What do you think of this scheme for a ‘home mortgage’?
I don’t see how anyone can run a business to make money like this based on inflation and how the banking system work, with the laws in place.
• How can you lock in the original purchase price with inflation as it is?
• If you decide to move out the property, are you still obliged to pay rent?
• Once you have the majority equity share of the property (even at 51%) do you get to dictate terms then?
• ie, can you rent it out yourself via AirBnB if you wanted to? And if not why not?
• Most importantly, where are they getting their money from to purchase the property?
I’m still of the view that mortgages are a debt trap, and I’m yet to be shown otherwise. But that doesn’t necessarily make the above program ‘Haraam’. That conclusion I haven’t come to yet.
Well, here’s the answer to the last question…where are they getting the money from. So the words here seem to be saying “give us your money & we’ll give you a yield on it via lending”.
“Helping people purchase their own home” with money can only occur via a loan…prove me wrong
URL: https://www.pfida.com/products/finance/home-finance/apply-for-halal-mortgage/ 
