Halal Housing Scam, Halal Housing, has recently come under scrutiny for its questionable practices, particularly when dealing with vulnerable NRIs. Ahmad Hassan while presenting himself as devout Muslim adhering to Halal principles and Sunnah is exploiting religious sentiments to attract unsuspecting NRIs.
One concerning case revolves around Ahmed Hassain’s involvement in a plot development project in Saba Valley. It is claimed that he secured crores of rupees in investments from individuals, only to later present false issues with the project layout. Subsequently, he proposed alternative investment options within his portfolio, which allegedly suffered from issues like poor construction quality, internal legal disputes, and difficulties in property registration under investors’ names.
This situation raises concerns about potential financial impropriety and reminds previous scams such as the IMA Gold and Jewellery Ponzi scheme wherein thousands of people were cheated with their investment. It is crucial for the community to remain vigilant and cautious when considering investments in any project, regardless of the appealing terminology used, such as "Halal." careful consideration should be used to safeguard hard-earned money.
It is advisable for potential investors, especially within the Muslim community, to thoroughly investigate any investment opportunity, seek legal advice to prevent falling victim to financial scams.