Source: http://qa.muftisays.com/?7536
Question ID: #7536
 
Question: Finance for home
السلام عليكم و رحمةالله و بركاته

I am looking into buying a house and I am researching into few islamic finance providers.

In the mean time I came across this website.

I would like to have some guidance in the financial system offered by the following website.

Should a Muslim be pursuing it.

https://frontya.com.au/faqs
 
 
Answered by: Ulamaa ID 04 (London)
Date: 28/09/2022 01:01am

بسم الله الرحمن الرحيم

الجواب حامداومصليا

This does not follow the Shariah compliancy model of financing a home. One should look for Shariah compliant mortgage model with Ulamaa supervisory board.

And Allah knows best .

01 Rabiul Awwal 1444/ 27 September 2022
Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com