Selling Real Estate Properties with the Intention of Trading Using Portions of Its Price: Sustainable Development of Financial Assets

Abstract

There is a recent text that cited a clear jurisprudential problem, and it is the hadith: “Whoever sells a house and does not put its price in something like it, he will not be blessed in it.” The basic principle is that it is permissible to sell the property, and its price obtained from its sale is in the ownership of its owner. He can do with it whatever he wants, and he is not required to buy it. With it, or part of it, another property, and this resulted in many problems that required monitoring a set of controls, the responses of the scholars of jurisprudence towards this correct text, and an explanation of the secrets and rulings of this legislation that achieve the hidden interests of the sellers of their real estate.

Real estate trade in the Kingdom of Saudi Arabia is a very distinct activity, and individual merchants always seek to regulate real estate trade according to Sharia controls, seeking what is permissible and blessed, and this research contributes to covering a number of these important aspects.

The objectives of the research were the most important:

1. Providing legal answers to merchants’ questions about repeatedly purchasing a subsequent property for a portion of the price of a previous property that was sold and collected.
2. Monitoring a group of miscellaneous provisions and controls related to this topic in one place.
3. Proving the ability of Sharia to find appropriate solutions to people’s calamities in their lives.

This research concluded with a set of scientific results that we explained at the end of the research.

It also concluded with a set of important recommendations listed at the end, which are relevant and related to the field of this research.