Alternatives to interest home financing : personal lease purchase
Fatawa Question
Is this Riba ? My brother would like to buy a house. I would like to help and invest at the same time. I plan to buy the house for him and charge him a reasonable rent. Each month he will be paying me the rent and extra money until he pays the price of the house. In other words, his ownership of the house increases every month (and my share of the rent decreases) until the price of the house is paid to me. My questions are : is this permissible ? If yes, are there circumstances under which it becomes Riba ? Jazakom Allah Khayran
Fatwa
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Publication Date
2002-03-07
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725385
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-07. Alternatives to interest home financing : personal lease purchase. .
https://search.emarefa.net/detail/BIM-725385
Modern Language Association (MLA)
Qahf, Mundhir. Alternatives to interest home financing : personal lease purchase. 2002-03-07.
https://search.emarefa.net/detail/BIM-725385
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-07. Alternatives to interest home financing : personal lease purchase.
https://search.emarefa.net/detail/BIM-725385
