The Majlis Archive

Finance - Banking - Business The Majlis Vol 28 No 04, p.11

A land was sold for X amount.

Question

A land was sold for X amount. The purchaser still owes 100,000 rupees which he is unable to pay. The property has not yet been transferred to him. The original owner now wants to sell the property. He can get double the price. He plans to sell it and return the first purchase amount to the first buyer who is owing 100,000 rupees. Will this be permissible?

Answer

If the original buyer still owes 100,000 rupees and is unable to pay or refuses to pay, then the land may be sold to another person. From the purchase price may be deducted only the 100,000 he owes. The balance must be given to him (the original buyer). Even if the price is now ten times more, only 100,000 will be halaal for the original owner. The entire balance will be for the first buyer who is the actual owner of the land.

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Published in
The Majlis Vol 28 No 04
PDF page
11

Appears under ZULM AND JAHL OF TABLIGHIS (approximate).

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