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Islamic Mortgages as provided by Islamic Bank of Britain

QUESTION

I would like to know if the Islamic Mortgages as provided by Islamic Bank of Britain are truly permissible as a means of funding the purchase of a house

ANSWER

In the scenario described we would advise that you speak to the Shariah board scholars of the bank and ask any questions you may have directly, as they have more information and understanding of how the bank operates on a day to day basis.

And Allah knows best.

Answered by FCB Fatwa Department