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Right Your Move-Ruling on Properties

Back to Right Your Move-Ruling on Properties
 
Fatwa By : Sheikh Muhammed Salih Al-Munajjid
Language English
Reference By Islam Q&A
Addition Date 05/09/2013
 
Ruling on Buying And Selling Land, Real Estate
If according to Islam is it permissible to earn/profit out of the investing in land/property. Thank you very much for your help in advance.


Praise be to Allah.

Buying and selling land is permissible because it is included in the meaning of the verse in which Allah says (interpretation of the meaning): “Allah has permitted trading”  [Al-Baqarah 2:275].

That applies whether it is for investment and profit, or in order to make use of it and benefit from it.

But trading is subject to certain conditions in order to be valid, including:

1. The land in question should be clearly known, as should the price, so that both the buyer and seller will be aware of what is going on

2. The transaction should be by mutual consent.

For more information please see the answer to question no. 103149

And Allah knows best.

Islam Q&A