Ruling on Participating in Building on a Piece of Land
Machine translationRead the Arabic original
The questioner:
Abu Khalid from Ta'if, please, Abu Khalid. Peace be upon you. And upon you be peace.
The Shaykh:
Peace be upon you.
The presenter:
May Allah keep you in good health, O Shaykh.
The Shaykh:
May Allah keep you safe.
The presenter:
Abu Khalid, Abu Khalid, let me turn the television down a bit, let me turn the television down, there is some interference between us and you, please go ahead.
The questioner:
Well, we are three brothers. The eldest owns a piece of land, and we want to build on it. We agreed that the building would be done by two of the brothers, such that the landowner would own half of the property afterwards, and the other two who built it would own the other half. The question is: Is it permissible to take a loan by which the bank pledges the title deed, transferring it from the name of the eldest to the bank, and after repayment, transferring it to the names of the two brothers under the name of a lease contract? Well, thank you.
The Shaykh:
As for the partnership, you have partnered, one has ownership of the land and one has the expense of the construction upon him, this is permissible if you agree to it. And as for the issue concerning the real estate bank, you must consult the real estate bank, and it will deal with you according to the system it has. Yes.
Abu Khalid from Ta'if, please, Abu Khalid. Peace be upon you. And upon you be peace.
The Shaykh:
Peace be upon you.
The presenter:
May Allah keep you in good health, O Shaykh.
The Shaykh:
May Allah keep you safe.
The presenter:
Abu Khalid, Abu Khalid, let me turn the television down a bit, let me turn the television down, there is some interference between us and you, please go ahead.
The questioner:
Well, we are three brothers. The eldest owns a piece of land, and we want to build on it. We agreed that the building would be done by two of the brothers, such that the landowner would own half of the property afterwards, and the other two who built it would own the other half. The question is: Is it permissible to take a loan by which the bank pledges the title deed, transferring it from the name of the eldest to the bank, and after repayment, transferring it to the names of the two brothers under the name of a lease contract? Well, thank you.
The Shaykh:
As for the partnership, you have partnered, one has ownership of the land and one has the expense of the construction upon him, this is permissible if you agree to it. And as for the issue concerning the real estate bank, you must consult the real estate bank, and it will deal with you according to the system it has. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 2423 - حكم الاشتراك في بناء أرض - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.