Fatwa ID: 04006
Answered by: Maulana Muhammad Adnan
I would like to find out whether Ijarah, home loan products are Shariah-compliant? E.g. Amanah www.amanah.com.au.
In the name of Allah, the most Beneficent, the most Merciful
The chairman of Amanah Islamic Finance is Mufti Muhammad Imran, who is the son of Mufti Taqi Usmani( May Allah Ta’ala protect him) and the grandson of Mufti Muhammad Shafi (may Allah Ta’ala have mercy on him). The transaction process mentioned on their website complies with the Islamic transaction of wakaalah, Ijarara and wa’ad and is therefore permissible.
Only Allah Knows Best
Written by Maulana Muhammad Adnan
Checked and approved by Mufti Mohammed Tosir Miah
Darul Ifta Birmingham