Working in the mortgage system : working as a real estate agent in Singapore

Fatawa Question

Assalamu Alaykum, I live in Singapore and work as a real estate agent selling government homes to my customers who are 99 % Muslims (20 % of Singapore population of 4. 5 Million). By January of 2003 the government will let the banks to take over and have people finance through them. Meaning carrying a mortgage just like they do in USA and other parts of the world. For Muslims, they will not have any other choice but to carry mortgage if they want to own houses. My question is, is it ok for me to continue working in this business to keep serving the Muslims ? This is the only work I know how to earn income. Let me make it clear that my income comes as a commission paid to me by the seller or the buyer. Never from the bank. And if we Muslims stop serving our community, they will be served by the chinse or Indians. Please reply. Jazakullah Khayr

Fatwa

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Publication Date

2002-12-25

Main Subjects

Economics & Business Administration (Multidisciplinary)
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Singapore
• Real property

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725593

• APA
• MLA
• AMA