Conventional and Islamic finance of home purchase : buying a house on Islamic finance

Fatawa Question

Al Salam Alikom, My name is Ahmed, I am from USA. I just bought a house under Islamic law by guidance financial. They offer Islamic law mortgage (co-ownership program) I would like to ask you if this mortgage still Riba (even though I am dealing with Islamic institution) or it's Halal. Salam 3alikom

Fatwa

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Publication Date

2008-03-19

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-734659

American Psychological Association (APA)

Qahf, Mundhir. 2008-03-19. Conventional and Islamic finance of home purchase : buying a house on Islamic finance. .
https://search.emarefa.net/detail/BIM-734659

Modern Language Association (MLA)

Qahf, Mundhir. Conventional and Islamic finance of home purchase : buying a house on Islamic finance. 2008-03-19.
https://search.emarefa.net/detail/BIM-734659

American Medical Association (AMA)

Qahf, Mundhir. 2008-03-19. Conventional and Islamic finance of home purchase : buying a house on Islamic finance.
https://search.emarefa.net/detail/BIM-734659