Is it possible to finance a property under construction according to Islamic principles? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is it possible to finance a property under construction according to Islamic principles?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

This can be done in a manner appropriate to the nature of an asset that is not yet complete.

Inquire about the contract, payment schedules, the developer's liability for delays, when your obligation begins, and the guarantees available if the project is not completed.

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