[Islamic home finance in America]

السؤال

As-Salam `Alaykum ! In the US we have the Islamic mortgage companies that claim their co-ownership programs to be Halal. In this program you must pay mortgage payment that is interest free, but you must also pay co-ownership fee and fair market rent. At the end of the year the IRS sends you a 1099 to claim the co-ownership fee as a tax deduction (this is the same as the deduction for regular interest gaining mortgages.) two questions please : isn't this co-ownership fee another way of earning interest (Riba) by another name ? Given the exorbitant amount of money that one has to pay per month (rent, loan payment and fees) would not that also be considered usury (Riba) as well ? Thank You !

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2008-03-12

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الإسكان
• التمويل
• بيع المرابحة
• الربا
• الرهن العقاري

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-732559

• APA
• MLA
• AMA