I am 42 with 3 daughters and still renting. It's people's choice at the end of the day. I have saved deposit and inshaallah will be buying property soon with Pfida. Having said that Pdifa is not cheap as compared to conventional mortgages however, my opion is you are then comparing chicken with pork.
Salam! We at Pfida have products that are price competitive with conventional banks and cheaper than Islamic banks, despite not having the economies of scale of the large banks. We set up Pfida to increase financial inclusion, especially for Muslims who are often financially excluded. You don’t need to be poor to be financially excluded. Insha’allah as we continue to scale, we hope to help more people have access to ethical, fairer home finance.
"You need to work on communicating more effectively with your clients. Additionally, make sure to inform them of the expected timeline from when they become eligible until they can move into the house. Currently, it takes approximately 5-6 months from the date of eligibility to finalize the process and it never been mentioned in any webinars nor ur website.” It will not discourage us but it will help us in our planning. It worth mentioning that I am one of ur clients and I have DTP and trying to find the house and I hope I can will change my feelings and experience and not to he disappointed as till now.
Salam, thanks for your feedback. We reach out to our customers when it is their turn on the waiting list. Once they have found a home, we commence with the normal conveyancing process. While we aim to complete the conveyancing process as soon as practicable, the time taken can vary and is typically five months or more. This is the case not just with us, but most Islamic and non-Islamic banks. We inform customers of this expected timeline when we provide our Decision in Principle to them.. You can find out more about timeframes for each part of the process on our website: www.pfida.com/products/finance/home-finance/apply-for-home-finance/
Decent conversation but feel like they avoided controversial questions such as " I've got a wife and 2 kids , and don't want to rent for the rest of my life , can I take out a so called halal mortgage"… would have loved to hear individual answers , so there would have been a debate instead of playing it safe with easy questions
Thanks for this comment. Saved me 43 min. This is exactly my situation and was hoping this or something along those lines was discussed but it seems more generic - so, thanks for saving me time.
16 днів тому
they will say it is haram unless they are getting paid for it. If they are getting paid for it then they will say it is halal
Thanks for tuning in Hamid - we appreciate your comments and feedback! We do regularly address these questions at many of the events we do at masjids up and down the country. Will certainly bear these questions in mind at our next scholars panel event.
Wow a Very Healthy Discussion and something I would love to see more of InshaaAllah. A topic me and my friends often debate, I hope actions are being taken and that these are not just words. The Ummah is lacking, a large reason is because of lack of wealth and confusion. Personally I would love to see more support in helping set up muslim businesses. We barely have Halal student finance, I believe its coming into practice next year in uk, my sister decided against going to university due to non halal finance available at her university. Furthermore the reason we struggle with mortgages is because the islamic mortgages are unable to keep up with mainstream mortgages, thus not sustainable for the average muslim in UK. We have experiences of friends and family using islamic mortgages but are paying upto 25% more than mainstream ones. If you truly want to help the Ummah, make it of great value, with transparency and clarity. May Allah reward you all for your efforts. May Allah guide us all and strengthen the Ummah. Ameen
Great points. We really need to fix this quickly and efficiently! I believe the Malaysian economy is completely based on Islamic banking and finance and are in fact world leading. It may be useful to the panel to incorporate some experts from Malaysia InshaaAllah.
I am not a Scholar, but I don't think you can "lend" unsecured money in a Sharia compliant way when it comes to doing business in this sector. Lending from what I have read is an act of charity in Islam and not an act of trade. Risks and Rewards for unsecured non asset backed lending can never be equal, one side always has more power then the other.
Pfida team, I have a question for you. I know pfida is a middle man so could you please disclose more information on the other company who actually buys the property. Also. Why there is a double stamp duty on first house?
@@Amro-elbosaty Pfida and the investors who have savings accounts.... not just Pfida. Majority of the money is the savings account holders, Pfida is not a Bank. You can check the companies house and read their T&C.
Peace! We at Pfida are not a middle man and we only provide our own products to customers. We do ring-fence our properties in a different special purpose company so that we can keep it separate from the operational risks of our parent company. Regarding stamp duty land lax, you can find out more about how this works on our FAQs page at: How is my Stamp Duty Land Tax (SDLT) calculated? | Help (pfida.com)
Even halal mortgages words are substituted around. The only concern for me is shared ownership model - how much say do you have to remodel property etc. and if you want to sell it quickly because you are moving because of job etc...how much red tape is involved?
Peace! We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt. You can check out our FAQs page on our website to learn more about remodeling the property: help.pfida.com/en/articles/8185015-what-works-can-i-carry-out-to-the-property-once-i-move-in If you choose to move home during the term of your contract, we have several options. We can offer the home to one of our other customers who can replace you in the property. While this is not guaranteed and would depend on another customer wanting your specific property, this would save on the costs of selling it. Alternatively, we would sell the property and any profits from the sale would be distributed between us according to our shares on the date of sale. Where we also finance your onward purchase, our policy is to gift to you half of our share of the profit from the sale towards your deposit on the new property. Our values are to help people into home ownership in an affordable way and that’s what we’ve embedded into our products 🙌🏻
Great!! Reduce background noise Next vid more than an hour - So amazing to see that level of knowledge and discussion. Wish it was in a more relaxed setting, like an emirati style khahwa and floor seating and discussion
35 minutes in (not finished, so maybe discussed later) but the elephant in the room is also the cost of these islamic home finance products. Rates are usually higher as are deposits. Average house price in June was £288k, 20% deposit is £57,000. For FTB these figures arent attainable
Rates are not better its a standard supply and demand issue.. conventional banks have x amount of customers so they can offer better rates .. the halal products are new .. smaller customer base and one of the reason not all why the products have more restriction and more expensive
Peace! Thanks for tapping in, we're glad you enjoyed the discussion. You may also find our Q&A webinar informational: ua-cam.com/video/j4hTklsABWs/v-deo.html
It would be nice to compare Stride-up, Pfida, Wayhome, Gateway and other offerings. Compare Izara, Murabaha, Musharaka, Mudharaba etc and other models and how these offerings meet the halaal criteria, as implemented in these plans.
The other thing is banks are allowed to counterfeit money and loan you that counterfeited money and they charge you 100% interest on it in the course of 30 year mortgage so if a house is 200,000 by the end of 30 years, you will be paying 400,000
May ALLAH grant these efforts success. We really not to start buying and owning properties otherwise we are doomed. The ant property interpretation of Islam is causing big problems to the ummah. Bringing many scholars will never yield results. We need problem solvers not people who are very keen to make everything haram without weighing the short coming and long term fitna.it’s becoming very difficult to start and sustain families without homes. Families are breaking down .
