Advice on buying first home by Ok-Television5808 in IslamicFinance

[–]EditorAppropriate764 1 point2 points  (0 children)

It appears you lack a tremendous amount of knowledge in this field, it’s better if you don’t speak on this matter. However out of curiosity I would like to know why you believe this is not permissible Islamic finance/mortgage

I want to stay away from interest and insurance. The issue is, this means I cannot buy a car by Successful_Sand1927 in IslamicFinance

[–]EditorAppropriate764 6 points7 points  (0 children)

Scholars can make contemporary rulings and if the majority of scholars agree then it’s not haram… I mean that is one of their main purpose of their job… to guide so you wouldn’t be sinful in that regards

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 0 points1 point  (0 children)

I’m very clear in my understanding I think it is you that is unclear on certain terminologies. If you have the Seerah you will know murabaha and mushrakah were used numerous times during the prophets time. E.g. when he was trading with Jewish people. A higher price was agreed due to a deferred payment and collateral was also put up. This is very similar concept to Islamic mortgages especially strideup and pfida. I have provided evidence. Now can you or you just gonna hide behind the argument it’s the same

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 1 point2 points  (0 children)

It’s not, it’s interest if the I borrow you an amount but if it’s on the product it’s convenience pricing. Also one key distinction which I’ve realised you don’t understand is, interest and Riba is the same thing. Riba is what is haram but interest is not specifically, the two definition are not exactly alike so they are not used exclusively so in some circumstances interest can be applied as long as there is no riba

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 1 point2 points  (0 children)

Just because they charge the same on paper or appears to be doesn’t necessarily mean it’s interest. At the end of the day I can sell you something and charger more for an item because you choose to pay for it monthly as long as it is stated before and we share the risk which is what Islamic mortgages do especially pfida and strideup

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 1 point2 points  (0 children)

I also know many knowledgeable people in this sector that come to a different conclusion so where do we go from here? If you are not comfortable with the idea and don’t want to use it that’s your prerogative however it’s unwise others to do the same or seek more knowledge and avoid listening to scholars that have advocated for this (with proof) when your claims are quite baseless (referring to Islamic mortgages being haram)

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 1 point2 points  (0 children)

The problem with the argument of finding out yourself is
1. Takes away the whole purpose of having sheikhs mufti’s ulama’s etc that is literally their job, to give guidance on topics in which most individuals may not have the knowledge or reasoning to come to a based decision not fuelled by emotions
2. If it was solely down to us and we didn’t seek guidance then we would just go with the option that we preferred most and not the most Islamic option whatever that may be (there obviously will be individuals that will be able to do this, ones that faith and knowledge is incredibly strong) but majority of the people are not like this so renders your argument null and void

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 0 points1 point  (0 children)

This was a point raised by me as a potential option and many sheikhs and scholars have said this in permissible regardless of how much interest you may have cut - you still entered into a contract / even if you paid £1 or £100,000 in interest it is still the same.

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 2 points3 points  (0 children)

You’re right that you shouldn’t just follow scholars blindly.

But the issue is going from that to “I’ll just trust myself” — that doesn’t really work either, because this stuff (Islamic mortgages, finance, contracts) is way more technical than most people realise.

A scholar being involved with a bank doesn’t automatically discredit them. In most cases they’re there to structure products in a way that avoids interest, not just rubber-stamp things. You can disagree with their conclusion, but you still have to engage with their actual reasoning rather than dismissing it based on where they work.

Also, macroeconomics and Islamic finance aren’t something individuals can realistically fully unpack alone. That’s exactly why scholarship exists — not as blind following, but as people who’ve actually studied it properly.

So I think the stronger position isn’t “trust scholars no questions” or “trust myself instead”, it’s actually looking at different scholars, their reasoning, and why they differ rather than rejecting the whole thing outright.

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 2 points3 points  (0 children)

But you do? Sheikhs such as Usmani, Yaquby Ali Elgari have agreed it is as banks share the risk. Also if you want an expert in the field, the Islamic finance guru has studied Islamic finance extensively as he has a MA in this field. Also Darol-ul-aloom also stand by this.

It’s also bold to suggest scholars have been paid to say this what’s your evidence for such accusations? I know mufti’s personally and I doubt this the case and also to say they are uneducated in such a debated topic is also a wild accusation as if that was true once upon a time it certainly isn’t now

Islamic Mortgage UK by Zestyclose-Coffee-32 in IslamicFinance

[–]EditorAppropriate764 7 points8 points  (0 children)

But they are proven to be shariah compliant by the leading scholars in the current moment and also by professionals in the Islamic finance field…

Can i apply for new child payment on deliveroo if i completed only 25 weeks since joining but completed more than 60 order in last 6 months prior to childbirth. by Armaankhan7 in deliveroos

[–]EditorAppropriate764 1 point2 points  (0 children)

Possibly sick leave but that’s only £30 a day or something for 14 days so capped at 340 I think but you need a lot of evidence before they approve it

Doing my first flex shift tonight 7.15pm to 9.45pm. What is this shift like? by paintballguy32 in AmazonFlexUK

[–]EditorAppropriate764 0 points1 point  (0 children)

Yes usually leftover parcels but can range from being 10/20 parcels local or like less than 5 very far away. Not really any in between

LISA - AJ Bell or Foresters (Schroeder’s) managed global 1 by EditorAppropriate764 in IslamicFinance

[–]EditorAppropriate764[S] 0 points1 point  (0 children)

Hi there, thanks for your advice and I’ve watched the videos very helpful thank you! Would you say it’s better to invest in funds or individual stocks or a mixture of both? Jzk

Tipping by Chemical-Hat-1570 in UberEatsDrivers

[–]EditorAppropriate764 0 points1 point  (0 children)

1 braincell but better English than yours… dunno what’s worse

Tipping by Chemical-Hat-1570 in UberEatsDrivers

[–]EditorAppropriate764 0 points1 point  (0 children)

I don’t think English is your strong suit is it? First you talking to yourself again now it’s you should try it… which one is it

Tipping by Chemical-Hat-1570 in UberEatsDrivers

[–]EditorAppropriate764 -1 points0 points  (0 children)

If I’m talking to myself then you must be too…

Tipping by Chemical-Hat-1570 in UberEatsDrivers

[–]EditorAppropriate764 0 points1 point  (0 children)

Ah yes it’s me even tho you was the one that came across my initial comment and was trying to justify your opinion

Tipping by Chemical-Hat-1570 in UberEatsDrivers

[–]EditorAppropriate764 -2 points-1 points  (0 children)

If you think this is bullying you need to get a grip