What is the ruling on www.Ijaracanada.com?

Is this a halal way to buy a house http://www.ijaracanada.com/ or is it just one of those schemes ?

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may obtain the actual contract that governs the scheme and send it to us for our observations. The information provided in the link is insufficient for us to comment. A contract should reflect the reality of the concept in detail.

And Allah Ta’āla Knows Best

Maaz Chati

Student Darul Iftaa
Blackburn, England, UK

Checked and Approved by,
Mufti Ebrahim Desai.

 http://www.ijaracanada.com/fatawa-for-ijara-products/

http://www.ijaraloans.com/PDFs/FATWA_IN_ENGLISH.pdf

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Tags: Canada, loan

Link