The Majlis Archive

Finance - Banking - Business The Majlis Vol 22 No 09, p.5

What is the Shariah's view on buying property off a plan?

Question

What is the Shariah's view on buying property off a plan? One pays for the property which will still be built according to the plan.

Answer

Such deals are haraam. It is not permissible to sell or buy a non-existing item. The sale is baatil (null and void).

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The Majlis Vol 22 No 09
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