Fatwa #3104010 November 2014Australia

Buying a house with ICFAL

Answered by Muhammad Haris SiddiquiChecked by Mufti Ebrahim Desai

Question

I hope that you are doing well. I was wondering whether you can have a look at the link below about Islamic mortgage from ICFAL, Sydney, Australia, and let me know whether it is halal or not. Thanks.

http://www.icfal.com.au/images/how%20icfal%20ser%20property%20finance%20works_march%2012.pdf

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In order for us to comment on the Shari’ah Compliancy of the scheme in reference, we require the actual contract.

If you have a copy of the contract for the scheme in reference, you may forward it to: admin@daruliftaa.net.

And Allah Ta’āla Knows Best

Muhammad Haris Siddiqui

Student Darul Iftaa
Melbourne, Australia

Checked and Approved by,
Mufti Ebrahim Desai.

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