ZERO Mortgage - Is there a 100% Shariah Compliant HALAL mortgage in Canada

[steaky]

We need more Muslim investors to pool money and help fellow Muslims buy their homes using Musharka or Ijara contracts. Looking at the current rental rates in GTA, I am sure the investors will get a handsome rental income from those homes as a return on investment. I am seriously thinking of starting working on it next year. It's been more than a year that I moved to Canada, have a good job, the down payment and even got pre-approved for the mortgage but still unable to convince myself that it's okay to buy just one home this way.

That depends how much investors are borrowing from their mortgage banks. If the title is clear and they bought the property not early in the year, sure they get a handsome rental income from those homes as a return on investments.

 

[Ibs27]

Assalamualaikum, does anyone have a pdf contract copy of Manzil’s diminishing musharaka? I tried looking but no luck..

I am not looking for their fatwa pages, what I am looking for is the contract itself so that I can read it for myself and consult with others to make my conclusion.

 

[Nodajan]

Assalamualaikum, does anyone have a pdf contract copy of Manzil’s diminishing musharaka? I tried looking but no luck..

I am not looking for their fatwa pages, what I am looking for is the contract itself so that I can read it for myself and consult with others to make my conclusion.

Assalam alaikkum, I am currently waiting for Amjaonline.org fatwa on manzil, if things are good then inshallah will proceed. Please share if anyone else has any information about Manzil, after hearing about zero mortage it is difficult to believe anyone.

 

[Ibs27]

Walaikumassalam, please let me know when you hear back.
Did you already get pre approval with Manzil?

 

[Nodajan]

Walaikumassalam, please let me know when you hear back.
Did you already get pre approval with Manzil?

I will post here once they post their declaration. Not yet, I am in process of collecting my documents.

 

[danishshaikh]

I will post here once they post their declaration. Not yet, I am in process of collecting my documents.

Assalamu Alaikum brother,
I am also looking up at Manzil and trying to determine if they are genuinely Halal.
Will it be possible to connect ? my email is ansari.moiz18@gmail.com
Jazakallahu khayr