So Malays who buy houses at a special discount because the developer is forced to sell it to them at a special discount are entering into a transaction that is not blessed by Islam. This is because it is not a willing transaction. It is a forced transaction.
The developers really have no choice in the matter. When they apply for their licence to build those houses the government would stipulate a clause that a certain percentage of the houses must be reserved for Malay buyers and the houses must be sold to the Malay buyers at a discount. If they do not agree then the developers would not be given permission to build the houses.
So they have no choice but to agree, if they want permission to build the houses. And they will need to price the houses sold to the non-Malay buyers slightly higher to subsidise the discount given to Malay buyers. So they ‘steal’ from the non-Malay buyers to be able to afford the discount given to the Malay buyers.
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