Conventional and Islamic finance of home purchase : Islamic mortgage
Fatawa Question
Assalamu Alaykum, I am looking to buy an apartment in Vancouver, Canada. I have enough cash to put a 50 % down payment from the asking price which is $ 260,000. For the rest of the 50 %, what type of mortgage would you recommend ? From what I read about "Islamic mortgages", many of them seem to be Ponzi schemes designed by non-Muslims to put wool over our eyes. So do you know any type of "Islamic mortgage" that is truly Shari’ah compliant from any known financial institution in Canada ? Please let me know because I have found one "Islamic" mortgage only to find out there was a fatwa saying it is nothing more than a Riba-based mortgage. Jazakallah Khair
Fatwa
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Publication Date
2010-08-07
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-734960
American Psychological Association (APA)
Qahf, Mundhir. 2010-08-07. Conventional and Islamic finance of home purchase : Islamic mortgage. .
https://search.emarefa.net/detail/BIM-734960
Modern Language Association (MLA)
Qahf, Mundhir. Conventional and Islamic finance of home purchase : Islamic mortgage. 2010-08-07.
https://search.emarefa.net/detail/BIM-734960
American Medical Association (AMA)
Qahf, Mundhir. 2010-08-07. Conventional and Islamic finance of home purchase : Islamic mortgage.
https://search.emarefa.net/detail/BIM-734960
