{"id":20031,"date":"2021-03-01T12:46:41","date_gmt":"2021-03-01T12:46:41","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=20031"},"modified":"2021-03-01T12:46:41","modified_gmt":"2021-03-01T12:46:41","slug":"are-reit-stocks-permissible-to-invest-in","status":"publish","type":"post","link":"http:\/\/daruliftabirmingham.co.uk\/home\/are-reit-stocks-permissible-to-invest-in\/","title":{"rendered":"Are REIT Stocks Permissible To Invest In"},"content":{"rendered":"

Fatwa ID: 04931<\/strong><\/span><\/p>\n

 <\/p>\n

Answered by: Maulana Abrarul H. Hasib<\/strong><\/span><\/p>\n

 <\/p>\n

Question:<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

I was wondering about REITS.\u00a0 I\u00a0 was looking into ones that own medical buildings and apartment buildings.\u00a0 But not certain if they are halal to buy on the stock market.<\/span><\/p>\n

 <\/p>\n

I was also wondering about the ones that own the malls etc. But l am more interested in the ones that own apartments.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

In the name of Allah, the Most Gracious, the Most Merciful<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

Answer:<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

For such investments in order to be lawful, it is necessary that the four conditions are found.<\/span><\/p>\n

 <\/p>\n

The four conditions are as follows:<\/span><\/p>\n

 <\/p>\n

1] Primary business is halal.<\/span><\/p>\n

2] It should have some liquid assets.<\/span><\/p>\n

3] Voice concerns against involvement of interest.<\/span><\/p>\n

4] The amount that has been received with interest must be given in charity. [1]<\/strong><\/span><\/p>\n

 <\/p>\n

If any of the aforementioned conditions are not found, the investment will not be permissible.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

Only Allah knows best<\/span><\/p>\n

Written by Maulana Abrarul H. Hasib<\/span><\/p>\n

Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n

Darul Ifta Birmingham<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

_______________________<\/span><\/p>\n

[1] <\/strong>Fiqhi Maqaalat, Pg.144,151. Memon Islamic Publishers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 04931   Answered by: Maulana Abrarul H. Hasib   Question:   I was wondering about REITS.\u00a0 I\u00a0 was looking into ones that own…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/20031"}],"collection":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=20031"}],"version-history":[{"count":2,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/20031\/revisions"}],"predecessor-version":[{"id":20079,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/20031\/revisions\/20079"}],"wp:attachment":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=20031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=20031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=20031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}