Is investing $500 in a real estate company with daily profits considered halal or haram?

First: If the investment is in real estate sales, the following conditions apply: 1. Agreement on a known percentage of the profit, along with verifying the existence of the property, its sale, and the distribution of profit whenever a property is sold. It is not permissible to specify a daily profit, a lump sum, or a percentage of the capital. 2. No guarantee of capital; because losses are borne by all according to their respective shares.

Second: If the investment is in owning and renting real estate, a daily profit can be conceived if the property is rented daily (like hotels), and the net profit is obtained after operational costs. However, this daily profit is not always consistent. When an investor withdraws, the property is appraised, and they receive their share from it; their original capital is not returned.

Third: It is not permissible to enter into this transaction unless the existence of the property is verified and it is confirmed that it is rented daily. Otherwise, it is a transaction of money for money, which could be a pretext for dealing with usury or prohibited matters. Therefore, the principle is not to participate in any company whose existence, assets, and adherence to Sharia (definition) principles in its dealings are not verified.