-
Does This Business Contract Come Under Definition Of Riba?
There is a shop in a plaza , if I buy it , then I will be paid fixed rent , plus in contract it is written that I can either keep the shop or sell it . If I want to sell it according to contract the owner of plaza will be liable to pay me 12 percent plus the market rate of the shop. I want to ask if this comes under Riba or not .
-
2 Replies
-
Does This Business Contract Come Under Definition Of Riba?
updated 3 years, 5 months ago
2 Members
·
2
Replies
-
Riba only comes into picture in loan transactions. Since there’s no loan involved, there’s no question of riba.
However, just because there’s no riba doesn’t mean that a transaction stands valid on moral and ethical grounds. Whether it does or not is something that you will have to decide for your own self.
-
Yes I agree , then what about the fairness or ethical/moral view on this transaction , Although it is not unfair or gives harm to anyone , one thing I find troubling is fixing of sale plus profit.
Sponsor Ask Ghamidi
