Asalamu Alaykum, Dear Respected Mufti Saheb, I’d like to ask that is the buy-to-let scheme offered by gatehouse bank ( UK ) Shar’iah compliant? Here is the link to one of the product detailed description, it’s based on Diminishing Musharakah. https://gatehousebank.com/downloads/Buy-to-let-criteria-for-UK-residents-BTLCUK51218vF12.pdf JazakAllah khair
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
The details provided on the link above are not sufficient for us to issue a ruling. You may forward us their contract at admin@daruliftaa.net and we will advise accordingly.
And Allaah Ta’aala Knows Best.
Muajul I. Chowdhury
Student, Darul Iftaa
Astoria, New York, USA
Checked and Approved by,
Mufti Ebrahim Desai.