The conceptual objective of MLM is: "to create job opportunities for the retrenchment or jobless communities, fresh grandaunts, single parents, low or under incomers & other potentials on socio-eco- humanitarian grounds, besides having an auto-opportunity of building friendly networks, brotherly cooperation & cultural solidarity among the human environment. This ultimately contributes to ease the socio-eco &cultural crisis faced by the families, communities or even by the nation".
The true objective of MLM may be achieved through: "a binary concept with fullest transparencies of every aspect of the transaction and of course its underlying subject matter shall be physically exist in its right legal capacity as to be transferred on a contract of sale".
In contrast, an MLM by selling of membership (by competition but not compliment) on a subject matter by imagination in paper only, may diminish the holistic objective of MLM, which may lead to misappropriation, destruction, threatening to peace & harmony besides giving unacceptable opportunities to some to gain at the expense of others.
Hence, an MLM with holistic approach of mutual cooperation, solidarity & brotherhood for the noble cause of socio-eco-cultural prosperity among mankind, is strongly encouraged by the Divine principles of al-Qur'an: ".......cooperate each other in righteousness & piety, but do not cooperate each other in sin & rancour....." (al-Maidah:02).
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world economic reform?:
cooperative micro-finance:
NO to 'micro-credit' but YES to 'cooperative micro-finance'
socio-economic justice for all
No gain at the Cost of others, but a "Just" Distribution with Humanity Concern
socio-economic justice for all
No gain at the Cost of others, but a "Just" Distribution with Humanity Concern
world islamic investment cooperation:
legitimate gain with risk sharing spirit
islamic insurance (takaful):
caring and sharing
legitimate gain with risk sharing spirit
islamic insurance (takaful):
caring and sharing
websites:
applied islamic finance
applied takaful
facebook:
drma'sumbillah
linkedin:
mohd. ma'sum billah
WIF group:
world intellectual forum (WIF)
WIBTF group:
world islamic barter traders' forum (WIBTF)
WIIC group:
world islamic investors' club (WIIC)
private e-mail:
profdrmasumbillah@yahoo.com
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