property income

Tags:
Question ID: 40077
0
0

As salaam u alaikum Mufti saheb.
My question can be related to two categories i. e. Halaal investment and zakaat
If one invests an amount of money in a muslim property syndicate(i. e. the money is invested only in buying property and one will receive returns from the rental income that is received).
The company promises a return of a fixed amount eg. 10% pa of the invested amount paid monthly into the investors account.
The question arises:
Is the income of an exact percentage of the invested amount (paid monthly) acceptable as halaal income. There does not seem to be profit sharing of total income.

Marked as spam
Asked on January 1, 1970 12:00 am
12 views
0
Private answer

Fixing in this matter is questionable especially if it then results in a fixed return.

Marked as spam
Answered on January 1, 1970 12:00 am