Time stamp 30.32 sheyuk makea a relevant point and in addition because capatliam push individualism instead of collectivsm we think on our own instead of family commujity etc to generate wealth we have become so consumed by our own greed..
If I get fixed mortgage under conventional mortgage is it haram? Ribs means ' to increase'. Fixed mortgage is not increasing just like islamic mortgage sells on profit. May be stupid question. I am not outlining the risk part herr as i dont have knowledge on it.
Just read on the website that there is a 5yr waiting list. So even this is out of reach of most people. Nobody knows whats going to happen tomorrow let alone in 5yrs time. This is why most people go down the mortgage route as they have no other suitable option.
Halal mortgages seem to be only for those who can afford it; otherwise, it’s not an option. They only look for clients who have at least 50% of the mortgage amount ready or who have significant financial standing.
Salam! We hear you, we feel the same. You're probably talking about Islamic banks in the UK whose products are still debt-based. We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt, enabling people with a realistic chance to own their homes in an ethical, halal way. If you're interested to learn more, you can watch our UA-cam Q&A webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html
Salam! We’re proud to say our products have been reviewed and certified by Sheikh Haitham Al-Haddad and the Islamic Council of Europe. You can view our certificates on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant
Do you know how a mortgage was applied in the prophets time? How people built houses? If you know explain. Don't give this that you can rent blah blah. If I tell you to go to Africa and build a house where it will be very cheap will you go?
Interest of community ... of course they all want houses .. of course they all want new cars .. THIS IS THE DEEN OF ALLAH .. it is about Quran and Sunnah...
Salam, thanks for tuning in and for your suggestion! The scholars on the panel belonged to diverse backgrounds and schools of thought and each brought a different angle and perspective to the topic. This was the first panel discussion and digging deeper into some of the issues requires more time and further sessions. We are certainly looking to do more of these events and bring together scholars from an even wider spectrum of views.
@@pfidafinance Thanks, the current panel are far too homohenous in their opinions and methodology for this to be considered a scholarly discussion. We need to see what the other side have to say too to see a proper discussion exercising their Usul and reasoning.
Salam! Two of the scholars on the panel are actually on the Shariah board which certifies our products. You can check out Pfida’s sharia compliance certification on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant If you’re interested to learn more about how our products follow Islamic finance principles on our UA-cam webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html - timestamp: 0:04:10
The way to solve difference of opinions is to have the scholars read the texts togather line by line and agree on meaning of every single verse, hadeeth and opinion. The education system from foundation is built upin division and that leads to divergence. Remember before the Saydis took over, the division was so severe that even in Kabba Harram the 5 schools wouldn't pray behind each other and had 5 simultaneously runing prayers lol 😂
Bro respect for the panel but I hope u can take my advice not to steer the panel with such specific questions and limit the discussion so much I would have enjoyed a more natural flowing discussion between the shuyook with a list of 5-10 questions that everyone is working together to answer. The shuyook are already experts are managing forums and conversations I don't think they need so much moderating
I reverted 1 year ago Alhamdulillah. I am stuck on this subject as I took a mortgage out in 2020 and I have a family to support. Some brothers told me to sell the house and rent. I don’t want to do this as I’d be just essentially paying a landlord who has taken out his own mortgage. It’s a tough one, brothers I am open to any advice/suggestions
I followed the view that as long the debt is on my one and only residential house, and I have the view to pay it off ASAP, then it's the lesser of two evils. If you sell and rent, you will, on a balance of probability never get on the property ladder. RIBA is extremely serious, this we all agree. But if you are disciplined and plan your exit out of the mortgage you will better off than, simply making a clean cut and selling your house. Over pay on your mortgage, most allow 10% a year, work overtime etc, skip holidays so you can save to clear the debt, look into offset mortgages, when the time is right maybe downsize and move to cheaper house , clear the debt then move up again without a mortgage Lots of options are available brother , you seem to have good intentions and i genuinely believe selling your only safety net may do more harm than good, pray for forgiveness in each salah and make effort to help your family. Allah SWT is the most forgiving and knows ours situations ,i hope you are free of this burden soon. Ameen.
The most important thing is to find a mufti / scholar you trust and perhaps seek their advice. Seeking random answers in the comment section of youtube probably is not a great idea.
All these banks work on the basis of Fractional Reserves, did the scholars understand that before saying these mortgages are halal? You are trying to derive a halal product from a source of great riba haraam..We need loans but from institutions that are free from Western monetary systems.
Another way is u can use the Big Central mosques in the uk HAVE MILLIONS IN THE BANK. The mosque is for the community they should have some form of no interest loan as its a mosque and not a business and to help the community and help candidates that can access normally a haram mortgagesl they should be turning to mosques and asking them. What good is millions in bank wen u supposed to help community. They should stop buying massive stupid chandelier and expensive lavish fit outs. Make it fit for the community
There should be a group of scholars that get together that show you the exact model which is halal. Then tell the finance institutions and the ones that want to start these mortgage companies to follow the model. The model should obviously take into consideration, the countries laws, regulations that you will have to be bound by. Ask the questions, where should the source of the money come from (talking about the banks). There should not be some hidden place where they are involved in getting money from some Riba based bank and just passing that money on to the customer to buy houses because this is just then a false contract IMO. This is what everyone complains about (rewording). It seems that there is not one solution out there. Maybe the only one is. Buy cheap. But with interest causing house prices to go up, market crashes and inclusive of inflation we are screwed every year. Maybe we should buy £30K sheds to live in. But you know how it is. We will get laughed at.
Well said. The worlds banking system is all riba based on fractional reserves. Even the halal mortgages create new money merely by creating debt. Scholars signing these off has halal did not understand this.
This is a problem we are finding. All the scholars who are specialised in Islamic finance need to sit together on one table and openly discuss and come to conclusion that this Islamic product is halal and this is not. It is not that difficult, they just need to go over the contracts and explain why this product is not sharia compliance. This will help the whole Muslim community in the UK.
Nothing wrong with a 30k house. Better than living in a 300k one and disobeying your lord. Muslims should get together and offer each other loans. Plenty of us to do this, but probably will never happen due to our greed and competition with each other rather than helping.
@@ali-nj4fx Nothing wrong with a 30k house just saying you know how some cultures are they laugh not that I care. But they're ain't a cheap one like that.
@@ozhoneybadger probably not anymore. Those 30k houses are more like 60k nowadays in cheaper parts of the country. The good things about those houses are that they are in predominantly Muslim communities so there is a positive side to it.
Why are there participants who are not qualified to speak on islamic finance, British finance, British law. Inviting a shaykh , Imam expert in another field doesnt do justice
It would've been much more fruitful if you asked these "scholars" on why they or they're Shuyookh have not been able to come up with socio-politico-economic system alternative to Capitalism, Socialism or Marxism. Instead of fixing the real issue they just keep finding loopholes within Islam to tweek things. Why don't they address the real issues on how the laws of production, distribution of wealth and creation of wealth work in Islam. Moreover, Islam is supposed to bring ease in the society, instead everything that Islam touches in modern age becomes more and more expensive.
