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Can you please check out this we site and tell me if buying a house this way is halal or haram?

Answered as per Hanafi Fiqh by Qibla.com

Answered by Shaykh Abdurrahman ibn Yusuf Mangera

Can you please check out this we site and tell me if buying a house this way is halal or haram?

Answer:
In the Name of Allah, Most Gracious, Most Merciful

In the name of Allah, the Inspirer of truth.

We are still in the process of looking at the mentioned company’s model among other home buying schemes, therefore we are unable to give you any answer on this at present.

However, as mentioned in earlier posts, Guidance Financial and HSBC Amanah Home Finance have been considered to be truly Shari’a compliant by Mufti Taqi, Shaykh Yusuf Talal Delorenzo and other experts in the field http://albalagh.net/qa/0015.shtml.

Likewise, UM Financial Toronto www.UMFinancial.com is also supervised by an independent board of well known scholars of Toronto.

And Allah knows best.

Wassalam
Abdurrahman ibn Yusuf

Original Source Link

This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.

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