Property transactions

Question ID: 38678
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Mufti Saab I wanted to ask you a few questions about property transactions and whetherits an adviable business to run and permissible or not within Islamic regulations.

Question:

If I am a middleman in a property transaction i.e. I am able to get hold of a property cheap because the owner is in financial difficulty and is struggling to pay the mortgage which would be either capital re-payment or interest only and he wants to get rid of it. If I decide to take the property off him but rather than getting/buying the property myself I sell this lead to another person/investor say for 5k is this ok to do?

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Asked on January 1, 1970 12:00 am
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Ok
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Answered on January 1, 1970 12:00 am