Is HSBC Amanah Finance permissible?

Is HSBC Amanah Finance permissible?

In the name of Allah, the most Beneficent, the most Merciful.

Answer

Mufti Taqi Uthmani, Shaih Nizam Al Yaqubi (Bahrain) and Dr. Al Ghairi (Saudi Arabia) have approved of the HSBC house-financing scheme. The purchasing plan is based on the Ijara principle.

Please click on the following link for a detailed answer:

http://www.daruliftabirmingham.co.uk/Trade&Business/islamic_mortgage.htm

Only Allah Knows Best

Mohammed Tosir Miah

Darul Ifta Birmingham

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