QuickCheck: Are scammers misusing Jakim's name to defraud people?

Jakim

A MESSAGE has been making its rounds on social media congratulating recipients on the approval of their application to open a trading account for syariah-compliant shares with the Department of Islamic Development Malaysia (Jakim).

According to the message, they would receive a large sum of money after paying a registration fee.

Are scammers misusing Jakim's name to trick people into paying these "registration fees''?

Verdict:

TRUE

In a post on its Facebook page, Jakim has flatly denied involvement in any investment scheme.

According to the department, it has never been involved in the trading of any syariah-compliant investment products and warned the public to be wary of such scams.

Readers are reminded that if something sounds too good to be true, it usually is.

The scammers in this case were trying to entice victims into paying a RM2,000 registration fee with the promise of RM24,560 in investment returns.

This would mean a projected return of over 1,000% which is wholly unrealistic and should set off alarm bells.

Get-rich-quick schemes only work if you are the one running them – until the authorities pay you a visit.

References:

COMPLI

TRUE OR NOT

QuickCheck, StarVerified, Scam, Jakim, Syariah-Compliant Investment, Denial, Facebook