Ease in society? Where was the ease in the early Makkan and medinan societies that were trying to set up an alternative system of life? You treat scholars with disrespect, want them to create alternative systems, and want everything to be easy...are you okay?
@@HAltaf96 There was ease in society and I can point out to you the exact books that talk about the Islamic monetary system in depth though they are written in Urdu. I am not treating scholars with disrespect. I am raising genuine questions which no one seems to have to answer to. How do the laws of production, distribution of wealth and creation of wealth work in Islam.? That's the problem. Why is it that we are happy with what Adam Smith has proposed and we live in the predatory system. Isn't it the responsibility of the scholars to at least elucidate the people on Islam's commentry on the modern social, political and economic system that we're in?
I thought you gonna discuss pfida model and let the scholars in the room will cross question it. But you presented pfida model as the absolute Islamic model which may be right but people don’t know and want to hear from the panel to confirm it is Islamic.
Salam! We’re proud to say our products have been reviewed and certified by Sheikh Haitham Al-Haddad and the Islamic Council of Europe. You can view our certificates on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant
The biggest problem lies when so called scholars living in the west claim you need scholars in the west to give fatwa related to people living in the west. In the time of Prophet peace be upon him people won’t live or settle in the land of kuffar. So if its a proper Aalim he won’t live there. Not disrespecting sheikh haitam or any other here. Just trying to make a point
No one can seem to me answer this one question. How does Pfida as a business make a profit if they are not charging interest? Renaming interest with rent doesn't seem all that halal.
My brother bought the house through pfida and as far as I know they are the middle man. There is another organisation who actually provides all the fundings hence the stamp duty is double on the first home purchase. Pfida makes profit may be through the rental percentage.
Salam Akhi, whether you go with Pfida or not, an individual will always be paying rent anyway. For example, I have been paying rent to my landlords for years. Unless you go with a mortgage which isn’t permissible.
@@familyrehman646 From my understanding is the other organisation just an entity in which normal people have invested into the origination through pfida's saving product.
If ur thinking of watching this it's mostly not very useful information and no questions for the ummah are actually answered. They didn't go into detail even about the pfida product or any details about what's wrong with the other mortgage products.
Peace! We think you may find our Q&A webinar useful. You can learn more about how Pfida is based on Islamic finance principles at: ua-cam.com/video/j4hTklsABWs/v-deo.htmlfeature=shared
It actually very good product in terms of monthly payments it works out cheaper then current products. Only issues I see 1) very long waiting list 2) the double stamp duty payment
@@familyrehman646 I disagree with the comparison. Your comparing two different ways of funding a house. These are apple and pears. Gatehouse and Alryan receive their funding from "Depositors" who are protected through the DPS. This means that the amount of money they have put as savings are 100% secured and will take Zero risk. The Pfida product savings account is not a "deposit" but an "investment". The Investor shares 100% of the burden rather then the depositor who takes zero risk. Rent is normally higher then borrowing money on a mortgage. These shared schemes you are renting rather then borrowing. That is why it is more expensive from a high level point of view. You cant compare them as they are not the same thing.
Leading Islamic scholars? No disrespect but according to who? Yes, some are well known but to say they are leading Islamic scholars is a bit of a stretch. I cant help but notice that all these scholars are of a certain background and this was a plug for pfida. Sh Salman is effectively saying that scholars like Mufti Taqi Uthmani and Sh Nizam Yaquby have given fatawa based on the wrong facts. That is pretty disrespectful for him to say.
If you bothered to continue listening or look into what Pfida offer, it is not an Islamic 'mortgage', but rather a home acquiring scheme. There is no debt, and no obligation to 'buy' the property, but you can do by paying additional capital over the rent. The capital you end up paying is the original purchase price.
Peace! We set up the Pfida home purchase product to provide a realistic chance for people to own their home in an ethical, halal way. If you are interested to learn more about how Pfida is a genuine Islamic alternative, you can check out our Q&A webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html
Riba means ' to increase'. If I buy fixed mortgage is it haram. It's just like profit in Islamic mortgage. And you know what selling a house of market price 100k at 150k saying a profit is itself a scam. You can't sell an item more than market price unless you do any value addition to it.
WHERE DOES PFIDA GETS THE MONEY! .. Why do we need to sign two contracts? why do we sign for 5 years and renewable? these SO CALLED halal mortgages are AS HARAAM .. as mainstream ..
Peace! We have an investment savings account that helps to grow-your-savings whilst helping others own a home. You can watch our Q&A webinar to learn more about how the Pfida product is based on Islamic finance principles: ua-cam.com/video/j4hTklsABWs/v-deo.html
To help avoid confusion, it was mentioned that the opinion of the majority of scholars should be taken rather than individual scholars. I respectfully disagree. The strongest opinion should be followed, even if it is a minority opinion. Islam forbids following the majority if they veer from the truth. Furthermore, far too many sincere scholars are currently silenced, being tortured, imprisoned, or killed. Therefore these scholars don't represent all opinions.
What you are saying is somewhat right. However, in terms of advanced matters or complex matters, laypeople should follow experts in those matters - if the majority agree on the matter then it is sufficient for laypeople to follow this. Even though the majority is not always the rule it does have valid weight for lay people to follow. Allah (swt) indeed said in the Qur'an NOT to follow the majority of mankind in the Qur'an (those who follow whims and desires). However, He did NOT prohibit following the majority of the scholars or people of knowledge who are experts in specific areas, in fact, the Almighty stated to ask people of knowledge or remembrance. In most cases (not all) the majority of scholars will have a strengthening view. Because you are taking the strongest view according to the majority of the experts who deem what is the most appropriate based on text and context.
@@faysalahmed9157 Thanks, I fully respect sincere scholars. There is a hadith stating they are the inheritors of the prophets. However our beloved Prophet (saw) also warned that, for this reason, scholars can lead the ummah astray. We must be aware that those who are currently being promoted and given airtime are at the expense of those who are considered to have unpalatable views by the West and our secular muslim regimes.
Truth is not always nor necessarily with the majority . Whoever has the evidence is upon the truth , even if he is on his own. As for sincere Scholars are imprisoned? If they were sincere toward Allah and His Messenger sallal lahu alaihi wa sallam , to the deen and to the community Ummah, they would not oppose their ruler. Rather if able advice in private and or face to face. Though some may have been imprisoned unjustly
@@AbuMoosaa Accounting the ruler is part of Islam. The response is not to disappear the person. Admitting that 'some may have been imprisoned unjustly' is an understatement.
