Home » Hanafi Fiqh » Askimam.org » When valuing shares in a property unit trust is it acceptable to revalue the properties and sell the shares at a higher price even though the profits have not being recognised?

When valuing shares in a property unit trust is it acceptable to revalue the properties and sell the shares at a higher price even though the profits have not being recognised?

Answered as per Hanafi Fiqh by Askimam.org
Answer

The change in the economy has an effect on the value of properties, therefore, properties are revalued for purchase and sale purposes.

And Allah Taãla Knows Best.

Was salaam

Mufti Ebrahim Desai

Original Source Link

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.