Warning flag of your Modaraba con-a good ponzi strategy for the Pakistan: using sufferer accounts for most readily useful cures – Sports Physio Hub

Warning flag of your Modaraba con-a good ponzi strategy for the Pakistan: using sufferer accounts for most readily useful cures

I usually realized you to definitely Brian was good at games
May 6, 2022
17 Famous Nepali Dishes Recipes That Everybody Want To Try
May 6, 2022

Warning flag of your Modaraba con-a good ponzi strategy for the Pakistan: using sufferer accounts for most readily useful cures

Warning flag of your Modaraba con-a good ponzi strategy for the Pakistan: using sufferer accounts for most readily useful cures

This research lined up to spot red flags of one’s Modaraba con and offers some pointers toward reduction regarding Ponzi schemes. Good thematic research of the studies, compiled due to partial-organized interview with to try to get decide to try participants, enabled the newest scientists to summarize to your compound of one’s ripoff. Efficiency indicated that critical red flags of one’s fraud is higher earnings, emptiness money arrangements, multifaceted, advanced and you can unregistered businesses, great and participative rate of agents’ commission, and deferred occasional winnings. Conclusions after that recommend that buyers and you may state-focus on regulating government might help throughout the avoidance off Ponzi techniques with the owed exercise of the spots.


Modaraba is an enthusiastic Islamic union within movie director/Modarib and you will proprietor off finance/Rabul-Mal; where owner of a fund invests currency plus the director capitalizes his knowledge to own powering a good permissible company (Hassan and you may Lewis 2007; Usmani 2002). Modarib and you can Rabul-Mal distribute cash in on business while the agreed upon ration, although losses is usually to be modified against the states out-of Rabul-Mal (Usmani 2002).

Including, Dream Indicates Around the globe (Pvt) Minimal, Fantasy in life Around the world (Pvt) Limited, Modaraba Businesses, Earn It Edu (Pvt.) Limited, M/s 3A Alliance (private) limited, Troverz Revenue (Pvt) Restricted, M/s Geneva Automobile Rental Providers, Domains Because of the Multi-level marketing (Pvt.) Limited, M/s Askari Group Financial support, XIANLE Wellness Things (Pak) Co. Restricted, M/s. DXN In the world Pakistan (Private) Minimal, Aapna (Pvt) Limited, M/s Meters.Letter.M Bicycle (Private) Restricted, Trust All over the world (Pvt) Limited, M/s UNAICO Pakistan (Pvt.) Restricted, CNI-Chelate Internet Worldwide Silver (Pvt) Restricted, M/s In the world Landmark (Pvt.) Limited, Alpha Profit Services, Gold-mine Internationally (GMI), Nearest and dearest Sales Properties, Daoud Resource Lender Restricted, Sahara Scratch Credit, Language Lottery, Fantasy Wizard International, Xianle and Seeks.

“O you that sensed, after you deal a debt having a designated label, create they off. And you can let an excellent scribe create [it] between your inside the justice. Help zero scribe will not create just like the Allah has educated your. So assist him build and you may allow individual that has got the obligation dictate. And assist him worry Allah, their Lord, and never get-off something out of it. But if the person who gets the responsibility are out of restricted facts otherwise weak or unable to dictate himself, after that help their protector dictate from inside the justice. And you can bring to experience a couple witnesses from among your own guys. And in case discover not one or two boys [available], then men as well as 2 girls regarding people who you take on because the witnesses-so as that if one of lady errs, then the most other can be remind her. And help maybe not the new witnesses refute while they are contacted. And do not become [too] weary to type it, whether it’s large or small, because of its [specified] term. That’s more merely regarding the sight away from Allah and stronger as the evidence and much more gonna avoid doubt anywhere between your, but in case it is a direct deal which you carry out certainly yourselves. Getting [then] there’s no blame abreast of your unless you establish they. Or take witnesses when you stop a contract. Let no scribe end up being hurt otherwise any experience. To have in the event you therefore, in reality, it’s [grave] disobedience in you. And concern Allah. And you may Allah teaches you. And Allah is Awareness of everything.” (The fresh Qur’an, 2:282).


Albrecht, C., Morales, V., Baldwin, J. K., Scott, S. D. (2017). Ezubao: a beneficial Chinese Ponzi plan that have a-twist. Log out of Economic Offense.

