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Mortgage with Devon Bank UIF and Guidance

Answered as per Hanafi Fiqh by ShariahBoard.org

Assalamualaikum,

Does Devon Bank residential mortgage follow shariah guidelines? What about UIF (University Islamic Financial) or Guidance or La Riba? Do they follow shariah guidelines?
Please let me know if you have any other recommendations.
Jazakallah Khair,

 

Mortgage with Devon Bank UIF and Guidance

الجواب وبالله التوفيق

The services provided by Devon bank’s Islamic loan department are in accordance with the Shar‘ai methods reviewed by the Shariah Board of America. We do not have any knowledge of the inner workings of the rest of the businesses you have mentioned in your question.

واللہ اعلم  بالصواب

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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