FatwaFederal TerritoriesTransactions & Finance
IRSYAD HUKUM SIRI KE - 537 : SEPUTAR ISU BISNES "LIKE & SHARE" : JAUHILAH URUSNIAGA YANG MENJANJIKAN KEUNTUNGAN DENGAN CARA MUDAH
What is the ruling on joining Like & Share businesses such as ISharefans?
Short answer
Joining Like & Share businesses such as ISharefans is haram because they contain gharar (uncertainty) and ghisy (deception and manipulation).
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Joining Like & Share businesses such as ISharefans is haram because they contain gharar (uncertainty) and ghisy (deception and manipulation). The fatwa notes that the contract appears to meet the pillars of ju'alah (wage for a task), yet defects undermine the transaction, such as the company withholding staff details so that no one can be held accountable. Muslims are advised to practise tabayyun (verification) and ihtiyat (caution) before joining schemes promising easy profits, including checking a company's status with authorities such as Bank Negara Malaysia, the Securities Commission and the Companies Commission of Malaysia.
Written in our own words from the original fatwa — check the source before acting on it.
Bisnes Like & Share seperti ISharefans mempunyai elemen-elemen yang tidak patuh syariah iaitu Gharar (ketidakpastian) dan Ghisy (penipuan dan manipulasi). Oleh yang demikian hukumnya adalah haram
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “IRSYAD HUKUM SIRI KE - 537 : SEPUTAR ISU BISNES "LIKE & SHARE" : JAUHILAH URUSNIAGA YANG MENJANJIKAN KEUNTUNGAN DENGAN CARA MUDAH”, 15 December 2020. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/4637-seputar-isu-bisnes-like-share-jauhilah-urusniaga-yang-menjanjikan-keuntungan-dengan-cara-mudah. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-joining-like-and-share-business-isharefans/