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Is the following institution shariah compliant?

Answered according to Hanafi Fiqh by Askimam.org

I am planning to study in london, and the way i am going to pay my tuition fees and other expenses over there is that i am keeping my house mortgage, the institution i am keeping my house mortgage claims to be shariah compliant.

i have friends in london they will be able to arrange for a partime job for me through which i would be able to earn enough to pay back the loan and bear my expenses in london.

below are the links for the company i am planning to take loan from.

http://www.hbfcl.com/index.html

Answer

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

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

In order to comment on the Shariah compliancy of the institution in reference you may forward us a copy of their contract. 

And Allah Ta’āla Knows Best

Mawlana Mohammed Patel,
Student Darul Iftaa
Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

 

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

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