Published 1 year ago
Last updated 1 year ago
Q: If I invest with following conditions with a company then is it permissible in Islam:- I buy 2 square feet of an apartment from a company in 3 lacs (apartment is part of a building which is not constructed yet however as assured by the company; its area has been bought, plans etc approved from UAE government as well, work to be started soon). Ownership of 2 square feet is given to me. I give this area on rent to the same company with mutual agreement. The rent is fixed at 48 thousands.
A: No, it is not permissible.
And Allah Ta'ala (الله تعالى) knows best.
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