[Rent to own house financing]

Fatawa Question

Is Ijarah to own house financing permitted in Islam or not ? The Ijarah to own people will purchase the house and then will sell it to the lessee over period of time 5-10 years. Basically the lessee will pay the installment toward the house ownership without interest, and will pay an agreeable amount of money as a rent for occupying the house. The lessee will sign a document as a promise to purchase the house at the end of the contract. This is the web site http://www.ijaracanada.com

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-733441

American Psychological Association (APA)

Qahf, Mundhir. 2012-04-30. [Rent to own house financing]. .
https://search.emarefa.net/detail/BIM-733441

Modern Language Association (MLA)

Qahf, Mundhir. [Rent to own house financing]. 2012-04-30.
https://search.emarefa.net/detail/BIM-733441

American Medical Association (AMA)

Qahf, Mundhir. 2012-04-30. [Rent to own house financing].
https://search.emarefa.net/detail/BIM-733441