House Financing Options in Canada
Question
AWW
I WOULD LIKE TO KNOW IF THERE ARE ANY HALAL HOUSE FINANCING OPTIONS IN CANADA?
JAZKALLAH
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-Salāmu ‘Alaykum Wa-Rahmatullāhi Wa-Barakātuh.
Dear Brother/Sister in Islam,
We are aware that Manzil has a Shariah-compliance Approval Letter issued by Mufti Ebrahim Desai Saheb (Rahimahullah). However, it is important to ensure that the practical implementation of the procedure is carried out in accordance to the guidelines stated in the Approval Letter. This may be verified by the Shariah Audit Committee of the said company.
And Allah Ta’ala Knows Best.
- Answered by
- Owais Siddiqui, Student Darul Iftaa, Vancouver, Canada
- Checked & approved by
- Mufti Muhammad Zakariyya Desai.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Camperdown (Madrasah In'aamiyyah) — https://iftaa.co.za/6958/house-financing-options-in-canada/
Fatawa SA: https://fatawa.co.za/fatwa/camperdown-6958