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View By Subject 19 fatwas
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Alternative to Mortgage
I live in the UK and would like to say some western banks and some Muslim owned banks have started offering Muslims an alternative to mortgage (loan with riba) to buy homes through a scheme called Ijara and Murabaha in the Murabaha contract I choose a house, the bank will buy it and sell to me for higher price, and I pay the higher price by equal installments.. More
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Taking Mortgage to Purchase Property
Is it correct in Islam to take a mortgage to purchase a property in this country, given that the Halal mortgages seem to be only for the rich Muslims.
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Holding mortgage money (Al Raheena, WAFA, Amana)
Can you please answer the following question:1. Somebody wants take a house on mortgage (which is Rahen in urdu) 2. He will pay Rupees: 80,000 to the owner of the house. As a guarantee, the owner will vacate the house, and give to the person who is paying the money. This is a gurantee for the money. The person paying will stay with his family in.. More
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Ruling on mortgage
What is the Islamic ruling about mortgage?
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