What is the ruling on working on the Recyclix website, after clarifying its mechanism of action, which involves purchasing waste at a fixed price and selling it at a fixed price after recycling it through several stages, with two options for selling at each stage: either losing part of the capital or obtaining a certain percentage of profit, in addition to not guaranteeing the recovery of the capital, and the obligation to purchase shares in equipment whose price cannot be recovered?
We relied on what was stated in the question and the company's website. You mentioned that if you buy waste at 20 cents and recycle it to the intermediate stage (40 cents), you have two options: either sell and get 25% of the capital, which is absurd as it prevents the dealer from selling and indicates a lack of real investment. Or continue recycling to the final stage (60 cents); then either sell at a loss (due to the division of money between you and the partners), or continue and take 8% profit. Your statement "complete the sale and take 8% as profit" is unclear, as selling is the first option and it is a loss. The correct understanding is that you will continue recycling, which means keeping the money with the company to take an 8% profit (added to the previous 6%), meaning you get 14% every five weeks, which is precisely usury (you put in 100 to take 114). Your statement "capital is not guaranteed for retrieval" is a misunderstanding; for non-guarantee occurs in case of loss without negligence, but here it is an injustice from the company by depriving the dealer of 75% of their money if they wish to withdraw, which is a trick to keep them. And if the profit is a percentage of the capital, then the investment is forbidden. As for obliging the company to buy shares in equipment whose price cannot be recovered, this is impermissible; for if the dealer has shares, they cannot be prevented from withdrawing, and the equipment must be valued and the withdrawing party given what corresponds to their shares. What you mentioned indicates that this company is an illusion with no reality, for the matter is paying money to take a percentage of it, which is precisely usury. The obligation is to leave this company, repent to Allah, and beware of usury.
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- Ftawy
- Original fatwa ID
- 17211
- Imported
- Translation status
- Source text, unreviewed
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