Bengaluru-based financial Company, I Monetary Advisory (IMA) has put down shutters on its offices and its CEO and Managing Director Mohammed Mansoor Khan has gone absconding, leaving thousands of customers in the lurch.
What was the business model behind IMA? Was is Halal? Was it a Ponzi scheme? Will the investors get back their money?
In this interview with The Cognate, Saif Ahmed, a Bangalore-based Islamic finance expert explains it all.
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