Examples of lack of justifying needs : buying a flat in France and renting it

Fatawa Question

Salam Alaykum, I have bought a one bedroom flat with a bank credit which has got interest. The thing is that I don't live in this flat. I have one person who pays me the rent that allows me to pay the credit. In fifteen years, I would have finished paying the credit InSha Allah and I will have my own flat without having paid a lot of money. Some friends told me that there is nothing Haram with that and others told me I should ask some Shaikh or imam concerning the Riba question. I hope you will be able to give me an answer if this investment is Halal or Haram. I have done this to allow my children or myself when I will be older to have a better salary which is the rent. Salem Alaykum

Fatwa

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Publication Date

2001-05-01

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725495

American Psychological Association (APA)

Qahf, Mundhir. 2001-05-01. Examples of lack of justifying needs : buying a flat in France and renting it. .
https://search.emarefa.net/detail/BIM-725495

Modern Language Association (MLA)

Qahf, Mundhir. Examples of lack of justifying needs : buying a flat in France and renting it. 2001-05-01.
https://search.emarefa.net/detail/BIM-725495

American Medical Association (AMA)

Qahf, Mundhir. 2001-05-01. Examples of lack of justifying needs : buying a flat in France and renting it.
https://search.emarefa.net/detail/BIM-725495