Message No : 1Sr.No : 72/724
Question By : Abdul Alim Qasmi

ASSALAMU ALAIKUM

Muhtaram Mufti Saheb
Hope everything is fine.

I want to know if we can do business with skybiz, one company organize business? For your kind information i am giving yout he link of skybiz.com please see the web site and inform me if we can get benefit from any scheme provided by the company.
Wassalam
Abdul Alim
Jamia Millia Islamia
New Delhi

 

Reply By : Md. Obaidullah Qasmi
Designation : Mufti: ODI, MMERC, Mumbai 

Respected Brother-in-Islam
Assalaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu

Having gone through the documents available on http://www.skybiz.com/ we are of the opinion that it is not permissible to enlist in such a scheme.
The said scheme does not conform to any one of the valid Islamic forms of transaction.

It is clearly not Bay¡¯(sale) since no physical commodity is involved.
It cannot be regarded as Ijaarah (hiring/employment) since the Aml (work) is not clearly defined. Furthermore, one has to buy into the scheme in order to participate. This is contrary to the dictates of Ijaarah.
There is also an aspect of chance, for one many recruit many members to the scheme, but may not be eligible for remuneration since these members may be wrongly placed in the pyramid.
It is thus our opinion that it will not be permissible to subscribe to such a scheme.
and Allah Ta'ala Knows Best

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