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Is Mmm Halal? - Religion - Nairaland

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Is Mmm Halal? by Brightgem(f): 6:52pm On Oct 07, 2016
To anyone who can answer this question from a sound point of view logically and with good evidence. l am asking if the whole MMM scheme can be considered halal. MMM involves some interest climbing any money u offer as help to someone in 30 days, I am not so much bothered with all the drama of it being a scam or will crash soon or not.

That is not the concern here but rather if it is religiously permisible since we all know the ruling on interest, some have said it is an agreement so ur is permisible, some also say it involves some risk hence its like normal business which could lead to loss or profit.

So who knows the best ruling that applies to this matter? No silly comments please.
Re: Is Mmm Halal? by InformedLola(f): 6:55pm On Oct 07, 2016
It's not halal. And you know it too.
Re: Is Mmm Halal? by kishimi8(m): 6:56pm On Oct 07, 2016
Google ribA, mmm is just riba. Nothing more, it's just eating interest,

You borrow a guy money and he pays you with interest , I know that's not Islamic, I don't even need scripture to back it up., natural law will tell you it's haram

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