Tyre business and large network of interest system in Pakistan

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2 years ago

Everyone is aware of the employment of buying and selling tyres, but very few people will know that another trunk of tyres is also strengthening its roots across the country in which even those who do not have a car buy tyres, once they are stuck in a tyre cycle, they hardly lose their lives. Read the story of a victim's family before going into the details of how this fog of tyres occurs.

Photo - https://www.barum-tyres.com/car/expert-advice/tyre-knowledge/advantages-of-tyres

41 years old Raees, a resident of Shershah, says that about 15 years ago, three of his muzda buses were running. The conditions in the house were fine when suddenly one day his father told the house that I was devastated and so debt-ridden that the three could not repay the entire loan even after selling the house.

According to Raees, the whole family started crying over father's words and the atmosphere in the house turned into mourning. On enquiry, it was found that the father had started a committee in which he himself started filling the committee when a man was less. Later, another fellow left the committee in the middle and the father started filling the committee in his place. But they did not realize that the committee was overfilling in proportion to the income, which resulted in a shortage of money. Someone suggested that the trailer tyres be bought on loan and sold on cash, it would cost Rs 30,000 but it would cost money and solve the problem.

According to Raees, it was a mistake to fill the committee more than our father's income, but the bigger mistake was that he followed this advice by buying a pair of tyres at high prices and selling them for cheaper prices. As a result, the money came into hand periodically, but later the need for money increased even more due to payment of tyre installment with the committee filling, for which they started picking up more and more tyres until everything sank into this wire mess.

Raees says that the day father told us about his financial bankruptcy, our lives changed, I went to Saudi Arabia, a big and 4 younger brothers also started working, vehicles were booked, it has been a long time to clear the loan with the expenses. Now the debt has almost come down but we have to get out of this cycle starting with the purchase of a pair of tyres. It took 15 years.

Photo - https://www.alibaba.com/product-detail/Used-Car-Tyres-Car-Used-Tires_1600140486530.html

How does the "money transaction racket" work under the guise of buying and selling tyres?

The well-known method of interest has been around since ancient times in which profits are taken by paying money and in case of loss, the actual amount is collected in any case including profit.

Now the same thing is strengthening the roots in different parts of the country in a new form and some people have changed their method, in which instead of paying directly, after selling tyres at a higher price on credit, then buying it at a lower price on cash and the difference is the profit of the money lender, the recovery of which is the actual amount Is done including.

The buying and selling of tyres is exhibitionin a manner in which the buyer of the tyre needs no tyre money and the purchase and sale of tyres is also limited to the extent of papers under the guise of which money is paid and withdrawn along with interest in the same way as in traditional interest.

photo- https://templegarage.co.uk/tyres

Why are tyres used for money transactions?

Oil tanker owner Noorullah says that there are many reasons for using tyres for money transactions, one is that interest is considered to be extremely important in our society due to which both the taker and the giver are not looked at well, then even in the event of a dispute in the saudi transaction, the parties find it difficult to go to the courts and They take this method to avoid.

According to Noorullah, the amount of profits that banks charge annually becomes so much profit in a month, here about Rs. 10,000 is charged per month at Rs. 10,000 per month, but since borrowing from the bank is very difficult for the common man and it takes a good time in his recovery and documentation, the most forced and financially trapped people are falling prey to the tyre mafia, While some people get caught up here in the cycle of managing capital even for the sake of extraordinary profits in a business.

Photo - https://www.zigwheels.com/news-features/news/should-you-upsize-your-car-tyres-read-to-know/32477/?is_amp=1

How much is the money transaction network spread in the name of tyres?

Major centres of money transactions under the guise of buying and selling tyres are Shirin Jinnah Colony, Madipur, Papri and Suhrab Goth in Karachi, people dealing in money across the city deal with people like banks through these centres. In some places tyre shops belong to the same people while many people use these tyre shops only on display and they transact money at home, at the deras or through an office etc. and use the shopkeepers for billing and give them a few thousand rupees.

Apart from Karachi, Peshawar, Lahore and Quetta work in the same manner, while in some cases more money transactions also use vehicles like trucks, cars and trawlers instead of tyres, while in some parts of FATA, Kalashnikovs and opium are used in the same way.

Transporters say that under the guise of tyres, vehicles and other things, billions of rupees are transacted annually in which personal guarantees are given more importance, but if they are not, vehicles and property papers are also accepted, but if it is not, those associated with the work are so influential that they recover their money.

Shariah status of selling tyres on installments and withdrawing at a lower price from the buyer

The question asked by Daralafata of Jamiat-ul-Uloom-ul-Islamia Banwari town, a well-known religious institution, is that it is permissible to buy and sell tyres in this manner to meet the need for money. On which the fatwa is given that it is actually a way of interest and such matters are called "bea aina", which is strongly condemned in the Hadith and ordered to be avoided.

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