission : sale of gold and silver on the internet by gold quest int. 2001-09-04.
https://search.emarefa.net/detail/BIM-726790
American Medical Association (AMA)
Qahf, Mundhir. 2001-09-04. Internet marketing and pyramid commission : sale of gold and silver on the internet by gold quest int.
https://search.emarefa.net/detail/BIM-726790
