2 Rabi' al-Awwal 1439
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Is dealing with Qnet legal from the Islamic perspective?

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

Answer : English Mufti


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.

 
File
Reclaiming a financial right
Exchanging old gold for new gold
Contracting without defining the fees
Circumventing trade laws
Borrowing gold
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