@AbuHamzaAlKashmiri is it you and me that accounts the ruler for his actions? What does the Quran and ahadeeth say. What did Allah and His Messenger sallal lahu alaihi wa sallam say in how to deal, interact and communicate with the ruler , especially when we see evil from him? What did the Sahaba do? How did they and the Imams of the Sunnah , past and present address the ruler??? Correcting the Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/correcting-the-rulers-according-to-the-sunnah-and-manhajus-salaf/ Dealing with the Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/dealing-with-the-rulers/ Blame the Ruler or blame ourselves? beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/blame-ourselves-or-blame-the-rulers/ If I had one supplication that will be answered....Dua for Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/01/26/dua-for-rulers/ The Real Khilafah lasted 30 years.... beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/the-real-khilaafah-lasted-30-years/ Ruling by other than the Laws of Allah beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/ruling-by-other-than-the-law-of-allaah/ Kufr of the one who rules by man-made law beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/kufr-of-one-who-rules-according-to-other-than-what-allaah-revealed/
Mortgage is haraam 1st or 2nd- we just want to stay in the land of shytaan. And we will pay amy price for that even if it means bending the laws of Allah. Shame on us we are pathetic.
Peace! The Pfida model is completely based on a partnership model and is not a mortgage product. We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt. You can learn more about how our products are based on Islamic finance principles through our UA-cam Q&A webinar, timestamp 0:04:10 - ua-cam.com/video/j4hTklsABWs/v-deo.html
Easy solution for muslims: Work togather to build your own apartment complexes, dont waste your money on fancy musjids, spend zakat locally (help pay each others debts and rent), use IUD contraception to avoid overpopulation, both spouces focus on careers, live simple lives, dont waste money on multiple Hajjs or Umrahs, focus on STEM fields not service jobs, save money, keep options open abroad, never get lazy, too comfortable or arrogant.
Contraception... Overpopulation? Looks like you're still stuck with Malthusian times. There is under population across the world specifically in Western countries and some of the solutions you give are the direct catalysts for this global issue
@@normskyyanwell4872 how about you swap places with someone from a densely populating city like Deli, Wuhan or Rio and see how you like rubbing up agaist people on the bus.
@@HAltaf96 not STEM field only but not service jobs only. Whats wrong with STEM? Where is the Boeing or Airbus of the muslim world? Where is the Lockheed Martin and Cyberdyne weapons manufacturer of the muslim world? How many nuclear Muslim countries? Look at N korea and iran vs Palestine and Lebanon. Enemies will crush you without STEM powered defences.
I am 37 in the UK Always had issues with work on and off. Not married. Easiest option is to take a normal mortgage. Can't get married because I can't live with my brother there. Very hard. What can we do. Need a bigger deposit. Need to move far.
They are not going to answer the problems with pfida. Aka if you already have a house you are basically screewed. Unless you can get it on buy to let them not to mention you will also be paying effectively rent plus an additional plus another additional for a small buyback. The best work around I've seen so far is getting a family member to go on the waiting list and then selling the house to them.
Your message was incoherent and didn't make sense. I believe what you're trying to say is important, but many people will not understand your message. So can you please explain again what is the issue with Pfida?
@@JustAnotherRandomNPC The pfida product or similar products by some fintechs throughout the world is not a Islamic Banking Product that uses Murabaha, but rather its an implementation of Diminishing Musharakah; when two people buy a house together and one of them is living, the one living must reward the one thats not making use of the property with rent. This is the entire model. You can also buy as much equity as you want thus lowering the rent you pay, until you fully own the house.
I am 42 with 3 daughters and still renting. It's people's choice at the end of the day. I have saved deposit and inshaallah will be buying property soon with Pfida. Having said that Pdifa is not cheap as compared to conventional mortgages however, my opion is you are then comparing chicken with pork.
Salam! We at Pfida have products that are price competitive with conventional banks and cheaper than Islamic banks, despite not having the economies of scale of the large banks. We set up Pfida to increase financial inclusion, especially for Muslims who are often financially excluded. You don’t need to be poor to be financially excluded.
Insha’allah as we continue to scale, we hope to help more people have access to ethical, fairer home finance.
I think we need to get started with whatever product we can get, perfection will come later with resources and knowledge
"You need to work on communicating more effectively with your clients. Additionally, make sure to inform them of the expected timeline from when they become eligible until they can move into the house. Currently, it takes approximately 5-6 months from the date of eligibility to finalize the process and it never been mentioned in any webinars nor ur website.” It will not discourage us but it will help us in our planning.
It worth mentioning that I am one of ur clients and I have DTP and trying to find the house and I hope I can will change my feelings and experience and not to he disappointed as till now.
Salam, thanks for your feedback. We reach out to our customers when it is their turn on the waiting list. Once they have found a home, we commence with the normal conveyancing process.
While we aim to complete the conveyancing process as soon as practicable, the time taken can vary and is typically five months or more. This is the case not just with us, but most Islamic and non-Islamic banks.
We inform customers of this expected timeline when we provide our Decision in Principle to them.. You can find out more about timeframes for each part of the process on our website: www.pfida.com/products/finance/home-finance/apply-for-home-finance/
Appricaite Pfida for trying - Don't know much about it but defo interested to hear more about it. Great topic in the right direction.
SHEIK HAITHAM IS SPOT ON!!! MASHAALLAH...
Decent conversation but feel like they avoided controversial questions such as " I've got a wife and 2 kids , and don't want to rent for the rest of my life , can I take out a so called halal mortgage"… would have loved to hear individual answers , so there would have been a debate instead of playing it safe with easy questions
Thanks for this comment. Saved me 43 min. This is exactly my situation and was hoping this or something along those lines was discussed but it seems more generic - so, thanks for saving me time.
they will say it is haram unless they are getting paid for it. If they are getting paid for it then they will say it is halal
Thanks for tuning in Hamid - we appreciate your comments and feedback! We do regularly address these questions at many of the events we do at masjids up and down the country. Will certainly bear these questions in mind at our next scholars panel event.
Hello! You may find our Home purchase product Q&A webinar useful: ua-cam.com/video/j4hTklsABWs/v-deo.htmlsi=AH-RGSywFgP76sVx
Wow a Very Healthy Discussion and something I would love to see more of InshaaAllah. A topic me and my friends often debate, I hope actions are being taken and that these are not just words. The Ummah is lacking, a large reason is because of lack of wealth and confusion. Personally I would love to see more support in helping set up muslim businesses. We barely have Halal student finance, I believe its coming into practice next year in uk, my sister decided against going to university due to non halal finance available at her university. Furthermore the reason we struggle with mortgages is because the islamic mortgages are unable to keep up with mainstream mortgages, thus not sustainable for the average muslim in UK. We have experiences of friends and family using islamic mortgages but are paying upto 25% more than mainstream ones. If you truly want to help the Ummah, make it of great value, with transparency and clarity. May Allah reward you all for your efforts. May Allah guide us all and strengthen the Ummah. Ameen
Great points. We really need to fix this quickly and efficiently! I believe the Malaysian economy is completely based on Islamic banking and finance and are in fact world leading. It may be useful to the panel to incorporate some experts from Malaysia InshaaAllah.
