The AMJA released a FATWA 8 years ago regarding these Muslim mortgage companies. While granted they were 8 years ago, after due diligence, most of the companies on the list STILL have those violations.
Everything is too muddy and nothing with the exception of Ameen Housing has any true 100% halal mortgages. I understand that this is due to the system of the west, and that these companies (in my opinion) started off with a true intention of solving this dilemma of Muslims living in the US and so on.
But till this day, I dare not even touch anything from these companies and conventional mortgages, still too risk. So whats the darned solution? Rent for the rest of my life?
Everything is too muddy and nothing with the exception of Ameen Housing has any true 100% halal mortgages. I understand that this is due to the system of the west, and that these companies (in my opinion) started off with a true intention of solving this dilemma of Muslims living in the US and so on.
But till this day, I dare not even touch anything from these companies and conventional mortgages, still too risk. So whats the darned solution? Rent for the rest of my life?