Fatwa #4576318 July 2020Pakistan
Is zero Morgage halal?
Question
Assalamualaykum,
Is zero Morgage halal?
JazakAllah
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Based on our last thorough review of Zero’s contracts, our submission is that they are not Shariah Compliant. For further detail, you may refer to the following links:
http://www.askimam.org/public/question_detail/37222
http://askimam.org/public/question_detail/37248
http://askimam.org/public/question_detail/43724
And Allah Ta’āla Knows Best
Mirza-Zain Baig
Student - Darul Iftaa
Montréal, Québec, Canada
Checked and Approved by,
Mufti Ebrahim Desai.