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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Imransheikh
Saturday, February 2, 2019 10:44 AM 
Reply: >
Whether you invest in " pakistanbanao" or any other profit schemes. This all is "INTEREST" SOOD and that is Haram. Better to do and promote business or invest in property. Every year around 8 to 9 billion USD invetsed in property that is HALAL whereas profit / SOOD of all kinds is prohibited in Islam.
Ahmed replied on Saturday, February 2, 2019 10:56 AM 

True,
Ahmed replied on Saturday, February 2, 2019 11:11 AM 

Yes Imran bhai it is haram in islam. Btw according to islam taking a picture or getting photographed is also haram, so you dont have a picture on your ID card or passport?
Lets not get into this discussion of halal or haram here it is a never ending very contextual question.
Thinker replied on Saturday, February 2, 2019 12:15 PM 

Hoarding something so a shortage is created and prices increase is also Haram, so buying a plot on which you dont intend to build a house, then you are creating a shortage for a genuine buyer and increasing the price for him. I think that is Haram too.
Imransheikh replied on Saturday, February 2, 2019 03:22 PM 

@Ahmed , brother, there is no second opinion in Islam on Sood/Profit. !!! Clearly prohibited , all scholars are agreed on it.
Whereas ID and passport pic are today's requirement because of dishonesty of people and different School of thoughts available, some says Yes to pic and other says No !!!
@ Thinker, brother, it all depends on NIYYAT regarding hoarding, buying plots, increasing price deliberately, all our actions are related with NIYAT.I read and listed to many liberal and strict scholars everyone says that profit/SOOD is strictly forbidden in Islam, no second opinion.
Waseem® replied on Saturday, February 2, 2019 04:16 PM 

@Ahmed,

Where in Quran it is written that taking a picture is Haram ? For interest it is clearly mentioned though.
Hasan replied on Saturday, February 2, 2019 06:33 PM 

What ever you say. Our nation is unique. Till the real estate investment was fruitful, interest is haram etc. When property is doomed and there is option for high profit they will turn towards dollar certificates. No halal haram fatwa will work. All want profit. Where is it maximum. Period.
Imransheikh replied on Saturday, February 2, 2019 06:51 PM 

@ Hasan , you are right , but Allah does not give Fatwa , He orders to keep yourself away from SOOD and so called profit.
In the presence of Quran and Sunnah, we don't need any kind of FATWA.
Profit replied on Saturday, February 2, 2019 08:25 PM 

There is a difference between "Sood/Interest/Riba" and "Profit" so I would suggest that profit is very much halal so lets not mix up the two.

For example:
You build a house yourself and puts up the asking price of Rs. 100 no matter what might be the cost of building the house yet you have every right to ask Rs.100 or Rs.1000 or Rs.10000000 with a profit of 10% or 50% or 5000% because first of all you are not forcing anyone to buy your house therefore it is very much Halal, however if you have invented a life saving medicine and then put up a ridiculous amount of profit just to exploit the people as they cannot survive without having your medicine then its Haram.

So I believe it helps and secondly if someone can point out anything wrong in this would gladly love to know.
User_6006® replied on Saturday, February 2, 2019 09:48 PM 

State ,Govts have different position thn indvidual.when state can give subsidies in hajj which jlis only applicable if people can afford thn how come state given policies can come under haram sood it should be call something else and its not like dealing with indviduals so national based scheme is not haram and people should help their beloved country under GOD.
ZB replied on Sunday, February 3, 2019 01:30 AM 

Well said by Brother Imran Sheikh sb..... sood is haram in whatever form it is, clearly mentioned in Quran e Pak
Curious About Islamic Law replied on Sunday, February 3, 2019 08:59 AM 

If "SOOD" is haram, then why Government of Pakistan paying 3 or 3.1 % interest to Saudi Arabia and why Saudi Arabia is taking "SOOD" ? I am talking about dollars we borrow from Saudi Arabia and UAE?
OVERSEAS replied on Sunday, February 3, 2019 10:10 AM 

Sood is haram and there is no argument over it. It is haram under the same circumstances as prevailed 1500 years ago. i:e certain amount from an individual paid to other individual who is in need for certain period for returning with a fixed overhead+actual amount.
Above conditions seem different from today when I buy these PBC or I keep money in fixed
deposit in bank basis I am not dealing with an individual in need.... yani.......
"Mey kisi insan ki majboori sey faida nahi ley raha."
Instead I am dealing with institutions having all kind of bussiness experties.

However I stay in doubt on above.
Pls guide . Thanks
Imransheikh replied on Sunday, February 3, 2019 02:14 PM 

@ overseas
If I accept your justification by dealing and getting profit from there then SOOD becomes HALAL.
YEHI to Rona hai society ka that we all need profit with money without work . Buy commodity physically and get either profit or loss that is only HALAL with good NIYYAT
OVERSEAS replied on Sunday, February 3, 2019 05:30 PM 

What about rent. ? . Instead keeping the money in bank deposit , one buys a house and give to individual for returning the same after fixed period alongwith fixed additional money as rent There is no selling of house on profit or loss and money as rent is being earned without work similar to profit paid by bank..
dxb replied on Sunday, February 3, 2019 06:07 PM 

brother @overseas

your understanding has a basic missing element when it comes to sood.

If i buy 100 houses and give on rent then its pure islamic? why? because there is a physical entity (house) involved. I purchased a tangible asset and rented it out.

in this PBC certificate, I am handing over money to other party with no knowledge of how they are going to utilize it or how they will earn profit? we are not purchasing a physical/tangible asset.

its a money deposit scheme with promiss of more money returned in future. Purely unislamic
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