Can a property left by the deceased have to be sold at market value or at cost price in order to pay out the heirs? What basis should be used to allow one of the heirs to retain ownership and therefore pay out the other heirs to acquire their share?
Can a property left by the deceased have to be sold at market value or at cost price in order to pay out the heirs? What basis should be used to allow one of the heirs to retain ownership and therefore pay out the other heirs to acquire their share?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago
The value must be based on the current value and not the cost price. If any one from the heirs wants to buy the share of others, he must pay them according to the current value of the property.
Wassalam.