Red flags of the Modaraba swindle-an excellent ponzi system when you look at the Pakistan: having fun with sufferer makes up about finest prevention

Red flags of the Modaraba swindle-an excellent ponzi system when you look at the Pakistan: having fun with sufferer makes up about finest prevention

This study aimed to recognize red flags of your Modaraba scam and offers some suggestions on protection out-of Ponzi strategies. A beneficial thematic study of your own investigation, obtained courtesy semi-organized interview with you are shot respondents, permitted the scientists to close out to the material of your con. Show showed that important warning flag of your own swindle was too much earnings, void funding arrangements, multifaceted, advanced and unregistered operations, great and you may participative rate regarding agents’ commission, and you will deferred periodic earnings. Results after that recommend that buyers and you can state-run regulating authorities can help regarding prevention out of Ponzi strategies towards due do it of their roles.

Cards

Modaraba try an Islamic partnership within manager/Modarib and proprietor from loans/Rabul-Mal; where in fact the owner away from a financing spends money and also the manager capitalizes his degree for running a permissible company (Hassan and you will Lewis 2007; Usmani 2002). Modarib and you may Rabul-Mal distributed make the most of organization because the decided ration, nevertheless loss is usually to be adjusted against the claims from Rabul-Mal (Usmani 2002).

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