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mortgage

Hanafi Fiqh

Mortgage and Divorce

Answered by Shaykh Salman Younas Question: Assalam aleykum My ex husband and I put money together to buy a house. We did a mortgage and had to put each a down-payment. We bought a house then he made the payments for the monthly mortgage.I took care of all the bills...

Hanafi Fiqh

Mortgage and Zakat.

Answered by Ustadh Tabraze Azam Question: Assalam alaykum I purchased a house with an Islamic mortgage. It was for 31 years. It was a fixed rate for 2 years after which I can pay off a larger amount. The 2 years end this summer (July/August) Inshallah. I also have an...

Hanafi Fiqh

Are House Mortgages Permissible?

Answered by Ustadh Tabraze Azam Question: Assalam alaykum Are house mortgages permissible? Answer: Wa alaikum assalam wa rahmatullah, Generally, mortgages from conventional, usurious banks are going to be impermissible as they stipulate the kind of increase in a loan...

Hanafi Fiqh

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...

Hanafi Fiqh

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...

Hanafi Fiqh

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...