Connect with us

Hi, what are you looking for?

The Cognate
0

Business

Islamic Finance Expert Saif Ahmed on Ponzi Schemes and Halal Investments – The Cognate Interview

Do names like Ambidant, Aala, Morgenall, Heera Gold, Burraqh and other similar companies ring a bell? These are Ponzi schemes in which thousands of people, especially investors from the Muslim community have lost thousands of crores in the past year alone.

In this interview with The Cognate, Saif Ahmed, a Bangalore-based Islamic finance expert and Founder of Zamzam Capital LLP, explains how Ponzi schemes operate in general, how they lure investors, the Shari’ah compliance criteria for investment schemes, and more.

Have you subscribed to our channel yet? ➡️ https://www.youtube.com/thecognate?sub_confirmation=1

Shaik Zakeer Hussain is the Founder and Editor of The Cognate.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

In a controversial move that has ignited widespread debate and criticism, Uttarakhand Chief Minister Pushkar Singh Dhami successfully pushed through the Uniform Civil Code...

News

In recognition of his relentless efforts to debunk false narratives and promote communal harmony, Alt News journalist Zubair has been honoured with a Communal...

News

In a significant ruling, the Supreme Court has declared that no minority institution, whether fully funded or partially funded by the government, can provide...

News

In a significant development, the Supreme Court has provided interim protection to Mahmood Madani, president of the Mahmood faction of the Jamiat Ulama-e-Hind, and...

Advertisement