I am not a Scholar, but I don't think you can "lend" unsecured money in a Sharia compliant way when it comes to doing business in this sector. Lending from what I have read is an act of charity in Islam and not an act of trade. Risks and Rewards for unsecured non asset backed lending can never be equal, one side always has more power then the other.
Pfida team, I have a question for you. I know pfida is a middle man so could you please disclose more information on the other company who actually buys the property.
Also. Why there is a double stamp duty on first house?
Pfida owns the property. So they become holders of the property jointly with you.
@@Amro-elbosaty Pfida and the investors who have savings accounts.... not just Pfida. Majority of the money is the savings account holders, Pfida is not a Bank. You can check the companies house and read their T&C.
Peace! We at Pfida are not a middle man and we only provide our own products to customers. We do ring-fence our properties in a different special purpose company so that we can keep it separate from the operational risks of our parent company.
Regarding stamp duty land lax, you can find out more about how this works on our FAQs page at: How is my Stamp Duty Land Tax (SDLT) calculated? | Help (pfida.com)
Even halal mortgages words are substituted around. The only concern for me is shared ownership model - how much say do you have to remodel property etc. and if you want to sell it quickly because you are moving because of job etc...how much red tape is involved?
Peace! We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt.
You can check out our FAQs page on our website to learn more about remodeling the property: help.pfida.com/en/articles/8185015-what-works-can-i-carry-out-to-the-property-once-i-move-in
If you choose to move home during the term of your contract, we have several options.
We can offer the home to one of our other customers who can replace you in the property. While this is not guaranteed and would depend on another customer wanting your specific property, this would save on the costs of selling it.
Alternatively, we would sell the property and any profits from the sale would be distributed between us according to our shares on the date of sale. Where we also finance your onward purchase, our policy is to gift to you half of our share of the profit from the sale towards your deposit on the new property.
Our values are to help people into home ownership in an affordable way and that’s what we’ve embedded into our products 🙌🏻
Great!! Reduce background noise
Next vid more than an hour -
So amazing to see that level of knowledge and discussion. Wish it was in a more relaxed setting, like an emirati style khahwa and floor seating and discussion
what do you see as knowledge hear? Finding a qiblah IS NOT Mortgage .. they are not comparing oranges .. ALLAH HAS DECLARED WAR ON RIBAH .. Period!
35 minutes in (not finished, so maybe discussed later) but the elephant in the room is also the cost of these islamic home finance products. Rates are usually higher as are deposits. Average house price in June was £288k, 20% deposit is £57,000. For FTB these figures arent attainable
Actually the rates are far better compared to conventional mortgages.
@@Amro-elbosatyno they not
They're not designed to actually help the average Muslim. But many Sheyukh will push these products.
@familyrehman646 Yes they are. How much would you be required to pay on a £160,000 mortgage?
Rates are not better its a standard supply and demand issue.. conventional banks have x amount of customers so they can offer better rates .. the halal products are new .. smaller customer base and one of the reason not all why the products have more restriction and more expensive
Eagerly waiting
Allah bless 🎉you and all Muslim you doing good work mashallah ❤❤❤❤❤❤❤❤❤❤❤😂😂🎉🎉🎉
Do you use fractional reserve banking?
Enjoyed the diversity of the panel very much but I think it could have been a more in depth discussion especially for a complicated issue as finance
Peace! Thanks for tapping in, we're glad you enjoyed the discussion. You may also find our Q&A webinar informational: ua-cam.com/video/j4hTklsABWs/v-deo.html
It would be nice to compare Stride-up, Pfida, Wayhome, Gateway and other offerings. Compare Izara, Murabaha, Musharaka, Mudharaba etc and other models and how these offerings meet the halaal criteria, as implemented in these plans.
Peace! Thanks for the feedback, we think you might find our Q&A webinar useful: ua-cam.com/video/j4hTklsABWs/v-deo.html
The other thing is banks are allowed to counterfeit money and loan you that counterfeited money and they charge you 100% interest on it in the course of 30 year mortgage so if a house is 200,000 by the end of 30 years, you will be paying 400,000
May ALLAH grant these efforts success. We really not to start buying and owning properties otherwise we are doomed. The ant property interpretation of Islam is causing big problems to the ummah. Bringing many scholars will never yield results. We need problem solvers not people who are very keen to make everything haram without weighing the short coming and long term fitna.it’s becoming very difficult to start and sustain families without homes. Families are breaking down .
Time stamp 30.32 sheyuk makea a relevant point and in addition because capatliam push individualism instead of collectivsm we think on our own instead of family commujity etc to generate wealth we have become so consumed by our own greed..
If I get fixed mortgage under conventional mortgage is it haram? Ribs means ' to increase'. Fixed mortgage is not increasing just like islamic mortgage sells on profit. May be stupid question. I am not outlining the risk part herr as i dont have knowledge on it.
Will you have this in america in the future or just Britain?
At the moment we currently operate in the UK. As we continue to grow and scale in the future, we may also reach the USA one day insha'allah!
How is Green considered a Sheikh.
Just read on the website that there is a 5yr waiting list. So even this is out of reach of most people. Nobody knows whats going to happen tomorrow let alone in 5yrs time. This is why most people go down the mortgage route as they have no other suitable option.
We need more of this
Need a certification equivalent for Islamic Finance, like we have for halal meat.
Halal mortgages seem to be only for those who can afford it; otherwise, it’s not an option. They only look for clients who have at least 50% of the mortgage amount ready or who have significant financial standing.
Salam! We hear you, we feel the same. You're probably talking about Islamic banks in the UK whose products are still debt-based. We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt, enabling people with a realistic chance to own their homes in an ethical, halal way.
If you're interested to learn more, you can watch our UA-cam Q&A webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html
Can the panel you have in this room all confirm once from their own tongue so people can hear them and get confidence in pfida model.
Salam! We’re proud to say our products have been reviewed and certified by Sheikh Haitham Al-Haddad and the Islamic Council of Europe. You can view our certificates on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant
Is it available in Scotland? If not then when??
We are available in Scotland already! :)
@@pfidafinance I am applying to buy council house do you help buying that too
RENT IS NOT HARAAM .. WHY DO WE SAY THERE IS NO OPTION ...
