![](/images/graphics-bg.png)
Conventional and Islamic finance of home purchase : Lariba house financing
Fatawa Question
[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
Fatwa
Click hereto view more
Publication Date
2009-03-22
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Islamic jurisprudence
- Housing
- Financing
- Purchasing
- Real property
- Commercial finance companies
- Usury
- Subprime mortgage
No. of Pages
3
Data Type
Fatawa
Language
English
Record ID
BIM-734870
American Psychological Association (APA)
Qahf, Mundhir. 2009-03-22. Conventional and Islamic finance of home purchase : Lariba house financing. .
https://search.emarefa.net/detail/BIM-734870
Modern Language Association (MLA)
Qahf, Mundhir. Conventional and Islamic finance of home purchase : Lariba house financing. 2009-03-22.
https://search.emarefa.net/detail/BIM-734870
American Medical Association (AMA)
Qahf, Mundhir. 2009-03-22. Conventional and Islamic finance of home purchase : Lariba house financing.
https://search.emarefa.net/detail/BIM-734870