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Darul Iftaa Mahmudiyyah

Is zero Morgage halal?

18 Jul 2020 · 27 Dhuʻl-Qiʻdah 1441 AH1 min readFatwa 45763English

Question

Assalamualaykum,

Is zero Morgage halal?

JazakAllah

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Based on our last thorough review of Zero’s contracts, our submission is that they are not Shariah Compliant. For further detail, you may refer to the following links:

http://www.askimam.org/public/question_detail/37222

http://askimam.org/public/question_detail/37248

http://askimam.org/public/question_detail/43724

And Allah Ta’āla Knows Best

Mirza-Zain Baig

Student - Darul Iftaa

Montréal, Québec, Canada

Checked and Approved by,

Mufti Ebrahim Desai.

Answered by: Mirza-Zain Baig
Checked & approved by: Mufti Ebrahim Desai

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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/45763
Fatawa SA: https://fatawa.co.za/fatwa/askimam-45763