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MuslimMoney Meal

A $20 Million Muslim-Run Scam

Published 4 months agoΒ β€’Β 1 min read

Salam Reader,

Here's what we're serving in this week's MuslimMoney Meal:

  • πŸ₯— Starter: why winning in investing requires regularly losing
  • πŸ” Main Course: how a $20 Million scam was clearly a Ponzi scheme (but hundreds of Muslims still fell for it)
  • 🍰 Dessert: Firuzabadi on the paradox of the dunya

Starter πŸ₯—

Main Course πŸ”

Aaqib Ahmed promised effortless wealth with his β€˜Done-for-You’ Muslim Pioneer program. It drew hundreds of would-be Muslim 'investors' and millions of dollars.

Aaqib has now admitted that it was a Ponzi scheme.

But it was clear that it was a scam well before that.

Dessert 🍰

"The dunya is like a shadow.
​
If you chase it, you'll never catch it.
​
If you turn your back to it, it'll always follow you."

 

Firuzabadi (d. 1414 CE / 817 AH)

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MuslimMoney Meal

Farooq Maseehuddin

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