[Borrowing for investment]
Fatawa Question
From : Munssif As-Salamu `Alaykum. Sheik, I am writing from Sri Lanka. We have a land in a village area. Still there is no proper road to that land. We want to sell some of the portion from our land. We can increase the value of the land by constructing a road to the land ; it’s costly because our land is situated on a hill. My question is : can we borrow money to construct the road as investment ; hence we can share the profit of selling land ? If it’s ok, then from which amount we have to share the profit ? Will it be from the increased value of land after constructing the road ? Looking forward to hear your answer, Ustaz. Jazaka Allah.
Fatwa
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Publication Date
2013-01-10
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-733602
American Psychological Association (APA)
Qahf, Mundhir. 2013-01-10. [Borrowing for investment]. .
https://search.emarefa.net/detail/BIM-733602
Modern Language Association (MLA)
Qahf, Mundhir. [Borrowing for investment]. 2013-01-10.
https://search.emarefa.net/detail/BIM-733602
American Medical Association (AMA)
Qahf, Mundhir. 2013-01-10. [Borrowing for investment].
https://search.emarefa.net/detail/BIM-733602
