Some people are in the habit of purchasing plots (huge numbers) for the prupose of selling higher prices later on.
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
Assalamu Alaikkum va
rahmathullahi va barakathuhu
Dera brother in Islam
some people are in the habit of purchasing plots (huge numbers) for the prupose of selling higher prices later on. my question is: is this practise allowed in Islam? if allowed how many plots can I acquire at a time? or is there any limitation in the number of plots?
your answer is appreciated.
(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)
Trading in plots of land
In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is none worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.
Allah says in the Holy Quran Chapter 2 Surah Baqarah verse 274-276:
But those who devour riba become like the one whom Shaitaan has bewitched and maddened by his touch. They have been condemned to this condition because they say, Trade is just like riba, whereas Allah has made trade halaal and riba haraam. Henceforth, if one abstains from taking riba after receiving this admonition from his Lord, no legal action shall be taken against him regarding the riba he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after this, he shall go to Hell, where he shall abide for ever! Allah deprives riba of all blessing and develops charity, and Allah does not like an ungrateful, sinful person.
There is absolutely no restriction in Islam on the trading of lawful products; thus if one is involved in the purchasing and selling of plots of land or any other lawful commodity, there is absolutely no restriction in Shariah on the amount or number of plots one may buy or sell, or in the amount of profit one wishes to make on their lawful trade.
Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only Source of Strength.
Your brother and well wisher in Islam,