The MMM Transaction
Question: To be straight to the point, I’d like to ask, is the MMM business system is considered usury?. You may not know yet what is MMM. MMM or Mavrodj Mondial Moneybox is a community founded by Mr. Sergey Mavrodi to prosper the member/participant of that community by helping each other among members, with a reward of 30% per month, or more. Thus, in this business system, there are circulating money among members by transferring to one another.
In this system, there is what so-called PH, a short for Provide Help. After 1 month, we do GH (Get Help) and we get 30%. The problem is where do that 30 % come from? The 30 % come from this pattern: For example, we as A. A will provide help as many as 1 million, then the system will randomly choose people who’ll accept that help, and those people should simultaneously make GH application. The scheme is:
– A transfers to B IDR 100,000
– A transfers to C IDR 500,000
– A transfers to D IDR 400,000
Then after approximately one month, mavro IDR (rupiah in the form of mavro) will add 30% to our money. And after the due time, and the mavro IDR has reached 1,300,000, we automatically GH. The system has arranged it and people who’ll give help are different from the previous ones.
– E transfers to A IDR 200,000
– F transfers to A IDR 500,000
– G transfers to A IDR 100,000
– H transfers to A IDR 500,000
E, F, G, H are playing as PH, and A as GH.
Thus, the money will always circulate and time of each member to be PH or GH will not be the same.
I’m asking whether or not this system regarded as usurious? It is evident that our intention to help is sincere without hoping for return, and people thar we help are different from the one gives us help.