Transactions & Dealings >> Business
Question ID: 151308Country: India
Answer ID: 151308
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 917/990/B=9/1438)
As it is haram to take the interest in the same way it is also unlawful to give interest. In the question mentioned above in case of being a partner with a non Muslim when you pay the interest in the installment you shall also be deemed the payer of interest. Thus you should not plan like this, rather only sell the plot and be content with its profit.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India