IslamQA

“A” and “B” financing – CLARIFICATION

Answered according to Hanafi Fiqh by Askimam.org

This is a clarification regarding the fatwa #34925.As stated in the query “A” has already paid an advance payment of 6.5 lakhs for a property of 20 lakhs which belongs to “B”.and it was decided as an agreement that “A” would pay the remaining amount of 13.5 lakhs in a year.but after few months “A” decided not to pay the remaining amount and even asked for the advance which he had paid earlier.while as for all these months (since he has paid the advance)”A” was benefitting from the restaurant which was a part of the property.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You have still not clarified whether or not a sale was concluded before the payment of the 6.5 Lakh.

Please clarify with a ‘yes’ or ‘no’ anwer.

And Allah Ta’āla Knows Best

Maaz Chati

Student Darul Iftaa
Blackburn, England, UK

Checked and Approved by,
Mufti Ebrahim Desai.

 

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