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  • Loyalty Program

    Posted by Ali Yaqob on April 27, 2023 at 6:45 pm

    The city in which I’m currently living in has loyalty program where if I buy a member card (with money), I receive a fixed percentage (10%) of amount I spent on buying the member card, each month. The fixed percentage is in the form of points that I can spend only on specific vendors.

    When I want to cancel the membership, The program deducts the same percentage (10%) of amount and returned the remaining amount.

    For example:

    I bought the membership with 100$.

    Now each month I receive 10% of 100$ i.e. 10 points (1 point = 1 $)

    When I want to cancel, the program deducts 10% of 100$ and give me 90$

    My question is about the 10% I’m receiving each month: Is it SOOD?

    Dr. Irfan Shahzad replied 5 months, 1 week ago 2 Members · 1 Reply
  • 1 Reply
  • Loyalty Program

  • Dr. Irfan Shahzad

    Scholar April 28, 2023 at 1:15 am

    Sood or interest is in the case of loan money when additional money is demanded on it. There is no loan involved in it. It is a kind of incentive so that you may use your card to shop at some specific vendors to enhance their business for which you are given a favor too.

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