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Is the NewShare scheme shariah compliant?

Tag: newshare scheme

Is the NewShare scheme shariah compliant?

alqalamNovember 27, 2019January 23, 2020

Q: My local council offers this scheme, called Newham NewShare  . From the website it states: “An equity loan from us will make up the difference. The type of property you want to buy will decide what percentage of the cost you will have to fund from a mortgage and deposit. Equity loan fee When […]

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Fatawa, Mortgages and Loansequity loan, equity loan fee, newshare, newshare schemeLeave a comment
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