Buying a house in a non-Muslim country

[healthyhappywhole]

@asyaphari Everything is like normal mortgage though. You pay for the term of years. And every month you buy a bit of share of the house from gatehouse.

 

[asyaphari]

@healthyhappywhole Make some sense, as bank is the owner, Hope it's truly halal aswell.

 

[cz1611]

@asyaphari The percentage they put towards the property purchase.

 

[cz1611]

@glotgering Speak to a local mufti regarding this. There are various opinions around this.

You may want to look at WayHome as a halal way of acquiring upto 50% ownership in a property

 

[glotgering]

@cz1611 JazakAllah, I will look into this further

 

[cz1611]

@glotgering IFG has other resources as well on this

https://www.islamicfinanceguru.com/islamic-mortgages

 

[glotgering]

@cz1611 I saw this video from Practical Islamic Finance deconstructing their arguments to why IFGs stance is not entirely correct which led me further to doubts

https://www.youtube.com/watch?v=03iO4Z9ik3o&t=1344s&ab\_channel=PracticalIslamicFinance