Home Ownership for Muslims (Birmingham)
“Whoever among you wakes up secure in his property, healthy in his body, and he has his food for the day, it is as if he were given the entire world.” [Tirmidhi]
What is the Islamic position today for Muslims in the UK on purchasing your own home? As the price of houses increase, the likelihood of owning your own home without some form of interest bearing loan is becoming near on impossible for the average Muslim.
Do you accept the fatwa that buying a house with a mortgage is acceptable as long as it’s your residential home?
Are Islamic mortgages a genuine halal alternative?
If they are both haram anyway isn’t it better to get a conventional mortgage because its cheaper then?
… are conventional mortgages actually haram in of themselves if you look at the contract?
Attend our 1-day seminar where we will break down the structures of conventional and Islamic mortgages, looking at the key conditions of the contracts that could make them halal or haram.
Course notes provided
Umer Suleman, Head of Governance & Shariah for Yielders, Executive Member of the UKIFC and Managing Director at 360 Risk
Shaykh Haitham Al-Haddad, Senior Scholar for the Islamic Council of Europe
Tarek El-Diwany, Islamic Finance Expert and former Bond Trader, author of the book ‘The Problem With Interest’