When valuing shares in a property unit trust is it acceptable to revalue the properties and sell the shares at a higher price even though the profits have not being recognised?
Question
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When valuing shares in a property unit trust is it acceptable to revalue the properties and sell the shares at a higher price even though the profits have not being recognised?
Answer
The change in the economy has an effect on the value of properties, therefore, properties are revalued for purchase and sale purposes.
And Allah Taãla Knows Best.
Was salaam
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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