Do you know how a mortgage was applied in the prophets time? How people built houses? If you know explain. Don't give this that you can rent blah blah. If I tell you to go to Africa and build a house where it will be very cheap will you go?
Interest of community ... of course they all want houses .. of course they all want new cars .. THIS IS THE DEEN OF ALLAH .. it is about Quran and Sunnah...
Will you ever host a scholarly discussion with Sheyukh of opposing views?
Salam, thanks for tuning in and for your suggestion! The scholars on the panel belonged to diverse backgrounds and schools of thought and each brought a different angle and perspective to the topic. This was the first panel discussion and digging deeper into some of the issues requires more time and further sessions. We are certainly looking to do more of these events and bring together scholars from an even wider spectrum of views.
@@pfidafinance Thanks, the current panel are far too homohenous in their opinions and methodology for this to be considered a scholarly discussion. We need to see what the other side have to say too to see a proper discussion exercising their Usul and reasoning.
Alot of people are claiming benefits because they don't want to have a mortgage. Which ones worse?
Mortgage
It all depends how you earn your money is it Hallal if the money is Hallal evrithing is Hallal [ food, mortgages,]
Not really, we will be questioned where we got our money from and where we spent it.
So buying Alcohol from Halal money is Halal
Andemm like sheik fuad said andemm the other guy is his interpreter 24:39
Can i get some one to clear my islamic doubts
Salam! Two of the scholars on the panel are actually on the Shariah board which certifies our products. You can check out Pfida’s sharia compliance certification on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant
If you’re interested to learn more about how our products follow Islamic finance principles on our UA-cam webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html - timestamp: 0:04:10
The way to solve difference of opinions is to have the scholars read the texts togather line by line and agree on meaning of every single verse, hadeeth and opinion. The education system from foundation is built upin division and that leads to divergence.
Remember before the Saydis took over, the division was so severe that even in Kabba Harram the 5 schools wouldn't pray behind each other and had 5 simultaneously runing prayers lol 😂
*Saudis
@@pauladdae3130 yes saudis
Bro respect for the panel but I hope u can take my advice not to steer the panel with such specific questions and limit the discussion so much I would have enjoyed a more natural flowing discussion between the shuyook with a list of 5-10 questions that everyone is working together to answer. The shuyook are already experts are managing forums and conversations I don't think they need so much moderating
which scholar said DEI is halal?
I reverted 1 year ago Alhamdulillah. I am stuck on this subject as I took a mortgage out in 2020 and I have a family to support. Some brothers told me to sell the house and rent. I don’t want to do this as I’d be just essentially paying a landlord who has taken out his own mortgage. It’s a tough one, brothers I am open to any advice/suggestions
If you have a conventional mortgage then look at Ryan or gatehouse. With primary finance you have to wait 6-12 months depending upon your investment
I followed the view that as long the debt is on my one and only residential house, and I have the view to pay it off ASAP, then it's the lesser of two evils.
If you sell and rent, you will, on a balance of probability never get on the property ladder.
RIBA is extremely serious, this we all agree. But if you are disciplined and plan your exit out of the mortgage you will better off than, simply making a clean cut and selling your house.
Over pay on your mortgage, most allow 10% a year, work overtime etc, skip holidays so you can save to clear the debt, look into offset mortgages, when the time is right maybe downsize and move to cheaper house , clear the debt then move up again without a mortgage
Lots of options are available brother , you seem to have good intentions and i genuinely believe selling your only safety net may do more harm than good, pray for forgiveness in each salah and make effort to help your family.
Allah SWT is the most forgiving and knows ours situations ,i hope you are free of this burden soon. Ameen.
The most important thing is to find a mufti / scholar you trust and perhaps seek their advice. Seeking random answers in the comment section of youtube probably is not a great idea.
@@familyrehman646 the waiting list says 5 years, where did you get 12 months from
@@sheililasharif7421 if you invest 50k plus then waiting time is really short
Most of the time they just remove the word interest and replace it with a profit
I'll take notice soon as our "scholars" call a spade a spade..until then its a broken record ...
In other words "I'll listen as soon as these scholars say what I want them to because I know better than them"
@t-you2003 the truth is always the better option..mincing words is not it!
Nasheed?
All these banks work on the basis of Fractional Reserves, did the scholars understand that before saying these mortgages are halal? You are trying to derive a halal product from a source of great riba haraam..We need loans but from institutions that are free from Western monetary systems.
Another way is u can use the Big Central mosques in the uk HAVE MILLIONS IN THE BANK. The mosque is for the community they should have some form of no interest loan as its a mosque and not a business and to help the community and help candidates that can access normally a haram mortgagesl they should be turning to mosques and asking them. What good is millions in bank wen u supposed to help community. They should stop buying massive stupid chandelier and expensive lavish fit outs. Make it fit for the community
There should be a group of scholars that get together that show you the exact model which is halal. Then tell the finance institutions and the ones that want to start these mortgage companies to follow the model.
The model should obviously take into consideration, the countries laws, regulations that you will have to be bound by. Ask the questions, where should the source of the money come from (talking about the banks).
There should not be some hidden place where they are involved in getting money from some Riba based bank and just passing that money on to the customer to buy houses because this is just then a false contract IMO. This is what everyone complains about (rewording).
It seems that there is not one solution out there.
Maybe the only one is. Buy cheap.
But with interest causing house prices to go up, market crashes and inclusive of inflation we are screwed every year.
Maybe we should buy £30K sheds to live in. But you know how it is. We will get laughed at.
Well said. The worlds banking system is all riba based on fractional reserves. Even the halal mortgages create new money merely by creating debt. Scholars signing these off has halal did not understand this.
This is a problem we are finding. All the scholars who are specialised in Islamic finance need to sit together on one table and openly discuss and come to conclusion that this Islamic product is halal and this is not.
It is not that difficult, they just need to go over the contracts and explain why this product is not sharia compliance.
This will help the whole Muslim community in the UK.
Nothing wrong with a 30k house. Better than living in a 300k one and disobeying your lord.
Muslims should get together and offer each other loans. Plenty of us to do this, but probably will never happen due to our greed and competition with each other rather than helping.
@@ali-nj4fx Nothing wrong with a 30k house just saying you know how some cultures are they laugh not that I care. But they're ain't a cheap one like that.
@@ozhoneybadger probably not anymore. Those 30k houses are more like 60k nowadays in cheaper parts of the country. The good things about those houses are that they are in predominantly Muslim communities so there is a positive side to it.
25:00 Brother Sajid Umar has nailed it.
