New Compensation Plan of ACN

· 29 Jumada II 1436 AH1 min readFatwa 32739English
Finance and Commerce

Question

I know previously someone asked you a question regarding a company called ACN, the Fatwa you issued was on the basis of the old compensation plan which is no longer in use now. The new compensation has changed and I wanted to request you to give a fatwa on the new compensation plan. Please do reply ASAP as there are many religious people involved in ACN and are still saying there is no issues with ACN. Even many Ullama are involved too.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh

Kindly provide the new compensation plan and clarify how the new compensation plan differs from the old compensation plan. Specify which exact clauses differ from the old clauses and how does the change effect the overall nature of the ACN Compensation Plan.

And Allah Ta’āla Knows Best

Ismail Desai,

Darul Iftaa

Checked and Approved,

Mufti Ebrahim Desai.

Answered by
Ismail Desai
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