Home Ownership for Muslims
“Whoever among you wakes up secure in his property, healthy in his body, and he has his food for the day, it is as if he were given the entire world.” [Tirmidhi]
What is the Islamic position today for Muslims in the UK on purchasing your own home? As the price of houses increase, the likelihood of owning your own home without some form of interest bearing loan is becoming near on impossible for the average Muslim.
Do you accept the fatwa that buying a house with a mortgage is acceptable as long as it’s your residential home?
Are Islamic mortgages a genuine halal alternative?
If they are both haram anyway, isn’t it better to get a conventional mortgage because it’s cheaper then?
… are conventional mortgages actually haram in of themselves if you look at the contract?
Take our online course where we will break down the structures of conventional and Islamic mortgages, looking at the key conditions of the contracts that could make them halal or haram.
- Pre-reading material
- Qualified scholars
- Industry experts
- Course notes provided
- Q&A session
Umer Suleman, Head of Islamic Finance for National Waqf Fund, Executive Member of the UKIFC and Managing Director of 360 Risk
Shaykh Dr Haitham Al-Haddad, Chair of Fatwa Committee, Islamic Council of Europe
Tarek El-Diwany, Islamic Finance Expert and former Bond Trader, author of the book ‘The Problem With Interest’
Shaykh Fraz Farhat, Senior Shari’ah Advisor