I purchased a land at a price that was mentioned in the year 2004. Now If I want to sell the same piece of land.
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:
I purchased a land at a price that was mentioned in the year 2004. Now If I want to sell the same piece of land, the current price of the land is more than what I bought in the year 2004.
So my question is, the profit that I get by selling the piece of land, is it halaal or haraam?
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Profit selling land
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Your Question: So my question is, the profit that I get by selling the piece of land, is it halaal or haraam?
Allah Says in the Holy Quran Chapter 2 Surah Baqarah verse 275:
275 Those who devour riba (interest, usury, etc.) will not stand except as stands one whom the Shaytaan by his touch hath driven to madness. That is because they say: "Trade is like riba, but Allah hath permitted trade and forbidden riba.
If you purchased a land (or any other lawful commodity) and wishes to sell that land at a higher price, this transaction would constitute trading.and the profits derived from such trading would be absolutely lawful for the believers in the Sight of Shariah Law and of Allah Subhanah.
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,