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2
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0answers
8 views

What happens in a Murabaha mortgage when the seller defaults?

The question Why is Murabaha not considered Riba? discusses the theoretical difference between Murabaha and riba. I would like to know if there is any practical difference. To be concrete, let's talk ...
1
vote
1answer
39 views

Rent payments with redemption

Assalamu aleikum. I have a question regarding mortgage. One of our state banks provide a program for young families. You have to open a deposit account and make certain deposit payment every month ...
4
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1answer
1k views

Mortgage in Islam

I know taking loan and mortgage in haram in Islam. In UK, I am paying the amount of money as rent which I can pay as mortgage. If I pay as mortgage I will be the owner of that house after several ...
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1answer
232 views

Intention + haraam financing = halaal financing? (Sunni view)

I understand that Sunni's consider all forms of Riba to be haraam, including riba based financing such as mortgages. I also understand that Shia based scholars consider riba to be haraam, but ...
5
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1answer
2k views

Zakat Calculation : Mortgage

Mortgage Loan I've read somewhere it is better to consider the amount for Zakah which is going to be paid immediately. Whereby the people I have talked to in general say that all Zakat is deferred ...