Page 20 - Issue-30-En

ELITE Vol.1, Issue 30, April 2021 Happy

Ramadan
which commercial banks are strictly bound depositors' money, which differ from one
and this percentage may be small and may be society to another according to its culture and

high, and this of course depends on the habit, in the Egyptian society, for example,
requirements of the economy of this country companies work to build a relationship of trust
that impose decisions . between them and the individuals who wish to

And with this similarity between the job of do so and give them The installments are on
banks and the job of money employees, here their regular monthly deadline, and thirdly, we

the secret lies in the difference between find that the main factor in this process is
money placement companies and banks. linked to two parties, namely the depositor and
First, money placement companies usually the investor who performs this process, so that

have someone who manages them who the motivation for both is greed, greed, and a
obtains a degree of confidence from the desire to collect money in a way more than

depositors of money and this person or normal, which is what economists confirm.
company persuades these depositors of their Those who marvel at the people's belief in the

ability to invest their money in many credibility of making profits, and indeed
activities and fields with their personal achieving them by some companies in this
knowledge in exchange for achieving short period of time, which is inconsistent with

fictional high monthly profits that are the nature of the market and economic logic,
distributed in short periods of time, and the and if these people working in the use of
percentage of these profits may reach more money have this amazing ability to invest

than 60% in less than a year. It is what is money and achieve this profit When they do
considered as a great treasure for certain not take loans from banks with less interest

groups of society. Most of the people who than they give to their customers, which of
rush to this activity are from simple course, it brings us to the end that the origin of
occupations and low-income employees who this process is in most cases illegal in the first

do not get regular money and in most cases place.
they are very few, through which they cannot And this phenomenon has been associated

implement a project or satisfy Their plans with disappointing results in our Egyptian
and hopes in life, and there are corrupt society, from the beginning of the
employees who earn money from corruption phenomenon where the "famous Rayan case"

and plunder, but they do not dare to deposit it to this day and the frightening emergence of
in banks because that represents a danger to the "Al-Mistraih phenomenon" in Upper

them, so the ideal solution is money Egypt and some other areas, which sparked a
placement companies of course. great controversy in the Egyptian street
Secondly, and here lies the game in the recently, so we find There is an incident such

appropriate way in which those who are as the “Mistraih Al-Minya” incident, who
convinced of the process of employing the collected money from the people of the

19