Fatwa #430705 September 2019United Kingdom
Gatehouse Bank Shariah Finance
Question
Assalam alaikum wa rahmatullahi wa barakatu.
I am wanting to purchase my first home as currently living on rent. I have more than half the amount. I would lile to use the Gatehouse bank shariah compliant finance to purchase the property.
I understand the bank has a panel of scholars who have issued fatawa stating it is halal, however can you please confirm if its halal and permissible for me to use this financing system?
Jazakallah khair. Wassalaam
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
We are unable to comment on the Shari’ah compliancy of Gatehouse Bank as we have not seen the contracts and procedures of Gatehouse Bank.
And Allah Ta’āla Knows Best
Bilal Yusuf Pandor
Student Darul Iftaa
Lusaka, Zambia
Checked and Approved by,
Mufti Ebrahim Desai.