Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).
Question
Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).
Answer
Even if you purchased a house on the basis of the conventional mortgage system, you are the Shar’ee owner of the house. You may sell the house at a profit if you wish.
and Allah Ta'ala Knows Best
Mufti Muhammad Kadwa
FATWA DEPT
CHECKED & APPROVED: Mufti Ebrahim Desai
- Answered by
- Mufti Muhammad Kadwa
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