What is the Islamically correct way to contract a property developer to build a house for you ?
Fatawa Question
A buyer agrees with a property development company that they will pay the full price now for a house / flat now even though the property is still under construction. Once the house is complete, the buyer will then move into the property. During the period of construction, the property development company will pay rent for the land to the buyer until the property is complete. Is this allowed ? are there any issues with this ?
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2013-05-04
Country of Publication
United Kingdom
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726241
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2013-05-04. What is the Islamically correct way to contract a property developer to build a house for you ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726241
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). What is the Islamically correct way to contract a property developer to build a house for you ?. Manchester England : al-Qalam Shariah Scholar Panel. 2013-05-04.
https://search.emarefa.net/detail/BIM-726241
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2013-05-04. What is the Islamically correct way to contract a property developer to build a house for you ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726241
