Tawarruq using a house as a commodity : house buy for cash and sell lease
Fatawa Question
Dear Dr. Kahf, As-Salaamu Alaikum Warah'matul-Laahi Wa Barakaatuhuu We approached a finance company here in the U.A.E. for funding for a project. They have requested that my friend give them the details of the house he owns so that they will give us financing by means of buying the house he lives in and giving us cash. I know they will try to get some extra profit of of this trade ? What is there a shari'a compatible formula that they can use ? Thanks in advance
Fatwa
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Publication Date
2007-02-01
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-785716
American Psychological Association (APA)
Qahf, Mundhir. 2007-02-01. Tawarruq using a house as a commodity : house buy for cash and sell lease. .
https://search.emarefa.net/detail/BIM-785716
Modern Language Association (MLA)
Qahf, Mundhir. Tawarruq using a house as a commodity : house buy for cash and sell lease. 2007-02-01.
https://search.emarefa.net/detail/BIM-785716
American Medical Association (AMA)
Qahf, Mundhir. 2007-02-01. Tawarruq using a house as a commodity : house buy for cash and sell lease.
https://search.emarefa.net/detail/BIM-785716