Why are there participants who are not qualified to speak on islamic finance, British finance, British law. Inviting a shaykh , Imam expert in another field doesnt do justice
It would've been much more fruitful if you asked these "scholars" on why they or they're Shuyookh have not been able to come up with socio-politico-economic system alternative to Capitalism, Socialism or Marxism. Instead of fixing the real issue they just keep finding loopholes within Islam to tweek things. Why don't they address the real issues on how the laws of production, distribution of wealth and creation of wealth work in Islam. Moreover, Islam is supposed to bring ease in the society, instead everything that Islam touches in modern age becomes more and more expensive.
Ease in society?
Where was the ease in the early Makkan and medinan societies that were trying to set up an alternative system of life?
You treat scholars with disrespect, want them to create alternative systems, and want everything to be easy...are you okay?
@@HAltaf96 There was ease in society and I can point out to you the exact books that talk about the Islamic monetary system in depth though they are written in Urdu. I am not treating scholars with disrespect. I am raising genuine questions which no one seems to have to answer to. How do the laws of production, distribution of wealth and creation of wealth work in Islam.? That's the problem. Why is it that we are happy with what Adam Smith has proposed and we live in the predatory system. Isn't it the responsibility of the scholars to at least elucidate the people on Islam's commentry on the modern social, political and economic system that we're in?
I thought you gonna discuss pfida model and let the scholars in the room will cross question it. But you presented pfida model as the absolute Islamic model which may be right but people don’t know and want to hear from the panel to confirm it is Islamic.
Salam! We’re proud to say our products have been reviewed and certified by Sheikh Haitham Al-Haddad and the Islamic Council of Europe. You can view our certificates on our website: help.pfida.com/en/articles/7845365-are-your-products-shariah-compliant
The biggest problem lies when so called scholars living in the west claim you need scholars in the west to give fatwa related to people living in the west. In the time of Prophet peace be upon him people won’t live or settle in the land of kuffar. So if its a proper Aalim he won’t live there. Not disrespecting sheikh haitam or any other here. Just trying to make a point
No one can seem to me answer this one question. How does Pfida as a business make a profit if they are not charging interest? Renaming interest with rent doesn't seem all that halal.
My brother bought the house through pfida and as far as I know they are the middle man. There is another organisation who actually provides all the fundings hence the stamp duty is double on the first home purchase.
Pfida makes profit may be through the rental percentage.
Salam Akhi, whether you go with Pfida or not, an individual will always be paying rent anyway. For example, I have been paying rent to my landlords for years. Unless you go with a mortgage which isn’t permissible.
@usmanrahman3288 rent is fine no problem. But who owns the home? Do pfida share in with risk or is it guaranteed profit etc
@@EE-kt8sh you can send an email to them directly asking specific questions.
@@familyrehman646 From my understanding is the other organisation just an entity in which normal people have invested into the origination through pfida's saving product.
If ur thinking of watching this it's mostly not very useful information and no questions for the ummah are actually answered. They didn't go into detail even about the pfida product or any details about what's wrong with the other mortgage products.
Peace! We think you may find our Q&A webinar useful. You can learn more about how Pfida is based on Islamic finance principles at: ua-cam.com/video/j4hTklsABWs/v-deo.htmlfeature=shared
Andd srome times itis quiiiitee important tto ask d Gguy where ddo you ccome pfrom 24:01
The attitude that one side is exploitative is not good, we need to understand that business is not a charity
It actually very good product in terms of monthly payments it works out cheaper then current products.
Only issues I see
1) very long waiting list
2) the double stamp duty payment
I am not against pfida but It is not cheaper. Total amount you pay after 20/25 years is almost same as gatehouse or Alryan mortgage products
Also they don’t share the burden
It is not cheaper, it is more expensive.
@@familyrehman646 I disagree with the comparison. Your comparing two different ways of funding a house. These are apple and pears. Gatehouse and Alryan receive their funding from "Depositors" who are protected through the DPS. This means that the amount of money they have put as savings are 100% secured and will take Zero risk. The Pfida product savings account is not a "deposit" but an "investment". The Investor shares 100% of the burden rather then the depositor who takes zero risk.
Rent is normally higher then borrowing money on a mortgage. These shared schemes you are renting rather then borrowing. That is why it is more expensive from a high level point of view. You cant compare them as they are not the same thing.
@@familyrehman646 neither does Gatehouse or Al Rayn. The "Islamic" banks are worse as they take zero risk.
Leading Islamic scholars? No disrespect but according to who? Yes, some are well known but to say they are leading Islamic scholars is a bit of a stretch. I cant help but notice that all these scholars are of a certain background and this was a plug for pfida. Sh Salman is effectively saying that scholars like Mufti Taqi Uthmani and Sh Nizam Yaquby have given fatawa based on the wrong facts. That is pretty disrespectful for him to say.
And srome times itis vverry imbortant tto uderrrstand. That's what the guy was talking in 22:20
I think it’s a commercial for the Pfida or whatever, as there is no such thing as Islamic mortgage so I quit watching after the English lawyer.
If you bothered to continue listening or look into what Pfida offer, it is not an Islamic 'mortgage', but rather a home acquiring scheme. There is no debt, and no obligation to 'buy' the property, but you can do by paying additional capital over the rent.
The capital you end up paying is the original purchase price.
Peace! We set up the Pfida home purchase product to provide a realistic chance for people to own their home in an ethical, halal way. If you are interested to learn more about how Pfida is a genuine Islamic alternative, you can check out our Q&A webinar: ua-cam.com/video/j4hTklsABWs/v-deo.html
THERE IS NO SUBJECTIVE MATTER ,, It is clear mortgages is HARAM ,, why is it dependant on scholars .. This fiqh is not for matters which are clear ..
Riba means ' to increase'. If I buy fixed mortgage is it haram. It's just like profit in Islamic mortgage. And you know what selling a house of market price 100k at 150k saying a profit is itself a scam. You can't sell an item more than market price unless you do any value addition to it.
WHERE DOES PFIDA GETS THE MONEY! .. Why do we need to sign two contracts? why do we sign for 5 years and renewable? these SO CALLED halal mortgages are AS HARAAM .. as mainstream ..
Peace! We have an investment savings account that helps to grow-your-savings whilst helping others own a home. You can watch our Q&A webinar to learn more about how the Pfida product is based on Islamic finance principles: ua-cam.com/video/j4hTklsABWs/v-deo.html
To help avoid confusion, it was mentioned that the opinion of the majority of scholars should be taken rather than individual scholars.
I respectfully disagree. The strongest opinion should be followed, even if it is a minority opinion. Islam forbids following the majority if they veer from the truth.
Furthermore, far too many sincere scholars are currently silenced, being tortured, imprisoned, or killed. Therefore these scholars don't represent all opinions.
