Back to search
The question

What is the ruling on working for real estate financing companies in Saudi Arabia? Are the transactions they undertake, such as buying a property then selling it in installments at an increased price, tainted by usury? And is it permissible to work for them according to Sharia?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Real estate financing has multiple forms, and their rulings differ. The form mentioned in the question, which is Murabaha for the one who commands the purchase, is permissible in Islamic law. What indicates the permissibility of working in the aforementioned company is that it has a Shariah board, so one may work there in compliance with this board.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
163122
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy