IslamQA

mortgage

Islamic home finance

I am looking into the option of Islamic Home Finance in Canada. Currently considering 1. Aya Financial http://ayafinancial.com 2. Zero Mortgage http://www.zeromortgage.ca/ 3. IjaraCDC Halal Islamic Sharia Financing | USA Canada 4. Manzil Manzil Home I have three...

Lease option agreement

Is lease option agreement is halal. WHAT IS A LEASE OPTION? A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. It’s actually two separate agreements bundled...

Islamic finance home mortgage

Asalam-o-Alykum, I live in Sydney Australia with my wife and two kids. I am interested to buy a house, but as we know Interests is haram in Islam. But I see many muslims buy properties through bank loan and mortgage which includes interests. Is it permissible? For me...

Halal Mortgages in Canada

Assalaamu Alaikum, I just wanted to know what your opinion is with regards to the Halal mortgage products provided by Aya Financial and Zero Mortgage in Canada. Whether or not, they really are Halal and Shariah compliant? If your findings suggest that they are not...

Buying a home. (Hanbali Fiqh)

Q: Salaam Shaykh. What is your opinion on buying a home with a mortgage? There is an opinion in the Hanafi fiqh that allows this but I wanted more information on that. Jazakullah Khair.A: Wa ‘alaykum al-salam. I would advise that you work with family and friends to...

Working as an estate agent

Q. Is it haram to be a real estate agent and/or to work in that industry? A. A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and...

Performing Hajj while possessing a car loan.

Q. Can you please let me know if it is permissible to perform Hajj provided that one has saved the required funds, however one possesses a car loan and a mortgage? A. Yes, it is permissible for one to perform hajj when he has the funds to do so, even if he is paying...

A Middleman In a Property Transaction.

Q. I am a middleman in a property transaction, i.e. I am able to get hold of a property cheap because the owner is in financial difficulty and is struggling to pay the mortgage, which would be either capital re-payment or interest only and he wants to get rid of it....

Can a person invest in bonds, mortgages etc.?

Assalamu Alaikum. I would like to know what some halal investments are in T&T. Is unit trust permissible? Also gov’t bonds, corporate bonds, mortgage funds and property and equity funds. I was approached in particular by someone from maritime life about these...