What you are saying is somewhat right. However, in terms of advanced matters or complex matters, laypeople should follow experts in those matters - if the majority agree on the matter then it is sufficient for laypeople to follow this. Even though the majority is not always the rule it does have valid weight for lay people to follow. Allah (swt) indeed said in the Qur'an NOT to follow the majority of mankind in the Qur'an (those who follow whims and desires). However, He did NOT prohibit following the majority of the scholars or people of knowledge who are experts in specific areas, in fact, the Almighty stated to ask people of knowledge or remembrance. In most cases (not all) the majority of scholars will have a strengthening view. Because you are taking the strongest view according to the majority of the experts who deem what is the most appropriate based on text and context.
@@faysalahmed9157 Thanks, I fully respect sincere scholars. There is a hadith stating they are the inheritors of the prophets. However our beloved Prophet (saw) also warned that, for this reason, scholars can lead the ummah astray.
We must be aware that those who are currently being promoted and given airtime are at the expense of those who are considered to have unpalatable views by the West and our secular muslim regimes.
Truth is not always nor necessarily with the majority . Whoever has the evidence is upon the truth , even if he is on his own. As for sincere Scholars are imprisoned? If they were sincere toward Allah and His Messenger sallal lahu alaihi wa sallam , to the deen and to the community Ummah, they would not oppose their ruler. Rather if able advice in private and or face to face. Though some may have been imprisoned unjustly
@@AbuMoosaa Accounting the ruler is part of Islam. The response is not to disappear the person.
Admitting that 'some may have been imprisoned unjustly' is an understatement.
@AbuHamzaAlKashmiri is it you and me that accounts the ruler for his actions? What does the Quran and ahadeeth say. What did Allah and His Messenger sallal lahu alaihi wa sallam say in how to deal, interact and communicate with the ruler , especially when we see evil from him? What did the Sahaba do? How did they and the Imams of the Sunnah , past and present address the ruler???
Correcting the Rulers
beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/correcting-the-rulers-according-to-the-sunnah-and-manhajus-salaf/
Dealing with the Rulers
beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/dealing-with-the-rulers/
Blame the Ruler or blame ourselves?
beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/blame-ourselves-or-blame-the-rulers/
If I had one supplication that will be answered....Dua for Rulers
beabettermuslimsunnisalafiathari.wordpress.com/2024/01/26/dua-for-rulers/
The Real Khilafah lasted 30 years....
beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/the-real-khilaafah-lasted-30-years/
Ruling by other than the Laws of Allah
beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/ruling-by-other-than-the-law-of-allaah/
Kufr of the one who rules by man-made law
beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/kufr-of-one-who-rules-according-to-other-than-what-allaah-revealed/
Not a single scholar on the panel.
Mortgage is haraam 1st or 2nd- we just want to stay in the land of shytaan. And we will pay amy price for that even if it means bending the laws of Allah. Shame on us we are pathetic.
Halaal mortgage😂😂😂😂😂 we love bending islam to suit our lives in the land of jahiliyyah!
Peace! The Pfida model is completely based on a partnership model and is not a mortgage product. We founded Pfida to provide a genuine and authentic Islamic alternative that is based on true risk sharing and not debt.
You can learn more about how our products are based on Islamic finance principles through our UA-cam Q&A webinar, timestamp 0:04:10 - ua-cam.com/video/j4hTklsABWs/v-deo.html
Unfortunately RIBA is RIBA
Haytham Haddad comes with some erroneous fatwas. Not a good sign
DEI is haram
Are all of them shuyookh ..what an over statement
You need shiekh imran hosein for this topic these are all laymen
No his not qualified in Islamic finance, engalish finance, and English law.
Easy solution for muslims:
Work togather to build your own apartment complexes, dont waste your money on fancy musjids, spend zakat locally (help pay each others debts and rent), use IUD contraception to avoid overpopulation, both spouces focus on careers, live simple lives, dont waste money on multiple Hajjs or Umrahs, focus on STEM fields not service jobs, save money, keep options open abroad, never get lazy, too comfortable or arrogant.
Contraception... Overpopulation? Looks like you're still stuck with Malthusian times. There is under population across the world specifically in Western countries and some of the solutions you give are the direct catalysts for this global issue
@@normskyyanwell4872 how about you swap places with someone from a densely populating city like Deli, Wuhan or Rio and see how you like rubbing up agaist people on the bus.
Both spouses focus on careers 😂....STEM field only....yeah... Please don't follow this recipe for disaster
@@normskyyanwell4872 Mathusian philosophy 2.0 by AI, automation, overambitious space traveler enthusiasts
@@HAltaf96 not STEM field only but not service jobs only. Whats wrong with STEM? Where is the Boeing or Airbus of the muslim world? Where is the Lockheed Martin and Cyberdyne weapons manufacturer of the muslim world? How many nuclear Muslim countries? Look at N korea and iran vs Palestine and Lebanon. Enemies will crush you without STEM powered defences.
I am 37 in the UK
Always had issues with work on and off.
Not married.
Easiest option is to take a normal mortgage.
Can't get married because I can't live with my brother there.
Very hard. What can we do. Need a bigger deposit. Need to move far.
What stops you renting.
Why cant you live with your brother ?
@@familyrehman646 Nothing but then when you get old or lose your job your renting to nothing usually woman want a permanent home
@@Amatuallah-jt2kg If your in the same house with a wife it's not appropriate
@@ozhoneybadger Allah has declared the war against those who are involved in Riba. That’s is clearly mentioned in the Quran.
They are not going to answer the problems with pfida. Aka if you already have a house you are basically screewed. Unless you can get it on buy to let them not to mention you will also be paying effectively rent plus an additional plus another additional for a small buyback. The best work around I've seen so far is getting a family member to go on the waiting list and then selling the house to them.
Your message was incoherent and didn't make sense.
I believe what you're trying to say is important, but many people will not understand your message.
So can you please explain again what is the issue with Pfida?
"Islamic financing" is like putting lipstick on a pig...its the same thing as a conventional mortgage, they are just building the interest in. 😂
@@JustAnotherRandomNPC The pfida product or similar products by some fintechs throughout the world is not a Islamic Banking Product that uses Murabaha, but rather its an implementation of Diminishing Musharakah; when two people buy a house together and one of them is living, the one living must reward the one thats not making use of the property with rent. This is the entire model. You can also buy as much equity as you want thus lowering the rent you pay, until you fully own the house.
This is because Pfida have a scaling challenge. They’re simply not big enough to provide this service yet.
@@JustAnotherRandomNPC if you haven’t studied the actual product, best to avoid aspersion
All wahhabi scholars
what's a wahhabi?
Have some respect for the people of knowledge. There is no such thing as a Wahabi.
@@Bigly non madhab ppp
@@007kash007what Madhab did the Prophet follow?
@@Bigly cool you spend all your life working out Islamic law
These ikhwanis still about geez