Darul Iftaa Mahmudiyyah

Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).

· 29 Jumada II 1426 AH1 min readFatwa 13259English

Question

Is it allowed to take profit by selling a house , purchased on the basis of RIBA ,(Convetional mortgage system).

Answer

Even if you purchased a house on the basis of the conventional mortgage system, you are the Shar’ee owner of the house. You may sell the house at a profit if you wish.

and Allah Ta'ala Knows Best

Mufti Muhammad Kadwa

FATWA DEPT

CHECKED & APPROVED: Mufti Ebrahim Desai

Answered by
Mufti Muhammad Kadwa
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/13259
Fatawa SA: https://fatawa.co.za/fatwa/askimam-13259

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