Islamic glossary terms
Video Fatwas
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Dear sir, Kindly i wanna know if you already know what Qnet the network marketing industry looks like & if its legal or illegal Kindly be informed that Egypt officially joined this company & approved it Thanks
Network marketing is a widespread form of marketing adopted by Qnet. It sells products and services based on a multi level marketing strategy which admits a binary compensation plan where newly recruited independent representatives are structured in the form of a binary tree. -Ruling After consulting economy experts and parties involved in this form of transaction, the fatwa council at Dar Al-Ifta` Al-Missiryah declared that this form of transaction is prohibited in Islamic law [Shari'ah] due to the following reasons: - It negatively affects the economy. - It destabilizes the market policy. - Individuals involved in this transaction lack legal protection and the required financial supervision. - The sold commodity is not sold for its sake. This ruling pertains to the above mentioned form of transaction.