Conventional and Islamic finance of home purchase : Lariba house financing

السؤال

[Question One] Dear Prof. Kahf, This is Amr Taha of Islam on line.net's Politics in Depth section. Upon the recommendation of Mr. Wael of Shari’ah department, I would like to take your professional fatwa about Lariba's method of home financing, which they say it is completely based on Shari’ah. Actually, they are using a certain method of financing that I am not sure whether it includes interest. I would highly appreciate if you could read the following link (about Lariba's system of home financing), and send me back whether this system complies with the Shari’ah or not. http://www.lariba.com/home-financing.htm Looking forward to hearing from you. Highly appreciated, [Question Two] Dear Prof. Kahf, Thank you for your email. Kindly note that the aim of my email was not intended to have fatwa per se. I look forward to cover Lariba's home financing from a comparative perspective to the Western one (the coverage is not about religion, it is about society), and I really did not know whether their system of home financing is based on interest or not, because I think if I embark on covering Lariba's home financing method without understanding their system from a Shari'ah perspective-which I did not know-it will be not professional for me to cover something that I do not know about. I did not intend to use the Fatwa online as I just wanted it for me in order to be able to understand their system before covering it. I hope you kindly understand the aim and purpose of my email as I did not intend to have a fatwa to be published online. Looking forward to hearing from you. Highly appreciated, [Question three] Dear Prof. Kahf, Thank you for your kind and prompt reply. I very much appreciate your kind advice. Do you know some institutions in the United States that do not really use interest ? I would like to cover Islamic institutions that really use Shari’ah, but I did not know those which really respects Shari’ah. Looking forward to hearing from you. Highly appreciated, Amr

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2009-03-22

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الإسكان
• التمويل
• الشراء
• الممتلكات العقارية
• شركات التمويل التجاري
• الربا
• الرهن العقاري

عدد الصفحات

3

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-734870

• APA
• MLA
• AMA