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Financing real estates by Islamic banks
السؤال
Dear Prof Kahf, Salaam Alaykum, We are constantly receiving application for investments in real estate transactions both for real estate development projects for resale by our prospects who are operators/developers in the real estate industry and private clients/individuals who want to acquire property for personal residential (and other) purposes. The main challenges of the real estate industry in Nigeria is the statutory requirement by the Federal government that the applicable government consent must be sought for all “Long term” transactions in real estate and all such transactions must be registered. The conventional players in the industry have devised all sorts of means within legal boundaries to bypass/escape the incidence of double transfer / registration fees which usually falls within 10% to 16% percent of the property value. The Murabahah model seems most appropriate for these purposes. Our main concern is being able to secure our Capital’s position and investment in the event of default such as: - Client’s inability to pay - Loss of interest in the transaction - Death of the client - Bankruptcy and insolvency etc. Based on the above, our questions based on the transaction dynamics attached are : 1- Can we transfer title to the client, if we do not register our title as the owner of the property I.e. purchase form the vendor and resale to the client? If so, how can we execute such? If not, what are the alternatives ? 2- Can the vendor executes 2 sets of Deed of Assignment (one in favour of the client and one in the favour of the company) under Islamic Finance ? We ask that you please review the transaction dynamics Vis-a-Vis our concerns and questions and the final way forward. We look forward to your views and recommendations and pray for God’s guidance to you and your family. Many thanks for your usual cooperation. Wa salaam
جواب الفتوى
أنقر هنالمشاهدة هذا المحتوى
تاريخ النشر
2009-03-20
التخصصات الرئيسية
العلوم المالية و المحاسبية
الدراسات الإسلامية
الموضوعات
عدد الصفحات
2
نوع البيانات
فتاوى
لغة النص
الإنجليزية
رقم السجل
BIM-730858
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Qahf, Mundhir. 2009-03-20. Financing real estates by Islamic banks. .
https://search.emarefa.net/detail/BIM-730858
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Qahf, Mundhir. Financing real estates by Islamic banks. 2009-03-20.
https://search.emarefa.net/detail/BIM-730858
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Qahf, Mundhir. 2009-03-20. Financing real estates by Islamic banks.
https://search.emarefa.net/detail/BIM-730858
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
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