Are the products offered by Al Rayan bank Shari’ah compliant?

Q: Are the Home Purchase and Buy to let products offered by Al Rayan Shari’ah compliant? A: Al Qalam Shariah Panel have not audited Al Rayan bank’s products hence we are not able to comment on their shariah compliance. Each of the banks that offer Shari’ah compliant home purchase plans have a panel of external […]

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Is it permissible to declare false earnings?

Q: It is permissible to show false earnings to get the Islamic home finance? Also will the rental money earned from such property be halal?   A: Declaring false earning is not permissible as it is prohibited to deceive others. The prophet (peace be upon him) said: “Whoever deceived us is not one of us”. [Muslim] […]

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