Is it permissible to obtain a fixed annual return for several years by leasing an apartment at a specific annual rate through a contract with the developer company that owns the apartment, knowing that the company is part of a group that includes branches dealing in the global stock market? And is it permissible to deal with this company?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If you purchase an apartment from a company and then lease it back to them, without this being stipulated in the sales contract, then there is no issue with the permissibility of the transaction. Similarly, appointing the company to lease it on your behalf for a known percentage is permissible. The company's involvement in some forbidden activities does not prevent dealing with them in permissible matters. However, if the lease or agency is stipulated in the sales contract, the majority of scholars consider the contract invalid.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195196
Where this answer came from
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- Ftawy
- Original fatwa ID
- 195196
- 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.
- Read the full ruling
- Read the full answer on Ftawy