Ruling on selling shares in the real estate fund for land or for money
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His Eminence the Shaykh: What is your opinion on selling shares in the real estate fund for land and for other than land?
Those pledged to the real estate bank are not permissible to sell, neither for land nor for money; because the right belongs to the pledgee. But if they permit it, there is nothing wrong with it.And they are now permitting that, meaning: They permit a person to sell this pledged item to the Development Fund, but with conditions. So you must review these conditions. If they have been fulfilled, it is sold and there is no blame on him; otherwise, it remains a pledge.
The questioner: Do you mean before the construction?The Shaykh: No.
Before the construction, it is not permissible. If he is in need, let him take it and build it. If he is not in need, he should leave it; because there are thousands of people who want it.
Those pledged to the real estate bank are not permissible to sell, neither for land nor for money; because the right belongs to the pledgee. But if they permit it, there is nothing wrong with it.And they are now permitting that, meaning: They permit a person to sell this pledged item to the Development Fund, but with conditions. So you must review these conditions. If they have been fulfilled, it is sold and there is no blame on him; otherwise, it remains a pledge.
The questioner: Do you mean before the construction?The Shaykh: No.
Before the construction, it is not permissible. If he is in need, let him take it and build it. If he is not in need, he should leave it; because there are thousands of people who want it.