Is it permissible to take a promissory check from a person with whom an agreement has been made for a house building project, so that a fixed amount is paid to the lender upon the sale of the house, regardless of profit or loss?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If someone gives money to their brother, there is no harm in taking a document or collateral for it. However, the transaction mentioned is forbidden because its true nature is a loan with interest. If someone gives money to another for investment, and stipulates that the capital be guaranteed and repaid, whether there is profit or loss, then they are a lender. And if they stipulate an increase beyond what was given, then they are a usurious lender.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/33830
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- Original fatwa ID
- 33830
- Imported
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