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Is It Permissible to Work in Real Estate Valuation?

22 November, 2021
Q What is the ruling on offering real estate valuation services for Islamic and non-Islamic banks?

Answer

In the Name of Allah, Most Gracious, Most Merciful. 

All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.


In this fatwa:

Offering real estate valuation services is permissible regardless of the party/client asking for that service.


Answering your question, the General Iftaa’ Department in Jordan, states the following:

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Real estate valuation is a permissible business since it is about offering a benefit against a wage. Moreover, a real estate valuer should be honest and trustworthy. Allah, the Almighty, said, {O you who believe! Fear God and be with those who are true (in word and deed).} (At-Tawbah 9:119)

Parties with whom the real estate valuer deals vary according to the nature of their business. It could be a bank, an organization or else.

However, the nature of those parties’ business doesn’t affect the work of a real estate valuer since, in principle, it is permissible.

In fact, he/she estimates the price of a certain real estate regardless of the party asking for that service, and this doesn’t help in committing riba (usury/interest) for Allah, the Exalted, said, {Help you one another in righteousness and piety, but help you not one another in sin and rancour: fear Allah. for Allah is strict in punishment.} (Al-Maidah 5:2) In addition, real estate valuation is a lawful job.

Accordingly, offering real estate valuation services is permissible regardless of the party/client asking for that service.

 Almighty Allah knows best.

Source: http://www.aliftaa.jo