-
Guaranteed Rental From Builders
Dear sir, I m confused about the status of guaranteed rental fixed percentage for a certain period upon booking of apartment. Is it sort of Riba?. The apartment is not ready for possession and it will b delivered after 30 months. For this waiting period developer offers a fixed rent upon full amount paid.
-
1 Reply
-
Guaranteed Rental From Builders
updated 2 years, 2 months ago
2 Members
·
1
Reply
-
Riba is only in on the loan money when an additional amount is demanded or paid on it. What you shared is supposed to be a property purchased and rent is being paid on it, which is halal.
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 1808 days, 8,618 registered users have posted 63,480 messages under 18,279 unique topics on Ask Ghamidi.
