Buying a house with ICFAL
Question
I hope that you are doing well. I was wondering whether you can have a look at the link below about Islamic mortgage from ICFAL, Sydney, Australia, and let me know whether it is halal or not. Thanks.
http://www.icfal.com.au/images/how icfal ser property finance works_march 12.pdf
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In order for us to comment on the Shari’ah Compliancy of the scheme in reference, we require the actual contract.
If you have a copy of the contract for the scheme in reference, you may forward it to: admin@daruliftaa.net.
And Allah Ta’āla Knows Best
Muhammad Haris Siddiqui
Student Darul Iftaa
Melbourne, Australia
Checked and Approved by,
Mufti Ebrahim Desai.
- Answered by
- Muhammad Haris Siddiqui
- Checked & approved by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.