Please let me know if I'm wrong, but am I correct in saying Islamic Mortgages do not allow for overpayments? Why is this? Isn't it in the buyer's interest to pay off their mortgage as soon as possible if they can make additional overpayments on top of their monthly payments?
Salaams can you do a video on what the halaal finance options are for muslims who have bad credit or a black mark such as a CCJ (debt under £500 or over) which lenders would still be willing to give you a chance. How greater the deposit amount should be a few examples etc jazakallah
Very helpful, wish it came out a year earlier when I bought my house! 😂 JazakAllah Khayr, if I have a 5 year fixed with Gatehouse, how do I refinance once its over, I thought my only option is pay the full balance, not able to remortgage elsewhere?
Could you make a video about Pfida which is an ethical fin-tech on a mission to provide everyone with equal and fair opportunities to save, invest and ultimately own a home without interest and debt.
Selamun Alejkum brother. I would like to know if those islamic mortgages are available for EU more specifically Germany? I am following you for a long time to learn about Islamic finance but any information that can be applied in germany would be appreciated.
Could you kindly make a video on how you would advise Muslims in Scotland? There seems to be absolutely no option as the companies you recommend do not operate north of the border.
Fixed rent. Variable rent. Both pegged to bank of England base rate. The entire content of this video and and the websites of the providers of so called islamic mortgages are indistinguishable from conventional mortgages. Just replace the word interest with rent. Pfida offer a truly ethical and Islamically equitable way of provisioning a home. Unfortunately, there's a waiting list as they need investor funds to purchase houses. So many well of Muslims in our community but they don't want to invest in this wholesome venture.
Some of these so-called Islamic Mortgages are a complete sham. Fixed Rental Rate and Variable Rental Rate are immediate red flags. Just replace the word with rental with interest...what's the difference?
Why you should not buy a house with a mortgage in 2023 1. Have houses prices really gone up if you adjust the house price for the real amount of inflation this is called the real house price 2 house prices went up as they were artificially stimulated 3 mortgage rates will continue to rise in an effort to curb inflation 4 many people are going to default on their mortgages when this happens many distressed homes will come on the market 5. If you go to layoffteacker you will see many blue collar employees have lost their jobs and many more will in the coming years so they will also lose their houses 6.many peoples jobs will be replaced with AI and there will be mass unemployment and again people will lose their homes 7 . If you get involved in RIBA no matter how you try to rebrand it as being halal you are waging a war against god and your grave will be filled with blood 8. Living costs will continue to rise ie food and heating and many people will default on their mortgages 9 I could say many other things but that’s enough for now 10 . Many mortgage products have been removed from the market ie HSBC’s removed their products a few weeks ago . A lack of mortgage products will force the value of houses down to a level people can buy houses at over time as many people will be unable to fund buying a house
Pls make a vid on how to set a trust , and put property in it
مَاشَآءَاللّهُ tabarak allaah just the video I was looking for
May allaah subhana wa taala reward you for sharing this knowledge.😊
Please let me know if I'm wrong, but am I correct in saying Islamic Mortgages do not allow for overpayments? Why is this? Isn't it in the buyer's interest to pay off their mortgage as soon as possible if they can make additional overpayments on top of their monthly payments?
Would appreciate this as an article version as well. Jazakallah
Salaams can you do a video on what the halaal finance options are for muslims who have bad credit or a black mark such as a CCJ (debt under £500 or over) which lenders would still be willing to give you a chance. How greater the deposit amount should be a few examples etc jazakallah
This was very useful, thank you
For Gatehouse Bank mortgage what Islamic broker firm would you recommend?
You found anything?
Are such mortgages available in USA? Could you please make a video on similar process in USA?
Very helpful, wish it came out a year earlier when I bought my house! 😂 JazakAllah Khayr, if I have a 5 year fixed with Gatehouse, how do I refinance once its over, I thought my only option is pay the full balance, not able to remortgage elsewhere?
Could you make a video about Pfida which is an ethical fin-tech on a mission to provide everyone with equal and fair opportunities to save, invest and ultimately own a home without interest and debt.
Gatehouse pay there own soliton fees? Or has this changed?
Selamun Alejkum brother. I would like to know if those islamic mortgages are available for EU more specifically Germany? I am following you for a long time to learn about Islamic finance but any information that can be applied in germany would be appreciated.
Where do I find home buyers insurance can’t see anything on the normal websites they just offer standard home insurance
Are Islamic mortgages more expensive than shared ownership, specifically Pfida (Primary Finance)?
Salaam Alaykum. Jzk ALLAH, Anyone a good trustworthy islamic mortgage broker please?
Why none of these halal options for mortgages ,partnership etc available in the United States im only seeing available in the UK
Very useful Mashallah
Salaam. For clarification is your position based on the premise that a mortgage on a second home (eg buy to let) is not permissable. Correct?
Is there a way to remortgage from conventional mortgage to islamic? Seems like purchasing is the only way
I have Traded some coins like
Kava
Render
XETA
In spot
Are They Halal ? If not Will My Capital Will also be haram or just profit would be haram ?
How is this okay in Islam if the payments change based on inflation and interest?
Could you kindly make a video on how you would advise Muslims in Scotland? There seems to be absolutely no option as the companies you recommend do not operate north of the border.
Are ISAs Halal? Can you control what assets they're invested in?
Depends what ISA it is and what platform you use. If it's a stocks and shares ISA you can choose what stocks you want to buy shares in.
Looking for Islamic mortgage in Sydney, Australia
Fixed rent. Variable rent. Both pegged to bank of England base rate.
The entire content of this video and and the websites of the providers of so called islamic mortgages are indistinguishable from conventional mortgages. Just replace the word interest with rent.
Pfida offer a truly ethical and Islamically equitable way of provisioning a home. Unfortunately, there's a waiting list as they need investor funds to purchase houses.
So many well of Muslims in our community but they don't want to invest in this wholesome venture.
*_Please avoid mortgages at all cost._*
Some of these so-called Islamic Mortgages are a complete sham.
Fixed Rental Rate and Variable Rental Rate are immediate red flags. Just replace the word with rental with interest...what's the difference?
stamp duty advice is outdated here
Don't be fooled by interest under a different name, things like rent rates , its interest under a different name. Don't be fooled.
HARAM only a fool would buy a house in this market. Your buying the titanic
thats a big ship you're buying
@@SohaibAshrafdid you not see what happened to the last people who went for a viewing
Why you should not buy a house with a mortgage in 2023
1. Have houses prices really gone up if you adjust the house price for the real amount of inflation this is called the real house price
2 house prices went up as they were artificially stimulated
3 mortgage rates will continue to rise in an effort to curb inflation
4 many people are going to default on their mortgages when this happens many distressed homes will come on the market
5. If you go to layoffteacker you will see many blue collar employees have lost their jobs and many more will in the coming years so they will also lose their houses
6.many peoples jobs will be replaced with AI and there will be mass unemployment and again people will lose their homes
7 . If you get involved in RIBA no matter how you try to rebrand it as being halal you are waging a war against god and your grave will be filled with blood
8. Living costs will continue to rise ie food and heating and many people will default on their mortgages
9 I could say many other things but that’s enough for now
10 . Many mortgage products have been removed from the market ie HSBC’s removed their products a few weeks ago .
A lack of mortgage products will force the value of houses down to a level people can buy houses at over time as many people will be unable to fund buying a house
So its haram to buy a house in this market? How about the market 5 years ago?
@@heshamthearab brother in concerns me that you need me to elaborate !