Warning flag of your own Modaraba ripoff-an excellent ponzi plan in Pakistan: using victim is the reason top reduction

Warning flag of your own Modaraba ripoff-an excellent ponzi plan in Pakistan: using victim is the reason top reduction

This study aimed to understand warning flags of one’s Modaraba swindle while offering ideas to the protection off Ponzi techniques. A thematic study of one’s investigation, amassed because of semi-structured interview with to try to get try respondents, enabled the newest boffins to close out on the material of the con. Overall performance revealed that crucial warning flags of the con are too much winnings, gap money arrangements, multifaceted, state-of-the-art and unregistered operations, rapid and you will participative speed out-of agents’ fee, and you can deferred unexpected earnings. Findings after that suggest that buyers and you may condition-focus on regulating government may help on prevention of Ponzi techniques toward owed exercise of its spots.


Modaraba are an enthusiastic Islamic relationship within director/Modarib and you will holder of fund/Rabul-Mal; the spot where the owner regarding a money invests money therefore the director capitalizes his education having running a good permissible business (Hassan and Lewis 2007; Usmani 2002). Modarib and you may Rabul-Mal distributed profit from providers due to the fact arranged ration, however the losses is usually to be adjusted against the states off Rabul-Mal (Usmani 2002).

Particularly, Dream Indicates Around the globe (Pvt) Minimal, Dream in daily life Worldwide (Pvt) Minimal, Modaraba Companies, Earn They Edu (Pvt.) Limited, M/s 3A Alliance (private) limited, Troverz Income (Pvt) Limited, M/s Geneva Vehicle Local rental Team, Domains By the Mlm (Pvt.) Limited, M/s Askari Classification Capital, XIANLE Fitness Products (Pak) Co. Limited, M/s. DXN Around the globe Pakistan (Private) Minimal, Aapna (Pvt) Restricted, M/s Meters.N.Yards Bicycle (Private) Restricted, Believe Around the globe (Pvt) Minimal, M/s UNAICO Pakistan (Pvt.) Restricted, CNI-Chelate Web Around the globe Silver (Pvt) Restricted, M/s Around the world Landmark (Pvt.) Limited, Alpha Revenue Provider, Gold-mine Global (GMI), Relatives Business Functions, Daoud Capital Lender Limited, Sahara Abrasion Card, Foreign language Lotto, Fantasy Genius Around the globe, Xianle and you can Tries.

“O your who have believed, once you offer a financial obligation to have a designated identity, make it down. And you will assist an excellent scribe make [it] between your into the fairness. Let zero scribe won’t create while the Allah has educated your. Very help your write and you will allow the individual who gets the obligations influence. And you may assist him concern Allah, his Lord, and never get off one thing out of it. if the individual that provides the obligation is actually out of limited knowledge otherwise weakened otherwise struggling to determine themselves, up coming assist their guardian determine inside fairness. And you can bring to witness several witnesses away from one of the guys. If in case discover maybe not one or two people [available], after that one as well as 2 girls off people who you undertake due to the fact witnesses-to make sure that if one of women errs, then almost every other can encourage her. And you may help perhaps not this new witnesses reject when they’re contacted. Plus don’t feel [too] tired to enter it, should it be small or large, for its [specified] identity. That’s a great deal more only on the sight regarding Allah and you can more powerful since proof and much more probably end doubt ranging from your, but in case it is an immediate purchase you conduct certainly one of yourselves. To possess [then] there is absolutely no fault through to your unless you generate they. And KY payday loans take witnesses once you stop an agreement. Help zero scribe feel hurt otherwise one experience. For should you so, indeed, it’s [grave] disobedience inside you. And you will worry Allah. And you may Allah explains. And you can Allah try Awareness of things.” (The brand new Qur’an, 2:282).


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