[Ijarah loan in Canada : 1]
Fatawa Question
Is it ok to get mortgage through www.ijaracanada.com ? Ijarah process is as below : 1. Ijarah will check the credit history and based on credit score they will determine the profit rate (rent or interest). 2. Ijarah gets the money from financial institute / bank. 3. Ijarah will create a trust to hold the property. Ijarah will be grantor and I would be beneficiary of that trust. 4. Based on profit rate portion of my monthly payments will go towards rent and rest will deduct the principal amount 38.
Fatwa
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Publication Date
2012-04-30
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-733167
American Psychological Association (APA)
Qahf, Mundhir. 2012-04-30. [Ijarah loan in Canada : 1]. .
https://search.emarefa.net/detail/BIM-733167
Modern Language Association (MLA)
Qahf, Mundhir. [Ijarah loan in Canada : 1]. 2012-04-30.
https://search.emarefa.net/detail/BIM-733167
American Medical Association (AMA)
Qahf, Mundhir. 2012-04-30. [Ijarah loan in Canada : 1].
https://search.emarefa.net/detail/BIM-733167
