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Al-Rayan Bank Home Purchase Plan

Answered as per Hanafi Fiqh by IslamicPortal.co.uk

Al-Rayan Bank Home Purchase Plan

Question

Is it permissible to buy a house using the home purchase plan of Al-Rayan Bank?

بسم الله الرحمن الرحیم

Answer

We have not reviewed the Bank’s products and are therefore unable to comment on the matter. The Bank has a Shariah Board which you may wish to refer to.

Allah knows best

Yusuf Shabbir

9 Muḥarram 1443 / 18 August 2021

Approved by: Mufti Shabbir Ahmed and Mufti Muhammad Tahir

Original Source Link

This answer was collected from IslamicPortal.co.uk, which is a repository of Islamic Q&A, articles, books, and resources. Various schools write and oversee the answers, including Maulana Yusuf Shabbir, Mufti Shabbir Ahmed, and Mufti Muhammad Tahir. 

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