Fatwa #3734514 December 2016Australia
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
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.