Alternatives to interest home financing : buying a flat in UK

السؤال

Assalamu Alaikum. I am presently resident in the UK. I am planning to buy a flat for residence In Sha Allah. I found out that there is bank of Kuwait offering Murabahah or Ijarah system as alternatives to interest based mortgage in the UK. Because I would like to pay back my debt as soon as possible In Sha Allah, the Murabahah system is not suitable for me, but the Ijara system is. Unfortunately, the terms given by them are less favorable. Besides, I also found that they charge more, so I actually end up paying much more for borrowing the money to them, than if I took out a mortgage from one of the high street based mortgage companies. I would like to pose my question to the European council of Shari’ah, if possible please, whose previous Fatwa on mortgage I have read in the Fatwa bank. Under the circumstances, I would like to know, would it be possible for me to take out a mortgage from one of the high street mortgage companies ? Zajakumulllah. Allah Hafez

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-05-05

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الإسكان
• المباني السكنية
• التمويل
• الشراء
• المملكة المتحدة

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725383

• APA
• MLA
• AMA