₦airaland Forum

Lately, news of CBEX crashing and the heartbreak it left behind has shaken many Nigerians: our brothers and sisters who invested their hard-earned money with the hope of financial upliftment, only to watch it vanish. May Allah ease your pain and replace your loss with something better. Ameen.

But this is also a wake-up call. Islam teaches us to be cautious, responsible, and honest in our dealings. Sadly, many of these schemes, including CBEX and similar “investment platforms,” fall under what is clearly impermissible in Islam.

Why Ponzi Schemes Are Haram in Islam
A Ponzi scheme is a fraudulent investment system where early investors are paid profits from new investors’ money, not from real business activity. It thrives on deception, gambling, and unsustainable promises.

Islamic principles strongly condemn such dealings because they violate the core values of fairness, transparency, and mutual benefit. Allah warns us clearly in the Qur’an:

“O you who believe! Intoxicants, gambling, sacrificing to stone alters, and divining arrows are abominations of Satan’s handiwork. So avoid them that you may be successful.”
(Surah Al-Ma'idah 5:90)

In fact, when someone invests in these schemes with the hope that others will join and their money will multiply, it becomes a form of gharar (excessive uncertainty) and maysir (gambling)—both of which are clearly prohibited.

If a person puts in ₦10,000 in hopes of getting ₦30,000, without knowing how the money is truly being used, it becomes a gamble, not a business. They may profit or they may lose everything. This risk isn't calculated, productive investment it's just rolling the dice with one’s sustenance.

WHAT MUSLIM SHOULD DO INSTEAD?

Let this be a reminder for us all:

Avoid the "quick money syndrome"—it often leads to regret.

Invest only in halal, ethical business opportunities where your risk, effort, and returns are clear and justifiable.

Trust in slow, consistent effort, and remember that true barakah comes from Allah, not from hype.

To those who have lost their money in CBEX or similar platforms, know this:
Allah sees your pain and your loss is a test, not a punishment. Reflect, repent if needed, and move forward. May Allah replace your loss with something more lasting and pure.

Let us all learn and encourage one another to seek halal means of sustenance.

May Allah protect us from the traps of Shaytaan, and grant us contentment, barakah, and halal wealth. Ameen.

Abu Hafs Lukgaf

Ogun wan kpai person ni

First and foremost, am a Christian.

Muslim cashout from it as well other religions. One Muslim guy who dey Mecca or Saudi dey even pray make this cbex no crash. Maybe na the money from cbex baba use flex go Mecca.

Even people wey dey abroad enter am, people who join Early cashout big time. It lasted up to 2years as I hear people from ijebu ode or ogun state do am early

May God help us

With how the scheme was orchestrated, no one could have thought it was a Ponzi. Everyone thought it was actually AI generating signals for people to trade. Many religious leaders from the two popular religion also help propagate that Cbex. Many people join the platform when the found out their leader( imam and pastor ) have also invested in it.

Usmanovic95:
With how the scheme was orchestrated, no one could have thought it was a Ponzi. Everyone thought it was actually AI generating signals for people to trade. Many religious leaders from the two popular religion also help propagate that Cbex. Many people join the platform when the found out their leader( imam and pastor ) have also invested in it.

They won’t have thought so due to greed

aktolly54:
First and foremost, am a Christian.

Muslim cashout from it as well other religions. One Muslim guy who dey Mecca or Saudi dey even pray make this cbex no crash. Maybe na the money from cbex baba use flex go Mecca.

Even people wey dey abroad enter am, people who join Early cashout big time. It lasted up to 2years as I hear people from ijebu ode or ogun state do am early

May God help us

I dey America. Na so my cousin in Nigeria contacted me to introduce me to so called investment. I knew immediately it’s a ponzi scheme and that was four weeks ago. As if I knew it would crash four weeks later.


I insisted to my cousin that I’m not interested. My cousin went further to tell me that even people in America invested and they’re in their WhatsApp group. I told myself if you’re in America and you’re so stupid to invest in ponzi in Nigeria when such schemes are outright banned in America , then I thought to myself that they deserve to lose their money if they did.

Lol human being and greed or should I say " our insatiable wants" first it was MMM now it is CBEX am sure some came b4 CBEX n it crashed also we no fit hear word olohun. Make God give us halal money ni

I always hear about ponzi schemes that are about to crash. Pls whoever knows any ponzi scheme created yesterday or today, let me know abeg.

Chonchin:
I dey America. Na so my cousin in Nigeria contacted me to introduce me to so called investment. I knew immediately it’s a ponzi scheme and that was four weeks ago. As if I knew it would crash four weeks later.