Biernacki, P., and you may D. Waldorf. 1981. Snowball sampling: Issues and techniques off strings referral testing. Sociological Steps Lookup ten(2): 141–163.

Burke, L. F. (2009). Ponzi schemes: Well-known systems, red flags and you can selection times. Report demonstrated in the 53 Connection Internationale des Supporters Congress for the Seville The country of spain.

Switch, M., C. Lewis, and you will J. Tapley. 2014a. Perhaps not a good victimless crime: The newest impression from swindle toward individual sufferers and their family members. Security Journal twenty-seven(1): 36–54.

Button, Meters., C.Yards. Nicholls, J. Kerr, and you can R. Owen. 2014b. On line cons: Learning regarding subjects as to why it be seduced by these types of cons. Australian New Zealand Journal away from Criminology 47(3): 391–408.

Davia, H. R., Coggins, P. C., Wideman, J. C. (2000). Accountant’s help guide to ripoff recognition and control: John Wiley Sons.

Dhar, S. K. (2013). An analysis of one’s economic strategies in order to defraud members of the new garb away from voice money. Offered at SSRN 2279814.

Drew, J.Meters., and you can M.Elizabeth. Drew. 2010a. Identity away from ponzi schemes: Normally a graphic share with 1000 cons. The new. Griffith l. Rev. 19: 51.

Fairfax, L. Meters. (2001). Having relatives such as these. With the a far more efficacious a reaction to affinity-built ties and you will money swindle. Ga. L. Rev., thirty six, 63.

Furman, D.J., and J.S. DeJoy. 2009. Both before and after bernie: Ponzi control or use up all your thereof? Around the globe Overview of Providers Search Paperwork 5(6): 63–71.

Glaser, B., and you will Good. Strauss. 1967. The newest knowledge away from rooted concept: Suggestions for qualitative lookup. Nyc: Aladine de- Gruyter.

Hennink, Yards.Yards., B.Letter. Kaiser, and you can V.C. . Code saturation as opposed to definition saturation: Just how many interview are sufficient? Qualitative Wellness Search twenty-seven(4): 591–608.

Ionescu, L. (2010). Madoff’s fraudulent monetary plan, his years-a lot of time scam, and inability from functional risk administration. Business economics, Administration, and you can Economic Locations(3), 239–244.

Joffe, H. 2012. Thematic data. Qualitative Browse Steps in the Mental health and you can Psychotherapy: Helpful tips for students and Therapists step one: 210–223.

Kieffer, C., Mottola, Grams. (2017). Knowledge and you can fighting funding fraud. Monetary Decision making and you can Old-age Security during the an aging Industry, 185.

Krige, D. 2012. Areas away from ambitions, fields off plans: Ponzi financing and you will multi-height deals inside the Southern Africa. Africa 82(1): 69–92.

Nolasco, C.A great.Roentgen. https://fasterloansllc.com/payday-loans-ny/, Yards.S. V. Revisiting the option brand of Ponzi and pyramid techniques: Analysis out of instance rules. Crime, Legislation and Social Changes sixty(4): 375–400.

Perri, F.S., and you may Roentgen.Grams. Brody. 2012. This new optics from swindle: Affiliations one to increase offender dependability. Record out of Monetary Crime 19(3): 305–320.

Poznic, J.S.S.G., and you will A. Buehne. 2010. Probably the most impactful scam of one’s twentieth century: Mckesson Robbins. Record from Finance Bookkeeping and you may Management step one(1): 1–eleven.

Pozza, C.L., Jr., T.Roentgen. Cox, and you will R.J. Morad. 2009. Post on Present Individual Products from the Madoff, Standford and you may Forte Ponzi Program Cases. An excellent. J. Bus. Sec. L. 10: 113.

Saunders, Meters. N., Saunders, Yards., Lewis, P., Thornhill, A good. (2011). Research methods for organization children (fifth ed.): Pearson Training India.

Shechtman, D., M. Wilensky, and you may L. Fusfeld. 2009. Anyone made Away from using my currency, so what now? Income tax circumstances affecting Ponzi program victims. Record off Income tax from Assets 26(4): 5–37.

Strauss, A., and J. Corbin. 1990. Maxims regarding qualitative search: Grounded idea strategies and methods. London: Sage Newbury Park, Ca.

Irfan Ullah, Waqar Ahmad, Ali, A beneficial. (2018). Understanding the functioning Process of Modaraba scam: Victims’ position to the an excellent Ponzi scheme. Team Feedback.