Sale of gold, silver and currencies, the conditions of sarf : gold quest multi-layer sale and commissions

Fatawa Question

I've been involved in a company called qold quest. What it does is selling a golden coin to their customers with about $ 400 which is half the price of the coin, then I work as seller for that company and attract or invite other people to buy from that company. The operation is like the binary tree. When I have about two people beneath me two guys, and they do the same process that I did, those two guys are from my left and from my right as a binary tree. when I have about 5 guys on my right and other 5 on my left the company pays the other $ 400 and send me the golden coin. and if my tree expanded and more 10 people get in it the company sends to me $ 400, each time another 10 people buy their product I get $ 400 as a prize of my role as a seller or advertisement for the product and the company.. Is that allowed in Islam or not ? And if it is not allowed what should I do for Allah forgiveness, and if it is allowed how the Zakah would be ? Notes : you can visit the company site which is www.goldquest.com and the details about the process is on http://go.to/smartpapers please answer soon

Fatwa

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Publication Date

2002-01-20

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Banks
• Islamic jurisprudence
• Sales
• Gold
• Silver
• Commissions

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726814

• APA
• MLA
• AMA