[House finance on partnership]
Fatawa Question
Is it permissible (to avoid Riba) ? I will buy a house partnership with a person (for me-20 %, partner 80 %, his source of money might be a conventional mortgage). If I enter into a contract with this partner and agree to purchase his ownership share over an agreed period of time. During this time I have exclusive right to live in the house. In return I agree to pay him a profit. At the end of the contract I am the sole owner of this home.
Fatwa
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Publication Date
2012-03-20
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-733122
American Psychological Association (APA)
Qahf, Mundhir. 2012-03-20. [House finance on partnership]. .
https://search.emarefa.net/detail/BIM-733122
Modern Language Association (MLA)
Qahf, Mundhir. [House finance on partnership]. 2012-03-20.
https://search.emarefa.net/detail/BIM-733122
American Medical Association (AMA)
Qahf, Mundhir. 2012-03-20. [House finance on partnership].
https://search.emarefa.net/detail/BIM-733122
