Is QNet Banned In Saudi Arabia?

JEDDAH: Saudi Arabia has banned Qnet, a network marketing company, and said it would punish those involved in the suspicious business venture.

“This network marketing activity involves deception of citizens and has been banned in a number of countries,” the Ministry of Commerce and Industry said.

What countries is QNet banned in?

QnET is banned/shutdown in many countries

  • Afghanistan (2008)
  • Rwanda (2009)
  • Iran (2005)
  • Sri Lanka (2004)
  • Syria (2009)

Why is QNet banned?

Kuna also said that QNet has not been banned in any country. “In Saudi Arabia, the government issued a ban on direct selling and network marketing industry as a whole. On tapping the digital platforms for its business, the QNet chief said it adopted the e-commerce model way back in 1998.

Is QNet is banned in India?

It operates legally in some countries, but has been charged with Ponzi scheme and multi level marketing in countries such as India. The government of India and the Telecom Regulatory Authority of India banned the site in India after a protest spread in Bangalore.

Saudi Arabia, Ministry of Commerce & Sector stated ” This network marketing task involves deception of residents and has been banned in a number of countries”. The ministry advised Saudis and expatriates not to take part in the events of such network marketing business.

Is QNET illegal?

No, QNET is not banned in India. It actually operates through Vihaan Direct Selling India for the last seven years in India. Yes, there are some legal cases ongoing but they are due to baseless complaints. The company is fighting them and no court of law has convicted the company of any crimes.

Is QNET safe to invest?

Is Qnet safe to invest? – Quora. QNET is a network marketing business and it is a viable way to start a part-time home-based business. Qnet is not a investment.

Why is QNET banned in countries?

QNet was first started in 1998 with the name GoldQuest and made numismatic coins, but later changed the name to QNet, when they faced accusation of being a pyramid and a money circulation scheme in India and also at other countries. From time to time, QNet got banned in many counties, such as: Afghanistan (2008)

Is QNET banned in Dubai?

According to sources, the V-UAE 2018 was cancelled after Saudi Arabia declared QNet as haram and activities of the MLM company as ‘misleading activity’. On 1 September 2018, the ministry of corporate Affairs in Saudi Arabia issued a warning against QNet saying that its activities are prohibited in the country.

Can we get money back from QNet?

In case you paid the money already or partially and want to quit the biz because of any reason, then you can raise a cancellation request within 7 days and 30 days of purchase.

Should I join QNET?

Multi-level marketing opportunities are a good source of income once you have laid the grounds of a solid foundation.More than monetary benefits, QNET also provides their members with continuing training and support. QNET business can be the real deal and should you join QNET or not depends only from you.

How does QNET make money?

Opportunity to Make Money-QNET pays you to sell its products and also pay you a certain amount per people that you get to join the network. Unlimited Earning Potentials-: you earn a percentage per sales you make, the potentials of making money is unlimited when compared to a fixed salary job.

Due to this, the government of India has identified a few types of network marketing fraud strategies as illegal in India in order to protect consumers. These network marketing schemes are not legal in India under the Direct Selling Guidelines 2016 and Prize Chits & Money Circulation Schemes (Banning) Act 1978 (pdf).