Purchasing real estate to invest in it through rental and the like
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The fourth question of Fatwa No. ( 11251 )
Q4: An organization that participates in commercial companies in the public sector, or purchases real estate to collect rent from them?
A4: It is permissible to purchase real estate to invest in it through rental and the like. As for the public sector, it is a general term, and it is necessary to know the nature of the dealings within it in order to be able to answer about it. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q4: An organization that participates in commercial companies in the public sector, or purchases real estate to collect rent from them?
A4: It is permissible to purchase real estate to invest in it through rental and the like. As for the public sector, it is a general term, and it is necessary to know the nature of the dealings within it in order to be able to answer about it. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.