Filosofia ya Rorya
JF-Expert Member
- Sep 20, 2021
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Is there Illicit Money (fedha haramu)?
I met a Chinese Project Engineer stationed in Tz, in our exchange, he wondered as to what is "Illicit Money" He has come across the jargon just here in Africa. Worried if there exists Illicit Money and Clean Money in pursuit of liquidity, the Sino-entrepreneur quizzed me if there is significant difference in the expenditure of the two versions of money. The expert is a Project Engineer in the day time clad in workmanship attire and night a Chinese Restaurant Waiter.
What is your understanding of the Illicit Money (Fedha Haramu)?
I concur with your understanding and cement it like this:All money gained through illegally means is technically termed illicit, it is clean per se but what makes it illicit is the way it was obtained, for instance an illegal child (bastard) borne out of wedlock, he/she per se is an innocent and immaculate but the illegal means through which he/she was born makes him called by the name.😁
I concur with your understanding and cement it like this:
Governments of the world should litigate illicit means of obtaining money in-lieu of confiscating and litigating cash (which in nature is legal tender/not illicit). While litigating illicit ways of getting money, the money involved should be left to circulate (under fiscal control) to bolster economies. Let us think Chinese way. Majwala D.O, (2021)