• Transactions & Dealings >> Business

    Question ID: 49876Country: India

    Title: regardind selling of Flat

    Question: If I sell my flat to a person and he wants to purchase my flat on loan on that flat. The amount which I get after selling my flat to that person is jayez or najayez?

    Answer ID: 49876

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 185/155/B=03/1435) As purchasing flat in cash is lawful, in the same way purchasing flat on loan is lawful and valid. But you cannot charge extra payment after maturity of the debt period except what was mutually agreed upon. Charging extra amount will be considered as interest.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India