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Buying House with Islamic Finance

Answered as per Hanafi Fiqh by Askmufti.co.za

Q: Is it permissible to buy a house via Wesbank Islamic Finance? Are there any Halaal ways of buying a house?

A. It is permissible to purchase a house via Wesbank Islamic Finance. You can also use Absa Islamic Finance or Al Barakah. They all have Shar’ee compliant packages for house finance.

Mufti Siraj Desai

This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.

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