IslamQA

Home loans

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I have come to know about this company efsol.com.au they provide halal home loans. I’m sending you a link of their sample contract. They have information on their website too. Please help me. I have got pre-approval from the company for a loan. I’m waiting for your approavl. May Allah guide us the right path. Jazakallah Sample contract: https://m.box.com/shared_item/https%3A%2F%2Fapp.box.com%2Fs%2Fx5jppkdwpz…

Bismillaah

A: We do not seem to be too clear regarding the workings of the company. Hence, we advise you to refrain from this scheme.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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