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Fixed Rental Income

Last updated: 17th September 2019
Question ID: #4281
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AoA My question is regarding investment. I had been looking for some investment options and i came across this. This is an apartment hotel in Pakistan. You can buy an apartment and the company will manage it (letting , maintenance , service etc) as a result they will share a portion of the rent. The Catch is they agree a fix rent for 3 years and it’s increased 20% every 3 years and so on. The contract is of 20 years.  You can also go and Live in the apartment for a month every year. You area allowed to buy and sell the apartment at any time as well as you are the legal owner of it. Now my question is having this fixed rental coming in every month is allowed as per Islamic law or not ?  Thanks

بسم الله الرحمن الرحيم

الجواب حامداومصليا

It is permissible to agree with the fixed rental income for a specific time.

ولوقال اجرتك هذه الدار سنة كل شهر بدرهم جازبالاجماع لان المدة معلومة والأجرة معلومة فتجوز فلايملك احدهما الفسخ قبل تمام السنة من غير عذر كذا فى البدائع

(الفتاوى قاضي خان ج4 ص416)

And Allah knows best

08 Safar 1441/ 08 October 2019

Answer last updated on:
8th October 2019
Answered by:
Ulamaa ID 04
Location: London