[Ijarah conversion product]

السؤال

As-Salamu `Alaykum. Please, read below the Ijara Canada’s home mortgage module and advice if it is permissible. Ijara’s model is Ijarah Wa Iqtina, the property is owned by a single asset trust, you are the beneficiary of the Trust and your name shows up on title. Ijara’s investors (traditional banks, insurance companies and some private investment) put their money into each individual investment. Ijarah does not borrow money and then loan it out. Your investment is protected by your ownership in the trust. As a technical point your ownership in the trust is not really ownership as there are no owners in a trust, what you have is “beneficial rights to ownership”

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2012-04-30

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• التأجير
• الملكية

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-733447

• APA
• MLA
• AMA