The Majlis Archive
Finance - Banking - Business The Majlis Vol 26 No 10, p.8

Houses/apartments are sold off-plan, that is, before constructing the houses, they are sold on the basis of the plan.

Question

Houses/apartments are sold off-plan, that is, before constructing the houses, they are sold on the basis of the plan. Is this permissible?

Answer

Buying a house/apartment ‗off plan' is not permissible. The item of sale (mabee') is non-existent. Furthermore, this satanic scheme has come with massive fraud. Numerous people have lost their money - millions - in these schemes. Muftis who are morons halaalize this wicked scheme on the basis of Istisnaa‟. They must apply their hearts to their brains, and endeavour to ascertain the reality on the ground before vomiting zigzag fatwas.

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The Majlis Vol 26 No 10
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Appears under LONG HAIR?. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.

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