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The question

What is the ruling on selling an apartment by way of istisna' (manufacturing contract) before taking possession of it and benefiting from its profit, and is the money generated from it lawful if it is gifted to another person?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Scholars have differed on the ruling concerning selling an apartment that has been commissioned or manufactured before taking possession of it. The majority prohibits it, as stated in the resolution of the Islamic Fiqh Academy, while others have permitted it. Since the sale has already taken place, and some scholars deem it valid, we hope there is no problem in this, and no problem for the brother to benefit from the price that was gifted to him.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
126761
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy