Does LARIBA participate in the Profit & Loss as Islam Orders Us?
A16. In fact Islam requires us to participate in a much broader sense by participating in THE RISK. We at LARIBA take the risk of not benefiting from higher rents. We also polled a large number of community members and most of them (over 90%) did not want LARIBA to participate in the profit. In the Housing Cooperative of Toronto, Canada, they participate only in 10% of profit and loss. They use the same model we use. In our case and judging by sad experiences and lengthy court proceedings regarding this subject we decided to participate in 0% in this stage.
