Category: Business Matters
Fatwa#: 37345
Asked Country: Australia

Answered Date: Dec 14,2016

Title: Company called BRICKX in Australia

Question

Assalam alikum Mufti saab,


I had a question regardiing fractional ownership of residential property. There is a company called BRICKX in Australia (www.brickx.com) who are offering fractional ownership of residential property. Wanted to check if it will be halal in investing in these properties. 

Also I have got a product disclosure statement (pdf copy) from the company which I would like to forward to you. Can you please advise how can I forward this to you so can review it in detail.


Jazakallah khair

Ahmed

Answer

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

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

The Darul Iftaa is currently on recess. You may forward us relevant documents, terms and conditions and contracts of the said company after the 10th of January, 2017.

You may forward the attachments to admin@daruliftaa.net

And Allah Ta’āla Knows Best

Safwaan Ibn Ml Ahmed Ibn Ibrahim

Student Darul Iftaa
Limbe, Malawi

Checked and Approved by,
Mufti Husain Kadodia.

 

 

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.