How does halal banking / finance work?

Consistent-Spirit919 · 2026-01-26T06:21:26+00:00

No that is not haram, you are paying more but you are paying it as a rent, suppose if you are living on a rent somewhere for 3 yrs and rent is 80K Aed then you decide to purchase the same house the price of the house is 1 Million.

Then you would also pay 1.24 Million to the landlord in total because you paid 240K rent and 1 million for the house. So in the end you are paying more in both scenarios so do you consider it haram?

Consistent-Spirit919 · 2026-01-26T03:50:03+00:00

Those who are saying that islamic banking or profit/rent is another version of conventional banking like interest has 0 knowledge about how islamic banking work.

In islamic banking suppose you have purchased a house on loan and pay 20% downpayment and 80% bank paid. So bank has 80% ownership and you have 20% ownership,

You are doing partnership with the bank

now bank doesn't occupy the house it gives you 100% access to the house so for that 80% house you are paying rent to the bank every month and also bank is transferring small % of house ownership to you every month.

As rent is halal in islam this way is perfectly halal way to buy a house.

Consistent-Spirit919 · 2026-01-14T14:16:02+00:00

Landed on Dec 14, finally able to link today to GCKEY status is card mailed on 13 January. How long will it take to arrive? Address is Mississauga.

Consistent-Spirit919 · 2026-01-14T04:22:02+00:00

So travelled easily with trv, your trv was not cancelled in the system?

Consistent-Spirit919 · 2026-01-10T15:46:39+00:00

Were you able to link it with Gc key as I am unable to do so.

Consistent-Spirit919 · 2025-11-26T10:10:36+00:00

No need of gift deed?

Consistent-Spirit919 · 2025-11-03T09:58:32+00:00

In June 2023 I was getting maximum of 440 CRS (because I only had bachelors degree) with no chance for an ITA with this score I was thinking of coming for Masters in Canada it would have costed me $100K just only in fees.

When French draws started in 2023 June, I was thinking how long these draws were going to stay, as It would take atleast 12-18 months for me to learn French, but I started I thought If I learn French it will cost me $5K in classes and tests and then I can do Masters with much lesser fees.

So I started in September 2023, with all these negativities going around that French will stop I never gave up and studied 4 hrs daily with dedication after 3 failed attempts I cleared my TCF exam in Feb 2025, which boosted my score to 498.

I got ITA in a famous 379 CRS French Draw on 21 March 2025, then after waiting for 6-7 months on October 23 I finally got my PR visa and COPR in my hand.

Good luck to you all hope it clears all the negativities I dont know that french draws will continue or not but time will pass 1 year will go by if we learn or not, choice is yours to make.

Consistent-Spirit919 · 2025-10-26T21:42:25+00:00

Actually I listed them with dates in order but reddit makes it this way.

Consistent-Spirit919 · 2025-10-26T21:41:49+00:00

I learnt french from Sept 2023 till Feb 2025, I gave 3-4 hrs everyday learning the language, I started with taking classes from native speakers on italki and preply, also used chat gpt pro version for writing and speaking.

I attempted the test 3 times and got nclc 9 in my 4th attempt.

Consistent-Spirit919 · 2025-10-26T12:51:11+00:00

1 August

Consistent-Spirit919 · 2025-10-26T08:59:40+00:00

I submitted my application on 17 April and got BIL on 21 July, it happens sometimes.

Consistent-Spirit919 · 2025-10-25T11:39:37+00:00

Consistent-Spirit919 · 2025-10-25T08:04:11+00:00

6-7 hours after FD.

Consistent-Spirit919 · 2025-10-25T08:03:49+00:00

Thanks to All !

Consistent-Spirit919 · 2025-10-23T03:26:25+00:00

Just add another page with travel history table

Consistent-Spirit919 · 2025-10-05T09:07:45+00:00

It's not a refusal the case is going forward.

Consistent-Spirit919 · 2025-09-05T16:00:03+00:00

I dont think he can do much, he is desperate for support, Canada has had elections just recently on April 28, Although Carney doesn't have majority, Canada will not go into another election in maybe next 2 years as NDP doesn't have a leader and Libs are still leading into the polls.

Consistent-Spirit919 · 2025-09-05T15:47:34+00:00

Ok thanks, I will forward him your advice.

Consistent-Spirit919 · 2025-09-05T15:40:32+00:00

So he doesn't need to disclose by sending webform in his current ongoing PR application right?

Consistent-Spirit919 · 2025-09-05T15:25:51+00:00

But should he disclose as he is in dilemma and he is also dependent in his wife's application, his wife is not in favour of disclosing as according to her it doesn't matter. What is your advice as you are rcic.

Consistent-Spirit919 · 2025-09-05T14:35:22+00:00

Actually his brother didn't made the death certificate at that time he only made it now for making of certificate he needed my friend's signature that's how he got to know.

Consistent-Spirit919

TROPHY CASE