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Is HSBC Amanah Finance permissible?

Answered as per Hanafi Fiqh by DarulIftaBirmingham
Is HSBC Amanah Finance permissible?

In the name of Allah, the most Beneficent, the most Merciful.

Answer

Mufti Taqi Uthmani, Shaih Nizam Al Yaqubi (Bahrain) and Dr. Al Ghairi (Saudi Arabia) have approved of the HSBC house-financing scheme. The purchasing plan is based on the Ijara principle.

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Islamic Mortgage

Only Allah Knows Best

Mohammed Tosir Miah

Darul Ifta Birmingham

Original Source Link

This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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