Halal Options

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Halal Options

Halal Options

@HalalOptions

가입일 Ocak 2012
319 팔로잉1.5K 팔로워
Halal Options
Halal Options@HalalOptions·
@M777TTN This analogy is okay, but, continuing with same analogy (asssuming you follow an opinion that permit eating of ducks) the duck would only be halal if it was slaughtered in accordance to shariah whilst any other duck would be haraam. In other words, the process affects the ruling
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A.M
A.M@M777TTN·
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
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A.M
A.M@M777TTN·
Are sharia complaint Islamic mortgages affected by the recent £ pound and interest rate chaos ? I decided to have a look 👀
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Halal Options
Halal Options@HalalOptions·
@M777TTN But you will buy bread from a supermarket, who probably pay riba on loans and be involved in riba other ways if they have their own finance products, yet you don't concern yourself in how they acquired the bread - but there actions are not your responsibility.
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A.M@M777TTN·
I’m no expert or a scholar but I don’t buy bread from a crackhead abusing drugs, and I don’t by mortgages from a bank abusing riba.
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Halal Options
Halal Options@HalalOptions·
@M777TTN An Islamic Bank will not not borrow money from the money markets, whilst a bank that offers one or two shariah-compliant products, might borrow money and it is this situation your earlier screenshot refers to and it will be permissible.
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A.M@M777TTN·
If you’re not following , I’ll break it down for you . Islamic banks are borrowing money using debt, interest/riba based means, then marking up their cost and selling it onto you as rent/profit Hence they are no more or less immune to the current pound and interest rate chaos
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Halal Options
Halal Options@HalalOptions·
@M777TTN You have been misinformed. There are "islamic banks" (like Al Rayan and Gatehouse Bank) and then there are banks who have a product that is shariah-compliant (like Ahli United Bank and in the past HSBC Amanah, United Bank Ltd, etc).
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Halal Options
Halal Options@HalalOptions·
@M777TTN Gatehouse Bank 'temporarily' withdrew their products well before last weeks chaos. They stopped taking new cases mid August due to huge backlogs. If you had applied for a HPP mid August, you would be currently cursing them for the delays.
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A.M
A.M@M777TTN·
Gatehouse bank is also withdrawing their sharia mortgage products . Interesting to see how sharia compliant lenders are having the same issues as the other conventional banks
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Halal Options
Halal Options@HalalOptions·
@M777TTN Sadly, @Al_RayanBank haven't had much interest in the home finance market for a while now. They have not had a decent home purchase plan offering for over 30 months now. We hope that changes soon but as it stands, it doesn't look like they will show much interest.
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A.M
A.M@M777TTN·
Al-rayan Bank have withdrawn their mortgage products. For what ever reason I’m no expert but I thought this would be a good time to capture some market share and take customers back from conventional haram mortgages
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Halal Options
Halal Options@HalalOptions·
@M777TTN If we go with this definition of a mortgage, then there is no such as a shariah-compliant "mortgage". What shariah-compliant banks offer is an alternative to a mortgage,referred to as alternative "Home Purchase Plans". They are based on co-ownership and lease agreements.
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