I insisted to my cousin that I’m not interested. My cousin went further to tell me that even people in America invested and they’re in their WhatsApp group. I told myself if you’re in America and you’re so stupid to invest in ponzi in Nigeria when such schemes are outright banned in America , then I thought to myself that they deserve to lose their money if they did.

lol

Lukgaf:
Lately, news of CBEX crashing and the heartbreak it left behind has shaken many Nigerians: our brothers and sisters who invested their hard-earned money with the hope of financial upliftment, only to watch it vanish. May Allah ease your pain and replace your loss with something better. Ameen.

But this is also a wake-up call. Islam teaches us to be cautious, responsible, and honest in our dealings. Sadly, many of these schemes, including CBEX and similar “investment platforms,” fall under what is clearly impermissible in Islam.

Why Ponzi Schemes Are Haram in Islam
A Ponzi scheme is a fraudulent investment system where early investors are paid profits from new investors’ money, not from real business activity. It thrives on deception, gambling, and unsustainable promises.

Islamic principles strongly condemn such dealings because they violate the core values of fairness, transparency, and mutual benefit. Allah warns us clearly in the Qur’an:

“O you who believe! Intoxicants, gambling, sacrificing to stone alters, and divining arrows are abominations of Satan’s handiwork. So avoid them that you may be successful.”
(Surah Al-Ma'idah 5:90)

In fact, when someone invests in these schemes with the hope that others will join and their money will multiply, it becomes a form of gharar (excessive uncertainty) and maysir (gambling)—both of which are clearly prohibited.

If a person puts in ₦10,000 in hopes of getting ₦30,000, without knowing how the money is truly being used, it becomes a gamble, not a business. They may profit or they may lose everything. This risk isn't calculated, productive investment it's just rolling the dice with one’s sustenance.

WHAT MUSLIM SHOULD DO INSTEAD?

Let this be a reminder for us all:

Avoid the "quick money syndrome"—it often leads to regret.

Invest only in halal, ethical business opportunities where your risk, effort, and returns are clear and justifiable.

Trust in slow, consistent effort, and remember that true barakah comes from Allah, not from hype.

To those who have lost their money in CBEX or similar platforms, know this:
Allah sees your pain and your loss is a test, not a punishment. Reflect, repent if needed, and move forward. May Allah replace your loss with something more lasting and pure.

Let us all learn and encourage one another to seek halal means of sustenance.

May Allah protect us from the traps of Shaytaan, and grant us contentment, barakah, and halal wealth. Ameen.

Abu Hafs Lukgaf

wetin don happen don happen. make God console everyone wey loss funds

papiilo:
assist me with 200k

Ask Tinubu

Stupidity is when you take a loan and invest in ponzi scheme

aestake:
Ask Tinubu

I don't like tinubu's money is not clean and I hate him may God punish him

papiilo:
I don't like tinubu's money is not clean and I hate him may God punish him

Money is money o

aestake:
Money is money o

aktolly54:
First and foremost, am a Christian.

Muslim cashout from it as well other religions. One Muslim guy who dey Mecca or Saudi dey even pray make this cbex no crash. Maybe na the money from cbex baba use flex go Mecca.

Even people wey dey abroad enter am, people who join Early cashout big time. It lasted up to 2years as I hear people from ijebu ode or ogun state do am early

May God help us

Your level of understanding is very low.

The write up was to discourage and dissuade Muslims from partaking or getting involved in ponzi schemes under any guise


That you know a Muslim doing it does not mean Islam allows it

Chonchin:
I dey America. Na so my cousin in Nigeria contacted me to introduce me to so called investment. I knew immediately it’s a ponzi scheme and that was four weeks ago. As if I knew it would crash four weeks later.


I insisted to my cousin that I’m not interested. My cousin went further to tell me that even people in America invested and they’re in their WhatsApp group. I told myself if you’re in America and you’re so stupid to invest in ponzi in Nigeria when such schemes are outright banned in America , then I thought to myself that they deserve to lose their money if they did.

you smart, God save you. But people who do it early like a year ago cashout big time. It's been a while the stuff out there before it crash

numericalguy:
Your level of understanding is very low.

The write up was to discourage and dissuade Muslims from partaking or getting involved in ponzi schemes under any guise


That you know a Muslim doing it does not mean Islam allows it

but your Islam permit old man marry to marry 8yrs old girl? Like your warrior prophet did when he marry Aisha at 8yrs old. If islam permit it, is it even right? As a Christian, I don't agree with everything in the Bible, because it is written in the Bible don't mean I should do it. Gideon a prophet of God marry many wives in the old testament and God use him to achieve his purpose don't mean I should follow such a steps. You Muslim should start preaching against nonsense in the Quran and use your sense

mmmmm

I don't need to swear ké?

Alahuakubaru.

I just wanted to check something based on new Executive order of NL President



Ok, I didn't have to swear.
Ok, Bye 👋

I came here to test run the new ruling by Seun. Those CBEX promoters should be jailed for life.